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President Droupadi Murmu Tuesday showcased fearlessness, decisiveness and stability among the hallmarks of the Modi government and emphasised these strengths have not only helped it tackle numerous challenges and played a crucial role in delivering transformative governance to the country, but also allowed the world to look towards India with high hopes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L1uefcU

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The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. This would be the slowest in three years. Nominal growth is likely to be forecast at 11% for 2023-24, the source added. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ye1DNPZ

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Institutional investors are fully backing the Rs 20,000-crore follow-on public offer (FPO) for Adani Enterprises (AEL) even though the stock is below the offer price. However the company is not sure how retail investors will look at the issue at the current market price. However, it is confident some high net worth and ultra-high net worth investors (UHNIs) will participate in it. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/I0jFQCt

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Amid speculation that Adani Enterprises may be forced to amend its Rs 20,000-crore follow-on public offer after a plunge in its stock price, the company clarified that its FPO remains on schedule at the set issue price. The flagship of the Adani Group had fixed the FPO at Rs 3,112-Rs 3,276 per share. However, on Friday, the first day of retail bidding for the FPO, the stock closed at Rs 2,762 on BSE. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ON9W8Ac

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Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/keyPjNh

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