Wed, Feb 7, 2024 2:01 PM
PSU bank shares jump up to 13% ahead of RBI MPC outcome; IOB top gainer
A Flip by Avya Verma
OrbiMed-backed Laxmi Dental on Wednesday said it has fixed the price band at ₹407-428 per share for ₹698 crore initial public offer which will hit the markets for public subscription on January 13. The company has decreased the size of its fresh issuance from ₹150 crore to ₹138 crore and expanded OFS (offer for sale) size from 1.28 crore equity shares to nearly 1.31 crore shares.
Open Flip
The U.S. is expected to release by next week a climate model for clean fuel tax credits that will sharply reduce the ability of ethanol producers to access subsidies for production of sustainable aviation fuel, three sources familiar with the matter told Reuters. The exclusion of climate-smart agricultural practices represents a reversal from the last update of the climate model.
Open Flip
Kohl’s said Friday it was closing 27 underperforming stores in 15 states by April — a fraction of its 1,150 store base — as the struggling department store aims to boost profitability and improve sagging sales. The announcement comes as the Menomonee Falls, Wisconsin-based chain has posted 11 consecutive quarters of sales declines and faces new leadership.
Open Flip
