News Overview

The market saw a positive breadth with 2,696 shares advancing, 698 shares declining, and 72 shares remaining unchanged.

Income from the buyback of equity shares will now be taxed in the hands of shareholders, a change from the previous practice where the company was taxed.

Unicommerce eSolutions IPO is a mainboard IPO, and bidding for the public issue will be open until August 8.

The IPO allotment is expected to be finalised on August 9, with an IPO listing date of August 13.

The company's sales for the quarter climbed by 12% (year on year) to ₹20,284 Lacs, while EBITDA jumped by 110% to ₹4,102 Lacs.

The company recorded an 11% year-on-year decrease in iron ore production in July, with output decreasing to 2.17 million tonnes.

The board of directors authorised Shveta Arya's appointment as an additional director and managing director designate of the company.

Suzlon Energy will acquire Renom Energy Services for ₹660 Crore, making it a subsidiary of the company.

The adjusted EBITDA margin was 5% in the reporting quarter, up from 3% in the same period last fiscal year.

Ola Electric's IPO went smoothly, despite low demand for the first two days due to unfavourable market sentiment.