RETURN OF THE DEBT FUNDS IN APRIL 2024: Like in previous cases, the month after the end of the quarter resulted in a phenomenal surge in inflows into debt funds. April 2024 was no different. After seeing massive outflows of ₹1.98 Trillion in March 2024, we saw a sharp rebound in April 2024 as debt funds saw net inflows of ₹1.90 Trillion.
Open Flip📌Tata Motors recorded consolidated net profit of Rs 17,407 crore for the Q4FY24. 📌Union Bank of India has registered a 19% on-year growth in net profit for Q4FY24. 📌Zydus Lifesciences has received final approval from USFDA to market Dexamethasone tablets in the US. 📌JSW Steel reported consolidated crude steel production for April 2024 at 21.21 lakh metric tonnes.
Open FlipTBO Tek IPO, aiming to raise ₹1,550.81 crore, which opened for subscription on May 8 and closed on May 10, is a combination of a fresh issue of 0.43 crore shares aggregating to ₹400 crore and an offer for sale of 1.25 crore shares aggregating to ₹1,150.81 crore. The TBO IPO allotment status is set to be finalised later today.
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