Auto Sector

The IPO will consist solely of an offer for sale, with IDBI Bank, NSE, HDFC Bank, Union Bank of India, and ABI collectively offloading up to 57,260,001 Equity Shares.

Spot gold was up 0.1%, trading at $1,925.49 an ounce. The price of American gold futures fell by 0.1% to $1,931.00 per ounce.

The project aims to rehabilitate and upgrade the 4 to 8 laning of Chandikhole-Paradip Section of NH-53 (Old NH-5A) section of the highway in Odisha.

The Regional Connectivity Scheme (RCS) is the government's scheme for developing regional airports, and it includes UDAN.

The record date for the dividend has been set for July 15, 2023

The car manufacturer projects that this fiscal year, the global market for passenger vehicles would expand by 5-7%.

On Friday, the rupee had depreciated by 23 paise, closing at a six-week low of 82.74 against the US dollar

PHNX has also acquired land in Kolkata for Residential and in NCR for Warehousing. Analysts of IIFL Capital Services build 30% PAT Cagr over FY20-25, and increase their TP to Rs1,650.

Analysts of IIFL Capital Services upgraded BIL to BUY in Feb 2023, as volume growth/margins were at cyclical lows.

The stake sale brings the total capital raised by Adani Group to $9 billion over the past four years