News Overview

The project is valued at ₹1,864.71 Crore and is scheduled to be completed within 36 months from the notice of commencement date, as stated in a regulatory filing on May 22.

The Pune-based insurer offered its shares in an initial public offering (IPO) priced between ₹258-272 per share, with a minimum lot size of 55 shares.

Operational revenue was ₹11,978.11 Crore, a 2.5% decrease from ₹12,285.6 Crore in the same period previous year.

Brent crude futures dropped 27 cents, or 0.3%, to $81.63 a barrel. West Texas Intermediate (WTI) futures for the United States were down 0.5%, or 35 cents, to $77.14.

WPI inflation for April 2024 showed a strong bounce with prices bouncing across food, fuel, and manufacturing baskets

Spot gold remained steady at $2,377.48 an ounce. On Monday, gold reached a record high of 2,449.89. At $2,378.20, gold futures were down 0.6%.

Asian markets mixed after US Fed minutes indicated inflation concerns and limited interest rate cut expectations.

Here are some of the stocks that may see movement today: Nykaa, Jubilant Foodworks, Ramco Cements, Grasim Industries, Gland Pharma, Power Grid, etc.

During their meeting on April 30-May 1, Fed officials expressed their continued belief that pricing pressures will subside, even if they did so gradually.

The IPO will remain open until May 26, 2024, at which time the final subscription status will be announced.