Auto Sector

Money market funds saw inflows of $121 billion in the week in which SVB collapsed.

Udayshivakumar Infra IPO consists of fresh issue of 20,000,000 equity shares of the face value of Rs 10 aggregating to Rs 66 crore.

The Scheme will dynamically allocate its net assets to equity and equity related securities and debt instruments.

The IPO size has been reduced from Rs 1600 crore to Rs 1200 crore.

In response to recent worried commentary in the press and questions from investors on whether sharp interest rate hikes by US Fed could trigger large capital flight and a repeat of Asian Financial Crisis (AFC) of 1997, analysts at IIFL Capital Services have analyzed seven major Asian countries.

Analysts at IIFL Capital Services attended Craftsman’s analyst call, wherein management shared further details regarding its recently concluded acquisition of 76% stake in DR Axion.

NTPC is all set to add 6-7GW p.a. capacity (RE + thermal) through FY25, which should lead to 9/12% p.a standalone/consolidated PAT growth. Risk of adverse changes in regulations remains low, given the risk of supply lagging demand by a margin.

UBS had insisted that as part of the Credit Suisse deal $17 billion of AT1 bonds will have to be written down to zero.

The second meeting of the US Federal Reserve concluded on 22nd March 2023.

The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.