Auto Sector

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.

The window for policy pivot to rate cuts could open-up in 1H CY2024, if inflation trajectory warrants given that growth remains robust.

The bank aims to raise up to Rs.750 crore through the issuance of these bonds in one or multiple tranches

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.

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.

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.

On inflation, the central bank recognised the near-term easing in inflationary pressures while being cautious about the future trajectory.

The tie up with FTAI Aviation is intended to reduce maintenance expenses and aircraft downtime.

RBI Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5%

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