News Overview

The business declared that, within the deadlines specified, it would appeal the stated ruling to the GST Appellate Tribunal.

Backed by strong order wins over the past six quarters, NCC has seen its order book (OB) expanding to ~Rs646bn as on date (4.5x on trailing 12m revenue).

Spot gold was largely constant at $1,924.54 per ounce, while U.S. gold futures were down 0.1% at $1,944.30.

The product is bioequivalent and therapeutically equivalent to Vascepa (Reference Listed Drug) and will be produced in Bengaluru.

Delta Corp received a tax notice of Rs 11,140 crore for the company and Rs 5,682 crore for three subsidiaries

U.S. West Texas Intermediate oil futures maintained their gains for a second straight session, rising 50 cents or 0.6% to trade at $90.53 per barrel.

ONGC announced a 'term deal with HPCL for the sale of crude oil from Mumbai offshore,' on its Twitter handle.

f BAF were to raise Rs100bn, valuation at CMP would moderate by 10% to 5.0x (FY25) and leverage by 16% to 4.3x. BAF’s high profitability (~5% ROAs) will enable delivering sector-leading ROEs of ~23%, even at lower leverage.

The dollar gained ground in the global currency market as the still-hawkish Federal Reserve shocked the market by indicating that U.S. rates would need to remain higher for longer than anticipated.

The price band for this offering, which commenced on September 15, was set at Rs 135-142 per share.