News Overview

The Indian government, under PM Modi's initiative to reduce pollution, taxes EVs at a low 5%, while hybrid cars face a higher levy of up to 43%, just below the 48% imposed on petrol cars

The shares of Medi Assist Healthcare Services IPO are scheduled to be listed on BSE and NSE on Monday, January 22, 2024.

LIC sold 3,72,78466 shares of the three Adani businesses during the quarter while purchasing 4,500 shares of Ambuja Cements.

The Sensex recorded a drop of 405.70 points or 0.57%, closing at 71,095.06, while the Nifty experienced a decline of 133.40 points or 0.62%, settling at 21,438.60

Margin pressure likely amid rising cost of funds.

Ambuja Cements Ltd, part of the Adani Group, will invest Rs 1,400 crore.

Bidding for Retail Investors will begin on Friday.

Consolidated revenue was Rs 9,016 crores, up 4.6% year-on-year and 1.2% quarter-on-quarter (QoQ).

In the previous session, on January 16, the ADR price was down 6.7% to $61.18 per share.

The order is slated for execution within one year and is expected to escalate to $5 million over the next five years.