Coal consumption in August fell to 52.1 MT, down from 59.1 MT in the same month the previous fiscal year.
The government is going slow on fiscal deficit this year and looks keen to defend the 4.9% target
Earlier this month, the company raised ₹37 Crore from Volrado Ventures Partners Fund II in a pre-IPO placement, reducing the fresh issue size.
The Q1FY25 GDP was lower along expected lines and full year GDP may trend closer to 7%
A 20 bps upgrade in US Q2 GDP and flat PCE inflation at 2.5% make a strong case for aggressive rate cuts by the Fed
Despite negative growth in oil extraction and gas, oil refining and steel more than made up for it
The quota set out for retail individual investors (RIIs) was used 3.03 times. The issue received 8.08 subscriptions in the NII category.
The company's total exports increased by 26% to 3,060 units last month, up from 2,423 units the previous year.
The retail and non-institutional investor (NII) categories had high demand, with subscriptions at 8.49 and 10.57 times, respectively.
The top performers in Nifty include Bajaj Finance, LTI Mindtree, HCL Tech, Bharti Airtel, SBI Life Insurance, IndusInd Bank, Infosys, Hero MotoCorp, Cipla, and ICICI Bank.
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