On the second day of bidding, the public issue of Jyoti CNC witnessed a subscription rate of 3.2 times. Investors have submitted bids for 5.7 crore shares against the available 1.75 crore shares. Retail investors have showcased remarkable interest, oversubscribing their quota by an impressive 10.16 times. Meanwhile, high net-worth individuals (HNIs) secured bids that … Read more
Aarti Industries Ltd., a manufacturer of specialty chemicals, recently inked a significant nine-year deal with a global agrochemicals giant. The contract, valued at ₹3,000 crore, focuses on supplying a specialized agrochemical intermediate, with deliveries set to commence this fiscal year. Reports suggest that the agreement was likely with UPL, a prominent Indian agrochemical player, involving … Read more
The Indian economy is anticipated to experience a growth of 7.3 percent in the fiscal year 2023-24, slightly higher than the 7.2 percent recorded in the previous year. This growth is primarily attributed to the strong performance seen in mining, quarrying, manufacturing, and certain service sectors. According to the initial advance estimates released by the … Read more