News Overview

The company aims to use the net proceeds from the IPO towards funding working capital requirements and other general corporate purposes.

Despite the decline, Hyundai's Chief Operating Officer, Tarun Garg, highlighted that SUVs now contribute to 70% of the company’s overall sales.

The project aims to construct 10,000 MW of renewable energy capacity (6,000 MW solar and 4,000 MW hybrid) in Bikaner, Jaisalmer, and others.

In the mini car segment, which includes models like Alto and S-Presso, sales increased slightly to 10,363 units, compared to 10,351 units in September 2023.

The government appears to be going slow on capex, but revenue expenditure is still quite buoyant

Furthermore, the underframes are composed of bespoke stainless steel tubes. This move lowered container weight by about 500 kilogrammes.

The IPO, with a face value of Rs 2 per equity share, is a combination of fresh issues of up to Rs 420 crore and an offer for sale of up to 2.7 million equity shares.

Sales of medium and heavy commercial vehicles (M&HCVs), including exports, during the previous month amounted at 11,077 units.

Godrej Properties stated that the board has approved the raising of capital in an amount not exceeding Rs 6,000 crore.

According to earlier reports, NTPC's renewable energy subsidiary is slated to conduct its IPO in the 1st week of November.