News Overview

With an installed capacity of 73,824 MW (including joint ventures) and ambitions to grow to 130 GW by 2032, NTPC is the largest power utility business in India.

IndianOil is the top-ranked energy PSU in the country in the Fortune 500 of 2023, having built a footprint in nearly all of the country's oil, gas, petrochemical, and alternative energy streams.

Higher inflation restricts rate cut expectations

The IPO offers shares at a price band of Rs 119-126 per share.

Only roughly 2-5% of Jindal Stainless' present product portfolio is suitable for usage in the infrastructure sector.

Two separate term loans for the company, each for Rs 300 crore and Rs 1000 crore, are due on respective dates of November 14, 2023, and March 31, 2024.

The factory, Ashok Leyland's seventh in India, will initially have a capacity of 2500 buses per year.

Tata Steel has announced a joint agreement with the UK govt to invest GBP1.25bn for a 3mtpa EAF facility.

Analysts of IIFL Capital Services cut their EPS estimates by 2% for FY25/FY26 to factor in the slower-than-expected margin recovery, as the company intends to increase its brand investments to 8-10% range in medium term

Spot gold was dormant at $1,924.29 per ounce. At $1,946.10, U.S. gold futures were stable.