Tue, Sep 17, 2024 11:47 AM
SpiceJet Rebounds After Initial 5% Drop Following ₹3,000 Crore QIP Launch
A Flip by Avya Verma
The Northern Arc Capital IPO is the more popular choice among the two offerings in the mainboard segment. Market analysts believe that the company serves a demanding and highly profitable market segment. Despite the intention to repay, access to capital has historically been a challenge for the lower end of the Indian market.
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HSBC downgrades ONGC to "reduce" with a target price of ₹235, citing a bearish view on the oil sector due to falling prices, declining production rates, and unrelated capital expenditures. ONGC's shares were flat on Thursday, despite the Indian government slashing windfall taxes on petroleum crude to zero.
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Geojit Financial Services's report on Daily Agri Picks. The Union Cabinet today approved a tentative 244.75-bln-rupee nutrient-based subsidy for the 2024-25 rabi season (Oct-Mar) for phosphatic and potassic fertilisers. The subsidy on phosphatic and potassic fertilisers will be provided based on approved rates for rabi to ensure smooth availability of these to the farmers at affordable prices.
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