News Overview

Spot gold dropped 0.2% to $2,738.89 an ounce. Last Thursday, the price of bullion reached a record high of $2,790.15.

The public sector corporation recorded a 19% YoY increase in net profit to ₹1,969 Crore in the first quarter of the current fiscal year.

The IPO includes a fresh issue of ₹2,395 crore and an offer-for-sale of ₹505 crore by ACME Cleantech Solutions.

The profitability of Q2 was quite low due to customs duty losses and the necessity to invest in the growth of numerous enterprises.

Swiggy aims to raise a total of ₹11,327.43 crore from this IPO, marking it as the second-largest IPO in India this year after Hyundai Motor India’s ₹27,870 crore.

According to Tuesday's comments, NTPC would build 2.4 gigawatt projects in Nabinagar in India's east and Telangana in the south.

EBITDA for the quarter increased 5% year-on-year to ₹2,280 Crore between July and September 2024, while margins improved modestly to 28.4%.

The company set aside ₹155 Crore to cover bad loans in the quarter, up from ₹41 Crore in the previous year.

The gross non-performing asset (GNPA) ratio was 2.43% in the September quarter, compared to 1.96% in the June quarter.

Scope of work includes upgrades and modifications to improve performance and extend the lifespan of DMRC's RS-1 trains.