News Overview

Anchor bidding for the IPO will begin on October 24, a day before the public issue opens.

FPIs withdrew $(2.26) Billion in the week, taking the FPI selling in Indian equities to $(9.25) Billion in October 2024

This preferential issue is expected to boost Reliance Infrastructure’s net worth from ₹9,000 Crore to ₹12,000 Crore and significantly reduce its debt.

Gaurav Gogoi, the MP for Jorhat, praised the board's decision but emphasized the importance of doing a thorough analysis of the circumstances.

Alembic Pharmaceuticals continues to grow its footprint in the US, with this approval contributing to its robust portfolio of generic medications.

As of October 18, foreign investors had sold ₹77,000 crore worth of Indian stocks, the most they had ever sold in a single month.

The gross non-performing asset (GNPA) ratio was 3.18% in the September quarter, compared to 3.32% in the June quarter.

In the second quarter, EBITDA increased by 27.5% to ₹813.8 Crore, with an EBITDA margin of 61.7%, up from 52.4% the year before.

The total IPO size is ₹260.04 Crore, with ₹217.21 Crore raised from the issuance of fresh shares and ₹42.83 Crore allocated for the OFS.

The SBI Nifty India Consumption Index Fund offers an opportunity to participate in consumption theme, passively