News Overview

In May, Mankind's board approved an equity fund raising of ₹7,500 Crore and raised borrowing restrictions to ₹12,500 Crore.

DLF saw a 214% year-on-year increase in new sales bookings to ₹6,404 Crore. The company achieved a solid operating cash flow of ₹1,849 Crore.

Radhakishan Damani's firm Derive Trading sold a portion of its ownership in tobacco company VST Industries in bulk transactions on Wednesday.

AU Small Finance Bank's pre-provisioning operating profit (PPoP) increased by 81% year on year to ₹988 Crore, up from ₹546 Crore in Q1 FY24.

As of June 30, 2024, distribution assets under management (AUM) increased by 42% year on year to ₹26,171 Crore.

The net profit for the period climbed by 28.8% to ₹851.5 Crore. The margin increased by almost 100 basis points to 8.5% from 7.35%.

The Mizoram project will include eight 300-MW units, having an annual energy generation capacity of 4,993.2 million units.

The IPO was open for subscription from July 19 to July 23, with allotments finalized on July 24.

The doubling of GDP growth compared to the sequential quarter was largely driven by a turnaround in goods output

Tata Motors stock has gained a total of 69% in the last one year, and 37% since the beginning of the year.