News Overview

The issue comprises a fresh issue of up to 19,285,720 equity shares worth INR 192.9 crore. There is no offer for sale component.

The late impact of tariffs in August last week led to depletion in short term equity market returns for the month

After a sharp rise in fiscal deficit in June and July, the fiscal deficit as of end of August stood at 38.1% of full year

For August, mining and electricity output were higher, but manufacturing trended lower

The inflation estimate for FY26 was cut by 50 bps, even as the GDP growth estimates were raised by 30 bps

Official sources stated on Thursday that the Telangana government has agreed to acquire Phase-I of the Hyderabad Metro Rail project

The execution period for the project is set at 18 months.

The company stressed that the investment will depend on the financial feasibility of individual projects and will require all necessary corporate and regulatory approvals.

The orders are scheduled for execution over FY26 and FY27, ensuring steady revenue streams in the coming years.

Kapil Sharma has been named executive director and chief financial officer for a five-year term.