Signature Global on Wednesday launched its initial public offer (IPO) to raise Rs 730 crore, which will be used mainly for debt reduction and business expansion.
The inflation print had last breached the 7 per cent mark in September 2022 and the previous high for the headline retail inflation rate was recorded at 7.79 per cent in April 2022.
Gold reserves were up by USD 307 million to USD 44.307 billion, the RBI said.
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The net profit rose 22.46 per cent from Rs 3,089 crore in the March quarter. The company posted a revenue of Rs 104,443 crore for the September quarter as against Rs 78,846 crore in the same period last year.
Tata Motors on Wednesday reported a 5.89 per cent rise in its total sales to 82,954 units in October 2023 compared to 78,335 units in the same month last year.
Experts expect that RBI’s monetary policy committee will keep its key policy rate — repo rate — unchanged in a bid to contain inflation.
IMF in July had estimated India’s GDP forecast at 6.1 per cent for 2023-24. However, this is lower than the RBI’s latest estimate of 6.5 per cent for the current financial year.
Countries globally would need about USD 4.5 trillion over the next 7-10 years to finance their development goals, B20 India Task Force on Financing for Global Economic Recovery, Chair, Uday Kotak said on Friday.
FMCG firm Onest Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).