News Overview

The bank stated, "RBI, by letter, approved Sandeep Batra's reappointment as Executive Director of the bank, effective December 23, 2023, to December 22, 2025."

After British inflation fell short of expectations in October, hitting an annual 3.9%, the lowest level in two years, the pound saw its biggest overnight decline in two months.

U.S. West Texas Intermediate crude was down 55 cents, or 0.7%, to $73.67 per barrel, while Brent crude futures had dropped 65 cents, or 0.8%, to $79.05 a barrel.

Spot gold was up 0.2% at $2,033.92 an ounce. US gold futures decreased little to $2,045.70.

The approval from SEBI, indicated by observation letters, allows these companies to proceed with their IPO plans

INOX India showcased strong financial performance during the fiscal year 2022-2023, reporting a 17% increase in net profit, reaching Rs 152.71 crore.

The company aims to raise Rs 570 crore through its IPO, comprising a fresh issue of shares worth Rs 320 crore and an offer-for-sale (OFS) of Rs 250 crore by existing shareholders.

Based on the Approval of Necessity (AoN) from the MoD, work on the project started in Q2FY24 and is projected to be completed by Q1FY25.

Asian peers are trading in a downward trend, with most of the indices in a negative tone.

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