The Reserve Bank of India sold government securities worth ₹39.85 billion in the week ending July 26, marking its third consecutive week of bond sales. This increase follows earlier sales of ₹27.35 billion and ₹34.05 billion, signaling the RBI's strategy to manage excess liquidity amid persistent inflation.
The industry plays a significant role in global pharmaceutical exports, with India contributing over $25 billion.
EuroGroup Laminations is expanding its global presence by acquiring a 40% stake in India's Kumar Precision Stampings and forming a joint venture with Hixih Rubber Industry Group in China.
SEBI's intensified focus on disclosures has compelled IPO-bound companies to accurately list promoters, leading to revisions through addendums to their Draft Red Herring Prospectuses (DRHPs).
Under the terms of the new agreement, the parties have adjusted the acquisition details, reducing the equity interests to be acquired from 49% to 42.33% and the payment amount from 1.13 billion yuan to 975.7 million yuan.
In an exchange filing, Tata Motors projected that domestic demand will experience gradual growth due to continued infrastructure investments, healthy monsoons, and positive macroeconomic conditions.
Ola Electric's IPO has garnered over $2 billion in bids for the $330 million institutional allocation. Key investors include SBI, HDFC Mutual Funds, Nomura, and Norges Bank, reflecting strong market confidence in the company's future.
Hero Fincorp has filed a draft prospectus with SEBI for a Rs 3,668 crore IPO. The offering includes a fresh issue of shares worth Rs 2,100 crore and Rs 1,568 crore through an OFS.
The company's organic, constant currency net sales fell by 16.8%, largely due to reduced retailer inventory levels in North American and international markets.
On August 1, Nifty closed above 25,000, and Sensex ended higher, buoyed by a surge in energy stocks. The Nifty rose 0.24% to 25,010, while the Sensex gained 0.15% to 81,867.
Showing 110 of 161 articles