News Overview

Centre’s net direct tax collection grew 24.3% to Rs 8.77 trillion – 62% of the FY23 target – during the April-November period.

In their latest research note, analysts at IIFL Capital Services look at Bharti’s requirements in low-frequency (LF) bands.

Elin Electronics IPO is opening for subscription from December 20-22. The company has fixed the issue price at Rs 234-247 per share and lot size at 60 shares.

Capco, a Wipro company, will provide strategic management and technology consulting services to Middle Eastern financial services firms.

Today, the price of ten grams of 22-carat gold is Rs 50,300

PFL will look at inorganic investments for business expansion. Five other bidders have also shown interest in the business.

On NSE, the IT, Consumer Goods, Metal, FMCG index were under selling pressure has plunged between 0.7-0.1%.

According to the statement, the funds will be used, among other things, to fund capital expenditures, refinance current debt, and other general business purposes

TGP Capital will be selling 10-11% of its stake in RR Kabel through an initial public offer (IPO). The company is planning to file DRHP in May 2023.

FPI flows in November 2022 marked a sharp bounce back as nearly $4.45 billion were infused into Indian equities by these global investors. This was a welcome relief after two months of tepid flows from FPIs.