News Overview

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.

Top losers in the Sensex are IndusInd Bank, Kotak Mahindra, Asian Paints, and Titan Company.

According to the company, the GDSs program and its partnership with Citibank will be terminated due to a lack of activity in recent years.

The company's revenue from operations climbed by 8.3% to ₹2,068.9 Crore, up from ₹1,910 Crore the previous fiscal year.

"In the current fiscal, we will save around ₹750 crore in interest costs, and after that we will have the benefit of ₹1,000 each year," Goel told ET.

The price band for the Unicommerce eSolutions IPO is set between ₹102 to ₹108 per equity share. The IPO is proposed to be listed on both BSE and NSE.

PFC has declared an interim dividend of ₹3.25 per equity share for the fiscal year 2024-25, based on the face value of paid-up equity shares of ₹10.

Brainbees Solutions aims to raise ₹4,193.73 Crore through this IPO, with ₹1,666 Crore to be raised via the issuance of fresh shares.