News Overview

The Tata Technologies IPO, which opened for subscription on November 22, will close today, November 24.

Approximately 1.6 crore shares, constituting a 2.56 % stake, worth Rs 1,441 crore, change hands at an average price of Rs 884 per share

The inspection, conducted between August 23 and 26, focused on pre-market aspects and US FDA's quality system, particularly the current good manufacturing practice regulations for medical devices

Cipla, Divi's Laboratories, and Dr Reddy's Laboratories lead Nifty 50 gainers, rising between 1.3% and 2%

The Reserve Bank of India (RBI) banned Bank of Baroda from onboarding new customers on Bobworld due to material supervisory concerns on October 10

RVNL clarifies it has no role in director appointments; the Government of India, via the Railway Ministry, appoints directors

The move is geared towards promoting domestic manufacturing of mining equipment and reducing dependence on imports.

The IPO, with a price band set at Rs 475-500 per share, is entirely an offer-for-sale (OFS) of 6.08 crore shares

Fedbank aims to raise Rs 1,092.26 crore through the IPO, comprising a fresh issuance of 4.29 crore shares valued at Rs 600.77 crore and an offer-for-sale (OFS) of 3.51 crore shares worth Rs 492.26 crore

Prior to the IPO, the company secured Rs 177.9 crore from anchor investors on November 21.