News Overview

The IPO allocation is as follows: at least 75% of the offer is reserved for qualified institutional buyers (QIB), a maximum of 15% for non-institutional investors (NII), and a maximum of 10% for retail investors.

In its recent report, Edelweiss Asset Management explores how social media has contributed to the growth in mutual funds.

It further stated that the total amount of demand is ₹5.51 Crore, including interest of ₹2.99 Crore.

These fall within IIHL's major BFSI campaign. After more than nine or ten months of development, the planned deal is currently at an advanced stage.

JSW Energy's shares closed more than 4% higher on April 2 at ₹542 on the NSE.

According to the company's annual report, Goenka was paid a total of ₹35 Crore in FY23. This amount consisted of ₹21 Crore in salary and benefits, ₹9 Crore in variable pay, ₹5 Crore as a one-time payment, and ₹0.2 lakh as a provident fund contribution.

U.S. West Texas Intermediate (WTI) crude futures for May increased by 17 cents, or around 0.2%, to $85.32 a barrel, while Brent futures for June delivery increased by 20 cents, or 0.22%, to $89.12 per barrel.

After reaching its highest levels in over five months in the previous session, the U.S. dollar decreased by 0.1%, lowering the price of gold for holders of other currencies.

Analysts of IIFL Capital Services upgrade FY25/26 EPS by 2-3% to account for higher margins led by the Pen-G project and their TP of Rs1,330 (19x 2YF EPS) implies 21% upside. Although analysts of IIFL Capital Services base case assumes an OAI/WL on Eugia Unit-3, an import alert will lead to 5-7% downgrade to their Ebitda estimates in the worst-case scenario.

the euro increased by 0.02% to $1.0772, moving away from a low reached more than a month ago during the previous session when the US dollar experienced some profit-taking late into the night.