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In conversation with Sheetal Agarwal of IIFL, management of the IPO-bound company discusses about the company, its strengths and its future plans.
Nifty 50 hits 21,005.05, and Sensex reaches 69,888.33, following the RBI's decision to maintain the repo rate at 6.5%
All sectors exhibit positive trends at the current hour, contributing to the overall market upswing.
Inflation is expected to rise in November and December to around 6% on elevated food prices, and then projected to fall to 4%-5% range in the coming quarters; core inflation trending lower.
ITC's success is attributed to the favorable market dynamics, with increased atta prices and its packaged atta, Aashirvaad brand, being a major revenue contributor to the food business.
The goal is to make the site operational within 12 to 18 months, and discussions may involve seeking government subsidies under PM Narendra Modi's production-linked incentives
RBI decision to hold rates was expected, but the focus was always on monetary stance and GDP growth estimates.
Adani Green commits to depositing equity transaction proceeds and distributable surplus to contribute to the repayment amount.
Petrol and Diesel prices in cities across India on 08-12-2023
The RBI MPC is likely to keep repo rates at 6.5%, but there could be key changes on stance and GDP growth projections.