News Overview

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.

Adani Ports and Special Economic Zone handled 35.4 MMT of total cargo in February, marking a 33% growth compared to the previous year.

Finolex to acquire 15.30% equity share capital of HROPL for group captive generation, allowing it to procure 8.36 MW of green power for 25 years.

The project is set for commissioning within 18 months from the date of signing the power purchase agreement

Predictably, the decision to maintain output cutbacks was made with the intention of supporting poor oil prices.

As per NSE regulations, ZEEL is placed on the F&O ban list as it exceeded 95% of the market-wide position limit (MWPL)

Spot gold was down 0.2% at $2,080.09 an ounce, from its peak of $2088.19 on Friday, December 28.