News Overview

The company's revenue from power supply increased by 55% year-on-year.

The actual fiscal deficit for FY23 actually came in marginally lower at 6.32% of GDP.

The bonds are likely to be issued in small lots of Rs 5 billion to Rs 10 billion to meet capital expenditure requirements

The deal will be executed at a 3% discount to the current market price (CMP) and involves the promoter group as the seller.

The local currency began trading at 82.31 per dollar, compared to the previous day's closing rate of 82.25.

The company further stated that the aforementioned installments carried a 10% interest rate.

Brent crude futures for October were trading at $85.30 per barrel, down 13 cents or 0.15% from the previous day's closing. On Monday, front-month Brent settled at its highest since April 13.

Spot gold was down 0.1% at $1,963.04 per ounce, while US gold futures were down 0.4% at $1,962.90 per ounce.

The ban was triggered as both stocks breached the MWPL threshold of 95 %, as reported by the NSE

On the global front, US markets closed with modest gains.