Soaring rents for living in Bengaluru have shifted the age median age for the first-time homebuyers from 42 to 34 in the last three years as millennials and Gen Z increasingly chose to buy, instead of taking on rent, according to experts. Data from proptech firm NoBroker shows that tenants in key cities would typically move around nine times before purchasing a home.
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The initial public offering (IPO) of Kross Ltd., which opened for subscription on Monday, was subscribed 1.4 times so far on Tuesday, the second day of the bidding process. Around 11:45 am, the highest demand was driven by the retail investors, booking the issue by 2.34 times, followed by the non-institutional investors, subscribing to the issue by 1.13 times.
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Time Technoplast Limited has secured a significant contract from a reputable government-owned Oil Marketing Company (OMC) to supply Type IV CNG/CBG Mobile Storage Cascades. The total basic value of this order is approximately INR 67.21 crores. The order was awarded domestically and is expected to be executed within 10 weeks from the date of the purchase order or call-off.
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