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The Indian government announced on June 28, 2024, that interest rates on small savings schemes will remain unchanged for July-September 2024. This marks the second consecutive quarter without an increase, following six quarters of rising rates. Small savings schemes, such as the Public Provident Fund and Sukanya Samriddhi Account, provide higher interest rates and tax benefits, attracting citizens to save regularly. These schemes are crucial for financing the government’s fiscal deficit. The interest rates are linked to market yields on government securities but often diverge from the formula. Future rate changes depend on market yields and global bond index inclusions.

This development represents a significant enhancement of the renewable energy infrastructure in the Khavda region.

L&T received a ‘BBB+’ credit rating from global agencies S&P and Fitch, two notches above the sovereign rating, underscoring its strong credit quality.

DCB Bank stock has gained a total of 1.78% in the last one year, and 12% dip since the beginning of the year.

With these recent additions, KEC International’s total order intake for the current year has surpassed ₹7,500 Crore.

IMVEXXY is a vaginal insert designed to lessen pain during sexual activity after menopause which is manufactured by Mayne Pharma.

EBITDA for the quarter jumped to 10.0%, amounting to ₹821 crore, up from 4.4% or ₹320 crore in Q1 FY'23.

Key selling shareholders include promoters Somnath Chatterjee, Ritu Mittal, and Satish Kumar Verma, each selling 21.32 lakh equity shares.

Currently, the promoters hold an 82.44% stake in Akums, with Ruby QC Investment owning 14.65%, and the remaining 2.91% held by employee trusts.

On the Sensex, Tata Motors, L&T, Sun Pharma, and Kotak Mahindra were the top gainers.