News Overview

The company is raising Rs 500 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.

The company’s EBITDA jumped 29% y-o-y to Rs 664.40 crore.

Profitability to remain strong over the year-ago quarter.

Nilesh Gupta, Lupin MD, Reaffirms Commitment to Quality Standards

By extending the yield range and allowing the 10-year rate to increase by up to 0.5% in December of last year, the BOJ shocked the market.

The issue committee of its board of directors approved the launch of the issue for bids on July 27.

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in HDFC Transportation and Logistics Fund.

Brent crude was down 59 cents, or 0.7%, to $83.65 per barrel, but it was still on course for a weekly gain of 5%.

American gold futures increased by 0.1% to $1,947.30 for an ounce.

The local currency started the day at 82.27 against the dollar, lower than the previous close of 81.93.