Fri, Nov 8, 2024 9:13 AM
MGL ventures in battery cell manufacturing, plans giga factory in Bengaluru
A Flip by Shubhangi Gupta
Swiggy IPO GMP, Subscription Status Day 3 Latest News Today (November 8): Swiggy's IPO closes for subscription today, following a modest response from investors with a 0.12 times subscription rate on the first day. The IPO aims to raise Rs 11,327.43 crore through a mix of a fresh issue, valued at Rs 4,499 crore, and an offer for sale of 17.51 crore shares worth Rs 6,828.43 crore.
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Soon, students pursuing higher studies at quality Higher Education Institution (QHEIs) will be eligible for collateral-free loan from banks and financial institutions to cover full amount of tuition fees and other expenses related to their higher studies. On November 6, the Union cabinet approved the PM-Vidyalaxmi scheme that aims to cover over 22 lakh students a year.
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The US Federal Reserve voted to slash its key lending rate by 25 basis points on November 7, following a larger cut of half a percentage point seen in September. The new federal funds rate is in the range of 4.5 percent to 4.75 percent. This is likely to be positive for the IT and pharma sectors, although the Indian markets likely priced in the development alrady.
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