News Overview

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes. These influences lead to varying fuel rates across different states in the country.

RK Swamy's maiden public issue saw potent demand from investors, with subscriptions reaching 25.78 times the offer size on the final day of bidding, March 6.

Popular Vehicles disclosed the allocation of 61,07,325 equity shares to anchor investors at ₹295 per share. Notable investors such as HDFC Mutual Fund, Quant Mutual Fund, HSBC Global Investment Funds, Lionglobal Investment Funds, BofA Securities Europe SA, Pinebridge Global Funds, and ITI Mutual Fund participated in the anchor book.

The reports said the level of damage remained unknown and that the tanker was transporting alkylate, a fuel used to blend gasoline, for Reliance Industries' U.S. business from a refinery in Jamnagar, Gujarat state.

Following this move, the company has required all employees—aside from those operating out of its headquarters and around 300 Byju's Tuition Centres across the nation—to work from home for an undetermined period of time.

Rakesh Gangwal, his wife Shobha Gangwal, and their family trust, all members of the promoter group, owned approximately 34% of the airline in December 2022.

Asian equities edged up on Tuesday ahead of the key US inflation report.

Here are some of the stocks that may see significant price movement today.

According to the company's chairman, Shrikant Madhav Vaidya, the refinery in Paradip, Odisha, would start producing the gasoline used in Formula One racing in three months.

As of 5:23 pm, The issue was subscribed 9.02 times, while the retail and NII portions of the public offer were subscribed 4.01 and 9.50 times, respectively. The QIB category was overbooked 17.50 times.