News Overview

The collaboration aims to optimize costs through joint research and development, catering to the growing public transport sectors in India and Malaysia.

Orient Technologies' IPO subscription status indicates a significant reaction from primary market investors.

Sector-wise, the power index fell by 1%, and sectors like pharma, oil & gas, auto, and IT ended marginally lower.

The approval covers both two-wheelers and three-wheelers, making Bajaj Auto the only company to get approval for all its requested products under the PLI scheme.

The ₹600.29 Crore IPO comprised a fresh issue of 22 lakh shares worth up to ₹200 Crore and an Offer For Sale (OFS) of 44 lakh shares valued at ₹400.29 Crore by the selling shareholders.

Paytm is also seeking approval for the reappointment of Ravi Chandra Adusumalli, Elevation Capital's Founder and Co-Managing Partner.

The scooter now features iGo assist technology, an intelligent start-stop system, and an integrated starter generator.

Among the top gainers in the Nifty are Grasim, Tata Consumer Products, Bharti Airtel, and Hero Motocorp.

Investors can bid for a minimum of 72 equity shares and in multiples thereafter.

The Fed minutes on August 21, 2024 gave the first clear hint that rate cuts would happen in September