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The company plans to sell 6.8 percent of the equity capital at a floor price of Rs 125 per equity share and given an option to sell 8 percent of the company if the issue over subcribes

Despite a 60 basis point (0.60 percent) increase in policy rates between September 2022 and September 2023, corporate debt servicing, as measured by the interest coverage ratio (ICR), improved from 4.49 in September 2022 to 5.64 in September 2023. This suggests that higher lending rates have not negatively impacted the debt-servicing capacity of Indian firms. The interest coverage ratio is a measure of a firm's ability to service its debt.

Semiconductor giant AMD has inaugurated its largest global design centre in Bengaluru which will employ about 3000 engineers Earlier this year, Micron announced setting up an assembly, testing and packaging plant in Gujarat. These moves position India across the semiconductor value chain a critical industry essential for digital devices. India's focus on chip design, backed by initiatives like Productivity-Linked Incentives and skill development, complements its aspiration to become a significant player in the semiconductor market.

Sectors that were in focus include banks, auto, IT, oil & gas, and capital goods. Selling was seen in realty and consumer durable stocks.

UltraTech Cement has acquired the cement grinding assets of Burnpur Cement in Jharkhand for Rs 169.79 crore. The acquisition involves 0.54 million metric tonnes per annum (mtpa) of cement grinding assets located at Patratu in Jharkhand. The deal was executed at a consideration of Rs 169.79 crore.

The central government has issued a fresh Request for Proposal (RFP) for the appointment of an asset valuer for the strategic sale of IDBI Bank. The last date for submitting bids is January 5, following the cancellation of the previous bid process due to low bidder interest.

Zee Entertainment on Wednesday called the news item captioned “Sony-Zee Merger Risks Collapse Over Eleventh-Hour CEO Drama: Report” "factually incorrect."

Sharekhan recommended Hold rating on Greaves Cotton with a target price of Rs 136 in its research report dated November 28, 2023.

ICICI Securities is a subsidiary of ICICI Bank, wherein the latter holds around 75% stake in the former.

The expansion drive comes ahead of this week's U.N. climate summit COP28, where France and the United States are expected to clamp down on financing for coal plants, a move that India, dependent on coal for 73% of power generation, plans to oppose.

The company is expected to seek bids this week for notes due in two-, three- and five years, the people said, who asked not to be identified as the details are private

Bank Nifty has been the laggard, but I think it should slowly start catching up. 61% retracement of its entire fall would come in at around 44,740, that is going to be the initial hurdle. We will wait to see that being surpassed and then we can probably look at it also testing the highs if it gets past that level.

The momentum also helped the stock to reclaim 50-DMA on the daily charts in seven trading sessions. The index broke down from the short-term moving average on November 16

Tata Tech IPO: Based on the current GMP trends and the likely demand for the shares even post-listing, it won't be a surprise if the Tata Tech stock doubles over the IPO price on the first day itself

The blockbuster debut saw the government-owned firm’s market capital nearly double to Rs 16,124 crore

Cybercriminals impersonating TRAI, CBI, and Mumbai police deceived an Infosys executive, coercing him to transfer Rs 3.7 crore. The elaborate scam involved false allegations, threats of arrest, and a staged video call, prompting a police investigation into the incident.