News Overview

IPO will comprise a fresh issue of equity shares worth ₹170 crore, along with an offer-for-sale (OFS) of ₹400 crore by the company’s promoter, Sanjay Namdeo Salunkhe.

VMS TMT, based in Gujarat, will also raise funds solely through a fresh issue of 1.5 crore equity shares.

Jerome Powell underlined that there was no going back on rate cuts and the shift was now decisively dovish

In September, it was again the large cap funds that stood out, even as alpha hunting in smaller stocks took a back seat

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.