The newly launched Gland Pharma IPO, has attracted 21% of investors on it’s second day since the launch. Only 4% investors took confidence in the shares on the launch day. A total of 63.53 lacs of bid has been received against 3.02 Cr shares.
Indian stocks are soaring highs for consecutive day as Pfizer’s covid 19 vaccine gives hope of recovering economy, NSE nifty 50 saw a high by 1.36% ending at 12,631 while BSE ended at 43,277. Rise has been observed in Sensex from last 7 days and total of 3660 points surge is reported.
Finance Minister urges to issue Rupay Cards only as first option and has also Advised to compute all the Aadhar Card numbers linked to Pan Cards with their respective accounts. The deadline for completion of the task is set to 31st December 2020.
Central Government has released Rs 6195.08 Cr as a compensation for loss which were witnessed by 14 States.
Top industries like Adani Group, Piramal Enterprises along with US based Oaktree and Hong Kong based SC Lowy has submitted a price higher from 10-70% in return of stake or buying of assets after DHFL plans to transfer the rights, interest of projects worth RS43,879 cr to settle dues with bank.
The reforms related to labour market and issuing clearance to licence applications has caused the British firms to invest in Indian market despite the pandemic and the investment rose by 12% within one year creating over 5500 jobs within 120 projects, the total investments made during April to June is calculated to be approximately 140 million GBP as per the report.
Newly elected US present if restores GSP status of our country, and scraping the small trade deal will help our country to focus on better trade deals with US and letting the Government if India know how to proceed with businesses.