News Overview

The IPO consists of a fresh issue of 4.18 Crore shares and an offer for sale (OFS) of 1.19 Crore shares.

Finance Minister Nirmala Sitharaman is presenting the first Union Budget of the Modi 3.0 government.

Focused on the manufacturing sector, this scheme aims to stimulate job creation

This initiative will be conducted over a span of four years.

The provision coverage ratio also increased to 96.96% as of the June quarter, up from 96.85% in the same quarter last fiscal.

Gross non-performing assets (NPAs) stood at 2.62% in the June quarter, compared to 2.11% in the March quarter.

Over the past year, Coal India Limited (CIL) stock has risen by an impressive 111%, and it has gained 27% since the beginning of the current year.

We expect that the budget will introduce policies aimed at stimulating investment, fostering innovation, and driving overall economic growth.

In the broader market, currency movements were muted as traders anticipated central bank meetings in the United States and Japan next week.

The credit facility, amounting to ₹2.96 billion, will be used for the upcoming solar photovoltaic (PV) and battery storage project in Uzbekistan.