News Overview

Subscriptions for SRM Contractors' Initial Public Offering (IPO) were accepted from March 26 to March 28. On April 1, the IPO allotment was completed, and on April 3, the shares were listed.

75% of the offer has been allotted to QIBs, 15% to NIIs, and 10% to retail investors.

Asian equities soared on Thursday as U.S. rate cuts remained on the table, even if their timing was uncertain, while the yen fell against all currencies save the dollar, boosting Japanese stocks.

According to IndiGo, this reciprocal agreement would let both carriers offer their clients smooth connections in addition to an integrated travel schedule and other benefits.

According to preliminary data, gross advances increased by 20% to ₹2,12,758 Crore in the March FY24 quarter, with retail credit book growing by 25% and wholesale credit book increasing by 15%.

The BSE midcap index saw a rise of 0.6%, and the smallcap index recorded a gain of 1% during the session.

The forthcoming renewable energy project in Khavda, spanning 538 square kilometers, is poised to become the world's largest, underscoring AGEL's commitment to advancing India's renewable energy landscape and global environmental sustainability initiatives.

Initially open for subscription from March 7 to March 21, it resumed ongoing subscriptions and redemptions from April 2.

A 600-MW unit from MEL's Mahan thermal power plant will serve as the captive unit for this agreement, out of its total capacity of 2800 MW.

Advances for the quarter reached ₹2.28 lakh crore, while deposits amounted to ₹2.66 lakh crore, marking a quarter-on-quarter growth of 10.1% and a year-on-year growth of 22.5%.