News Overview

The broader market is reflecting mixed results, with the BSE Midcap index slightly down by 0.99% and the BSE Smallcap index decreasing by 0.95%

Kotak's net NPA increased to 0.43% from 0.37% YoY at September's end, while its GNPA increased to 1.49% from 1.72% YoY.

As of 1:40 pm, the shares had recovered slightly and were trading at ₹1,017.30 down nearly 7%.

It was a light week in terms of data, but the Fed speak suggests that the Fed is prepared for any eventuality

Markets were subdued this week; but without the bank rally, the cuts in the market would have been much deeper

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.