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The company received the Letter of Intent on August 30, 2022.

The Indian rupee is expected to come under pressure, weighed by strength in dollar overseas, although sustained buying by foreign investors in Indian markets could support the local unit. Improving data is also likely to aid rupee sentiments. On the macro front, Indias GDP growth surged to 13.5% in April-June from 4.1% in the previous quarter, data released on August 31 by the Ministry of […]

Funds raised shall inter-alia be used for repayment of the debt.

Further, the entire investment will be funded through internal accruals.

Among sectors, IT, banks, auto and metal indices witnessed selling, while media, PSU banks, realty indices are in the green.

According to government figures, net tax collections were Rs6.66 trillion while total expenditures were Rs11.26 trillion

Escorts Kubota Agri Machinery Segment in August 2022 sold 6,111 tractors registering a growth of 7.3% as against 5,693 tractors sold in August 2021. Domestic tractor sales in August 2022 was at 5,308 tractors registering a growth of 7.9 percent as against 4,920 tractors sold in August 2021. During the month, some parts of the country have received heavy rainfall affecting ground activations and general […]

Ashok Leyland advanced 3.08% to Rs 158.75 after media reports suggested that the company bagged orders from major fleets for 1,400 school buses in UAE- the companys reportedly largest ever supply of school buses in UAE.

The US Energy Information Administration reported an inventory draw of 3.3 million barrels for the week to August 26. At 418.3 million barrels, inventories are 6 percent below the five-year average for this time of the year. The number for the week to August 26 compared with a draw of 3.3 million barrels for the previous week. In gasoline, the EIA reported an inventory decline […]

In order to fund up to Rs12,000 crore through the issue of non-convertible debentures on a private placement basis, NTPC has received the permission of its shareholders.