News Overview

The board of Abbott India recommends a final dividend payment of ₹410 per equity share of ₹10 each for the fiscal year ended March 31, 2024, pending approval from shareholders

The IPO, which commenced on Wednesday, May 8, is set to conclude on Friday, May 10. The price band for the issue is fixed at ₹875 to ₹920 per equity share.

The subscription period started on May 8 and ends on May 10, with a price band of ₹300 to ₹315 per share.

The RBI received 47 offers totaling ₹28,464.954 Crore for the 6.18% GS 2024 securities but only accepted 10 offers worth ₹437.053 Crore at a cut-off price of ₹99.59.

The number of non-management positions, which include craftsmen, clerks, and supervisors, decreased by 25% while executive and managerial jobs decreased by 6%.

The low-cost carrier's management has also given the striking employees the assurance that it will investigate the concerns brought up by the union.

In the upcoming days, an official announcement is anticipated. Tata Motors is being advised by Bank of America.

Spot gold was up 0.1% at $2,347.98 per ounce. The price of gold has increased by 2% this week. Gold futures increased by 0.6% to $2,354.10.

U.S. West Texas Intermediate crude increased 41 cents, or 0.5%, to $79.64, while Brent futures increased 37 cents, or 0.4%, to $84.24 a barrel.

Bharti Enterprises' shareholding in ICICI Lombard decreases from 2.43% to 1.63% following the stake sale.