News Overview

Since the IL&FS crisis, market access for many NBFCs was either cut-off or had become disproportionately expensive.

After a subdued previous week, the start-up funding scenario more than doubled in the latest week to September 29,2023.

As the name suggests, the UTI Innovation fund would be a thematic fund with a flexi-cap stock selection preference.

Brent futures for December delivery were down 34 cents, or 0.4%, at $90.37 per barrel.

Electric vehicle sales, including international markets, were at 6,050 units.

The IPO will consist of a fresh issue component valued at Rs 325 crore by the company and an offer-for-sale (OFS) of 79 lakh shares by promoter Krishan Lalit Bansal.

Petrol and Diesel prices in cities across India on 03-10-2023

Rupee Opened at 83.21 a dollar compared to the previous close of 83.04

It reported zero car and van sales in September, compared to 246 units in September 2022.

The net proceeds from the fresh issue will be utilized to establish eight new showrooms, with the remaining funds allocated for general corporate purposes.