News Overview

As analysts of IIFL Capital Services have highlighted in the past, the price and ownership cost parity of EVs vs ICE was driven by subsidies and a favourable GST regime (5% vs 28% for ICE).

Morgan Stanley, ICICI Pru Life purchased a stake in the company.

Astra Microwave specializes in developing sub-systems for radio frequency and microwave systems used in defense, space, and other applications

Brent crude had decreased by 16 cents, or 0.2%, to $83.20 per barrel, while U.S. West Texas Intermediate crude had decreased by 18 cents, or 0.2%, to $78.91 per barrel.

Petrol and Diesel prices in cities across India on 25-08-2023

The market-wide position limit is the maximum open positions in F&O contracts of security; crossing 95% initiates the ban period

Spot gold was down 0.1% at $1,915.89 per ounce, remaining below the high set on August 10 on Thursday. It has risen 1.4% so far this week. American gold futures decreased 0.2% to $1,943.90.

The NSE regularly updates the list of banned securities based on their derivative contracts crossing the 95 % MWPL threshold

Adani Group further stated that it had the "highest-ever cash balance at portfolio level of Rs 42,115 crore"

Patrick Harker, president of the Philadelphia Federal Reserve, and Susan Collins, president of the Boston Federal Reserve, each gave interviews on Thursday.