Markets were subdued this week; but without the bank rally, the cuts in the market would have been much deeper
The gross non-performing asset (GNPA) ratio was 3.18% in the September quarter, compared to 3.32% in the June quarter.
Gaurav Gogoi, the MP for Jorhat, praised the board's decision but emphasized the importance of doing a thorough analysis of the circumstances.
It was a light week in terms of data, but the Fed speak suggests that the Fed is prepared for any eventuality
As of October 18, foreign investors had sold ₹77,000 crore worth of Indian stocks, the most they had ever sold in a single month.
FPIs withdrew $(2.26) Billion in the week, taking the FPI selling in Indian equities to $(9.25) Billion in October 2024
This preferential issue is expected to boost Reliance Infrastructure’s net worth from ₹9,000 Crore to ₹12,000 Crore and significantly reduce its debt.
Anchor bidding for the IPO will begin on October 24, a day before the public issue opens.
In the second quarter, EBITDA increased by 27.5% to ₹813.8 Crore, with an EBITDA margin of 61.7%, up from 52.4% the year before.
Alembic Pharmaceuticals continues to grow its footprint in the US, with this approval contributing to its robust portfolio of generic medications.
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