News Overview

In its exchange filing, company said, “...has finalised allocation of 51.4 lakh equity shares to anchor investors at ₹321 per equity share.”

The shares implied a 57.7% premium when they were listed at Rs 440 on the NSE and Rs 442.25 on the BSE.

The business also said that the appointment was made for a three-year term, beginning on the day he assumed responsibility for his position.

In October, J Kumar Infraprojects received an order of ₹1,847.72 Crore in Thane, Maharashtra.

The approval enables Lupin to offer a generic version of Descovy pills, which were originally produced by Gilead Sciences Inc.

The firm has withdrawn its proposed ₹450 Crore rights issuance, citing the need for more funding to sustain its expansion objectives.

While the Fed cut rates by another 25 bps in December, Powell cut the outlook to just 2 rate cuts in 2025

With higher inflation expectations and benign jobs scenario, few rate cuts may be warranted in the future

After falling more than 2% overnight to reach its lowest level since November 18, spot gold was barely altered at $2,588.80 per ounce.

Brent futures had dropped 33 cents, or 0.45%, to $73.06 a barrel. At $70.22, U.S. West Texas Intermediate crude dropped 36 cents, or 0.51%.