News Overview

IndiGo plans to contest the order, which seeks Rs 740 crore recovery for Assessment Year (AY) 2016-17 and Rs 927 crore recovery for AY 2017-18.

The IPO is intended to facilitate a partial or complete exit for government-owned Telecommunications Consultants India (TCIL), which holds a 30% stake in Bharti Hexacom.

Bajaj aims to achieve monthly sales of 10,000 units for the upcoming two-wheeler CNG model.

The securities are restricted due to crossing 95% of the market-wide position limit (MWPL), as reported by NSE.

The IPO consists of a fresh issue of 96.05 lakh shares worth Rs 292 crore and an offer-for-sale of 99.01 lakh shares worth Rs 301 crore.

IREDA IPO opened for subscription on November 21, 2023 and close today November 23, 2023.

Destocking amid falling prices, subdued sales due to Chinese dumping and sales deferral on account of the move over to just-in-time inventory — were the key reasons cited by the companies.

Despite the challenging environment due to deficit monsoon, dry spells and lower pest attacks, farm input companies performed better in the Indian market vs overseas

After RBI requested lenders to be cautious, it raised risk weights on unsecured lending.

Meanwhile, stop-gap arrangements to avoid energy crisis (S/11, kickstarting gas-based IPPs, etc.) are appreciated.