News Overview

The collaboration aims to bring agility, customer-centricity, and operational efficiency to the insurance sector, focusing on Life and Annuity (L&A) and Property & Casualty (P&C) insurers

Grasim Industries is taking necessary steps to comply with the order and expects no significant impact on profitability

134 bids were submitted for the issue, demonstrating a more diverse level of interest. Investors included business entities, insurance firms, mutual funds, provident funds, pension funds, and more.

The capital will be raised through securitization of cash flows from four operational Special Purpose Vehicles up to March 2034.

Investors have the opportunity to bid for a minimum of 50 shares in one lot and in multiples thereafter.

Price band set between Rs 113-119 per share. IPO raised Rs 1,260 crore from anchor investors.

The SPV was given to Sterlite Power in August through tariff-based competitive bidding.

Through a partnership agreement inked in August 2022, JSW Steel and New Zealand-based NSH established NSL Green Recycling together.

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).