News Overview

Savings account customers in the ₹5-25 Crore slab receive interest rates of up to 7.75%.

IPO price band: ₹26 to ₹28 per equity share

GoI seems to have removed the ad-hoc subsidy on DAP, raising the subsidy on “P” by 38% instead.

MSIL said that its exports this month totaled 28,927 units, up from 17,207 units the previous year.

The study stated that an administrator might be appointed to oversee essential areas of the bank's operations.

Analysts of IIFL Capital Services recently cut their FY24 MHCV growth estimate from 10% to 6%; this may see further cut.

This week, start-ups raised $381 Million led by Shadowfax, Capillary, NewSpace, Kushal, Zeno Health, MSWIPE.

Ola Electric aims to raise ₹5,500 Crore through its IPO, with plans to allocate ₹1,600 Crore for research and development (R&D).

Analysts of IIFL Capital Services forecast the overall loan growth to ease to 13-14% in FY25 due to deposit constrain (13% YoY).

Grants & shareable taxes from centre have been stable at 6-6.5% of GDP since FY16.