The government plans to grant a ₹35,000 crore subsidy to IOC, BPCL, and HPCL to offset losses from selling domestic LPG at regulated prices. Despite rising input costs, the companies have kept LPG prices unchanged at ₹803 per cylinder since March 2024, resulting in under-recoveries of about ₹40,500 crore for the current fiscal year. The […]
India’s GDP growth projected to hit a 4-year low of 6.4% in FY25.
India’s GDP growth is projected to slow to 6.4% in FY25, a four-year low compared to 8.2% in FY24, according to government estimates. This falls short of the Reserve Bank of India’s revised projection of 6.6% for the fiscal year ending March 2025. The National Statistical Office (NSO) also estimates a 6.4% growth in real […]
Davin Sons Retail IPO 5.8x subscribed on Day 2; check price band, GMP, subscription, and key dates.
Davin Sons Retail’s SME IPO, which opened for subscription on Thursday, has been subscribed 5.8 times by the second day. By 11:15 am, retail investors had placed bids for 82.10 lakh shares, followed by non-institutional investors (NIIs) with 12.04 lakh shares. Qualified institutional buyers (QIBs) have not yet subscribed.