News Overview

The company's net profit for the quarter increased 20% year on year to ₹98 Crore, up from ₹82 Crore in the previous period.

In addition, by the conclusion of the second quarter, the company recorded a pending order book of roughly ₹3,847 Crore.

According to the filing, the facility arrangement was entered into to cover the VRL Group's cash flow requirements.

The price band for the IPO is set at ₹1,865 to ₹1,960 per share, with a minimum bid of 7 equity shares.

The rise is explained by the ongoing demand for air travel, even though there are still supply issues with planes.

This comes after competing private equity firms TPG Capital, Apax Partners, and KKR withdrew their original interest.

The company hence decided to defer this issue and look at a better time in the second or third week of November or or mid-January.

Despite the ban in the F&O segment, these stocks are still available for trading in the cash market.

The US dollar index, which measures the currency against six major rivals, remained stable at 103.25, close to Monday's high of 103.61, a level not seen since August 8.

Brent crude oil futures increased 24 cents, or 0.3%, to $74.49 per barrel. U.S. West Texas Intermediate crude futures fell 27 cents, or 0.4%, to $70.85 a barrel.