News Overview

Yes Bank has initiated operations with a restricted user group utilizing the @ptyes identifier.

In the issue, the company offered its shares in the price band of ₹280-295 per share with a lot size of 50 shares. Through the IPO, the company aimed to raise ₹601.55 Crore, which included a fresh issue of ₹250 Crore and an offer-for-sale (OFS) of up to 11,917,075 equity shares.

BAT CEO Tadeu Marroco stated that he is not aiming to dilute any more interest since BAT wants to maintain an impact on the ITC board.

The business also stated that a subsidiary, Hinduja Tech, has inked a formal deal for Creador to spend $50 million to acquire a 19.6% ownership in the company.

Transrail is an engineering, procurement, and construction company with integrated manufacturing facilities for lattice structures, conductors, and monopoles, boasting over four decades of experience in providing comprehensive solutions on a turnkey basis globally.

Assets under management (AUM) reached ₹633.7 Crore in FY23, reflecting a growth of 27.80% over the previous year but experienced a decline of 6.47% compared to FY21 when it was ₹495.8 Crore. For the six-month period ending September FY24, the net profit stood at ₹16.8 Crore, with net interest income at ₹38.65 Crore and total income at ₹88.3 Crore. The AUM during this period amounted to ₹733.7 Crore.

Shareholders eligible for the dividend are those whose names appear in the Register of Members or Depositories by March 19, 2024.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.

The banned stocks include Aditya Birla Fashion and Retail, BHEL, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, SAIL, Tata Chemicals, and ZEEL.

In Asian markets, trading was lower on Friday following the news of faster-than-expected growth in producer prices in the US, indicating potential economic challenges ahead.