- The government has approved a ?1,000 crore venture capital fund for the space sector, to be gradually distributed over five years to support startups.
- India's manufacturing PMI rose to 57.4 in October (up from 56.5 in September), while the services PMI increased to 57.9 (up from 57.7), indicating growth in both sectors.
- Godavari Biorefineries IPO is 0.54 times subscribed overall, with retail subscriptions at 0.96 times. It closes tomorrow (October 25). Meanwhile, CNG companies may see gas procurement costs rise by ?2-3 per kg, according to CRISIL.
- The government plans to sell whole chana and masur dal at subsidized rates under its ‘Bharat’ grocery brand.
- Godavari Biorefineries IPO is currently 0.27 times subscribed, with retail subscriptions at 0.48 times and open until October 25.
- Waaree Energies IPO was subscribed 76.34 times overall and 10.79 times by retail investors; it has now closed.
- Deepak Builders & Engineers IPO was subscribed 41.54 times overall and 39.79 times by retail investors; it has also closed.
- India's entertainment industry faces annual losses of around ?22,400 crore due to piracy, with 51% of consumers accessing pirated content, according to EY. Retail sales grew by 5% year-on-year in September, led by food and grocery at 12%, jewelry at 8%, and consumer durables and electronics at 6%.
- Hyundai Motor India's IPO listed at 1.33% below its offering price. The People's Bank of China cut key lending rates in October, lowering the 1-year rate to 3.1% and the 5-year rate to 3.6%.
- Waaree Energies IPO was subscribed 3.32 times overall and 3.17 times by retail investors; it was open until October 23.
- Deepak Builders & Engineers IPO was subscribed 4.12 times overall and 6.12 times by retail investors; it also closed on October 23.
- Waaree Energies IPO was subscribed 8.81 times overall and 6.39 times by retail investors; it is now closed.
- Deepak Builders & Engineers IPO had an overall subscription of 12.04 times and retail subscription of 16 times; it closed on October 23.
- Tech Mahindra: Net profit up 153% year-on-year to ?1,250 crore for July-Sept; declared ?15 dividend, record date November 1.
- Kotak Mahindra: Net profit rose 13% year-on-year to ?5,044 crore for July-Sept.
- Oberoi Realty: Secured ?1,348 crore in bookings from its new residential project in Thane.
- Bajaj Housing Finance: Net profit increased 21% year-on-year to ?545.6 crore for July-Sept.
- Hindustan Zinc: Net profit rose 34.59% year-on-year to ?2,327 crore for July-Sept.
- Zomato: Net profit surged 389% year-on-year to ?176 crore for July-Sept; plans to raise ?8,500 crore through a QIP.
- Adani Energy Solutions: Net profit up 144.66% year-on-year to ?674.96 crore for July-Sept.
- Godrej Properties: Net profit surged 401.81% year-on-year to ?335.21 crore for July-Sept.
- SBI Life: Net profit rose 39.25% year-on-year to ?529.42 crore for July-Sept.
- Bajaj Finserv: Net profit up 8.19% year-on-year to ?2,086.97 crore for July-Sept.
?? Nifty Midcap 100: -4.94%
