News Overview

The allocation of shares is divided: 50% for QIBs, 35% for retail investors, and 15% for NIIs. Investors can place bids for a minimum lot of 157 shares.

The NFO is available for subscription from October 10 to October 24.

The project is being executed on an Engineering, Procurement, and Construction (EPC) basis, with a construction timeline of 30 months.

The fund will invest in the portfolio of predominantly in equity and equity related securities of multinational companies (MNC).

WABAG's excellent track-record with RIL for almost 3 decades and a technically superior & competitive bid ensured this repeat order win.

The Fed statement on September 18 may have looked simple, but the 50 bps rate cut had its own detractors and sceptics

The Adani Enterprises QIP follows a similar institutional share sale of Adani Energy Solutions Limited at the end of July.

The NSE updates the list of banned securities in the F&O segment daily based on their position limits.

The euro fell to its lowest level since August 13, while the dollar remained near its highest level since August 15.

Brent oil prices increased 37 cents, or 0.5%, to $76.95 per barrel, while U.S. West Texas Intermediate (WTI) futures rose 35 cents, or 0.5%, to $73.59 per barrel.