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Delhi-headquartered Jungle Camps India (JCIL) has filed the draft red herring prospectus (DRHP) with market regulator SEBI to raise funds via the initial public offering (IPO) route.

The results show the progress Nomura has made in shifting toward a fees-based profit model in order to secure more consistent revenue that is less subject to market swings

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 23.93 per cent and 15.03 per cent, respectively.

The Reserve Bank of India has announced that foreign investors will no longer have unrestricted access to newly issued Indian government bonds with 14-year and 30-year tenors. This change takes effect immediately and the RBI has not provided a reason for the decision

The Relative Strength Index of the stock stood at 61.18 on Tuesday.

The stock quoted a 52-week high price of Rs 1476.9 and low of Rs 997.4.

See, palm oil has another role of other than edible oil, it also goes for biofuel and both Indonesia, Malaysia has a certain mandate for biofuel. So, B20, B30, now B40, they are planning. So, what happens is that any such announcements jacks up the prices, otherwise palm should be stable going forward.

NLCIL has ambitious capacity expansion plans. It earns a fixed return on equity of 14% on its captive mining segment and 15.5% on its power generation segment. The power plants have long-term PPAs with a regulated two-part tariff structure. This takes care of the recovery of all fixed expenses, including debt obligation.

Mahindra and Mahindra experienced strong revenue growth in Q1 FY25, driven by impressive results in the tractor and automotive sectors. While revenues increased by 16% year-on-year, profits remained flat or declined by up to 14%. Analysts noted better EBITDA margins due to a favorable mix, despite higher advertisement expenses for new model launches.

Gaurav Kochar from Mirae Asset Investment observed that large banks coped better with deposit mobilization challenges than smaller ones. Tight liquidity persisted, but credit growth was steady. Rising funding costs are expected to impact margins. Potential RBI guidelines might affect earnings, with larger banks likely to manage the liquidity situation more effectively.