News Overview

The IPO is offered in a price band of Rs 113 to Rs 119 per equity share.

Indian Oil Corporation (IOC) would manufacture nearly 75 kg of hydrogen.

Excluding deal-related amortization expenses, the Biogen Biosimilars deal could add 24% and 29% to Dr. Reddy’s FY24 revenue and profits on a pro-forma basis.

The company stated that 350 tons of high-quality and uniform-thickness aluminum foil is required for the production of 1GWh (Gigawatt-hour) of LFP.

Analysts of IIFL Capital Services earnings estimates now factor normalised levels of margins across companies.

These are the fund categories across debt, equity, passive and hybrids that have an AUM (assets under management (AUM) of more than Rs. 1 lakh crore (1 trillion).

Spot gold was down 0.1% to $1,914.61 per ounce, while U.S. gold futures were down 0.2% to $1,933.30.

U.S. West Texas Intermediate crude futures were trading 1 cent lower at $89.67 and Brent crude futures were down 11 cents at $93.18 a barrel.

The euro dropped overnight by 0.5% as U.S. rates increased, reaching a six-month low of $1.0575 and heading for its worst quarterly decline in a year, down roughly 3%.

Currently, approximately 80% of enterprise use cases can be executed on 4G LTE networks.