News Overview

The IPO bidding will close on Monday, May 27.

Except for the metal and pharma sectors, all other sectoral indices ended in the green. The auto, banking, and capital goods sectors each saw a 2% increase.

Foreign institutional investors (FIIs) net sold shares worth ₹686.04 Crore, while domestic institutional investors (DIIs) infused ₹961.91 Crore into the market on May 23, according to provisional data from the NSE.

The collaboration aims to leverage MG Motor India's forthcoming range of electric vehicles along with Vertelo's integrated electrification solutions for fleet operators and corporates to expedite the transition to a more sustainable transportation ecosystem.

At the operating level, EBITDA increased by 8.3% to ₹3,034 Crore compared to ₹2,802 Crore in the previous fiscal year.

Paytm ended the fiscal year of FY24 with revenue up 25% to ₹9,978 Crore, while losses decreased to ₹1,442 Crore, a 19% decrease from FY23.

Lanreotide Injection is indicated for the treatment of patients with acromegaly and gastroenteropancreatic neuroendocrine tumors.

The business run by Falguni Nayar recorded revenue of ₹1,668 Crore for the quarter, a 28% increase from ₹1,302 Crore from the same period last year.

Poor performance in its chemicals division and costs associated with the temporary shutdown of its joint venture company, AV Terrace Bay Inc., Canada, hurt the company's profitability.

Srivastava stated that the company expects substantial growth in the EV segment this year and the next, driven by portfolio expansion and geographical reach.