News Overview

The foreign exchange market witnessed contrasting moves on Wednesday.

A consortium of Gensol Engineering, Matrix Gas and Renewables Limited, has emerged as the winning bidder for 237 MW hydrogen electrolyser manufacturing capacity under PLI Scheme.

National Green Tribunal has disposed of a suo-moto application filed against Aether Industries in relation to a fire incident at its plant in Surat.

Consolidated EBITDA for the quarter stood at ₹7,992 Crore, marking a 31% increase year-on-year, demonstrating strong operational performance.

At the conclusion of the June quarter, Vedanta owned 64.92% stake in Hindustan Zinc, the majority of which was pledged.

With robust net inflows, Indian mutual funds saw aggressive churn action in equities during July 2024

It was about lower food prices, but also about the high base effect, so this sharp fall in inflation may be a one-off

According to the NSE, the derivative contracts for these securities crossed the 95% MWPL threshold, triggering the ban period on the exchange.

IRCTC reported a 32.5% on year increase in net profit for the quarter ended June to ₹307.72 crore from ₹232.21 crore

The market breadth was positive, with 1,553 shares advancing, 854 shares declining, and 133 shares remaining unchanged.