News Overview

The IPO, which opened for public bidding yesterday, has received bids for 15,24,36,771 shares, much exceeding the 2,10,79,384 shares that are available.

According to the statement, the project, which is expected to cost around Rs 1,800 crore, will provide power at a competitive rate.

The state-run telecom provider unveiled a spam-blocking program that automatically weeds out and stops fraudulent SMSs and phishing attempts.

In Sensex, top gainers include ICICI Bank, Nestle, Bharti Airtel, Infosys. Top losers include SBI, Tata Steel, IndusInd Bank, Tata Motors. 

Established in 1925, Raymond's company, which also consists of its engineering and real estate divisions, separated its lifestyle section earlier this year

The neighbouring steel plant of Jindal Steel and Power Ltd (JSPL) in Angul would supply slag to the facility.

In the second quarter of FY 2025, Paytm reported a profit of Rs 930 crore, exceeding forecasts.

Major Indian cities including Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, and Pune were most affected by this surge.

The company will use net proceeds from the IPO towards repayment/pre-payment of debt of the company and for other general purposes.

The allotment of shares is expected to take place on October 24, 2024, with the IPO likely to be listed on October 28, 2024.