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IKIO Lighting Limited plans to raise funds worth Rs 607 crore through initial public offering (IPO). The subscription for the IPO opens on June 6, 2023 and closes on June 8, 2023 (5:00 p.m.). The IPO comprises of fresh issue of ...
India Ratings and Research (Ind-Ra) said in a report that it estimates steel demand to grow in the range of 7%-9% YoY for FY24 compared to 12% in FY23. The growth is primarily driven by a continued rise in government ...
El Nino is likely to play an important role with respect to Indian monsoon season in FY24 and Indian agriculture sector, according to CareEdge Ratings. Indian agriculture sector, which employs 60% of the population and contributes 18% to India’s gross ...
Revenue growth of Corporate India is expected to decline to 10-12% year-on-year for the fourth quarter (Q4) of FY23 from 22.8% in the same quarter of fiscal 2022 due to continued headwinds to exports impacting volume growth, and high-base effect, ...
The Reserve Bank of India’s Monetary Policy Committee (MPC) met on 3rd, 5th and 6th April 2023 and assessed the macroeconomic situation and its outlook. Following are the key highlights of the monetary policy meeting. • The Monetary Policy Committee ...
The financial performance of Indian banks has continued to improve in the past few years and it bodes well for the sector’s intrinsic risk profiles, according to global rating agency Fitch Ratings. The rate of improvement in terms of asset ...
Benchmark stock indices closed lower due to losses in financial services stocks and some index heavyweight such as RIL, Maruti Suzuki and Nestle India. The Sensex fell 0.51% and the Nifty was down 0.56%. In broader markets, the Nifty Midcap ...
Benchmark stock indices closed with modest gains, helped by rise in IT stocks amid investors remaining cautious after the Federal Reserve officials’ hawkish comments. The Sensex rose 0.23% and the Nifty 50 index edged up 0.12%.In broader markets, Nifty Midcap ...
Indian IT services industry is expected to see a growth slowdown in the near to mid term due to macroeconomic headwinds resulting in lower discretionary IT spends, rating agency ICRA said in a report. ICRA expects revenue to grow moderately ...
Cement companies in India are expected to see their revenue increase by 12-14% in FY23, supported by higher volume growth and better realisation, according to a report by ICRA. However, higher input costs such as power, fuel, raw material and ...