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IKIO Lighting IPO subscribed 66.24 times so far on last day

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IKIO Lighting has set the IPO price band of Rs 270-285 per equity share and investors can bid for a minimum of 52 shares in one lot and multiples thereafter.

• 08 June, 2023
• 4:47 PM
• less than a minute

Markets end on a sluggish note

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The markets touched their day’s low in the intraday trading session.

• 08 June, 2023
• 3:55 PM
• less than a minute

RBI monetary policy reaction: Soumitra Majumdar, Partner, J. Sagar Associates

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The proposed amendments to the stressed assets resolution circular of June 7, 2019 for including specific guidelines for compromises and settlements with borrowers, is definitely a welcome move.

• 08 June, 2023
• 1:42 PM
• less than a minute

RBI monetary policy reaction: Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Ca...

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If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.

• 08 June, 2023
• 1:35 PM
• less than a minute

RBI monetary policy reaction: Mr. Suresh Khatanhar, Deputy Managing Director, IDBI Bank

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The lowering of the inflation projection for FY24 to 5.1% signals towards a higher GDP growth and credit offtake can be expected to be higher.

• 08 June, 2023
• 1:33 PM
• less than a minute

Inox Wind's Share Price Surges 5% Following Wind Power Project Victory

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Stock surges after securing a 100-MW wind power project order from ABEnergia Renewables.

• 08 June, 2023
• 12:19 PM
• less than a minute

RBI holds repo rates at 6.5% in June, lowers inflation forecast

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The Bloomberg forecast had a 100% bet on status quo on rates.

• 08 June, 2023
• 11:37 AM
• less than a minute

Air India: Flight bound for San Francisco will carry passengers who are stuck in Russia

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According to a tweet from the airline, the flight is scheduled to land in San Francisco at 12:15 a.m. PDT (07:15 GMT) on Thursday.

• 08 June, 2023
• 10:30 AM
• less than a minute

Yes Bank looking to expand margins by 100 bps within the next 3 years, says MD

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He noted that Yes Bank is also counting on a faster increase in fee income to help boost margins.

• 08 June, 2023
• 10:18 AM
• less than a minute

Tata Communications: Ambitious revenue aspiration may entail M&A

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Analysts of IIFL Securities believe that TCOM would have to make a sizeable acquisition, which its comfortable leverage ratio (1.3x net debt/Ebitda) should support.

• 08 June, 2023
• 10:15 AM
• less than a minute