News Overview

The Q1FY25 GDP was lower along expected lines and full year GDP may trend closer to 7%

A 20 bps upgrade in US Q2 GDP and flat PCE inflation at 2.5% make a strong case for aggressive rate cuts by the Fed

Earlier this month, the company raised ₹37 Crore from Volrado Ventures Partners Fund II in a pre-IPO placement, reducing the fresh issue size.

After modest infusion by FPIs last week into equities, this week saw FPIs turn decisive net buyers of $2.82 Billion

Investors can purchase shares in lots of 28 equity shares, and additional shares can be bought in multiples of 28.

The IT sector once again led the Nifty and Sensex higher in the week with oil & gas joining the party

In India, the push for renewable energy is gaining pace as the country seeks to boost its reliance on non-fossil fuel-based electricity.

The latest GDP data in the US is a signal that the hard landing is not happening; and a go-ahead for rate cuts

Additionally, there was a 4.2% decrease in electricity use from July, which suggests fewer cooling appliance uses.

August sales for the car major were 71,693 units, down 8% year over year from 78,010 vehicles sold in the same month of the previous fiscal year.