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The company on Tuesday informed stock exchanges that a board meeting would be held on this Friday, November 25, in Ahmedabad to consider and approve the proposal of raising of funds

The Dow Jones Industrial Average rose 109.8 points, or 0.33%, at the open to 33810.05

The Dow Jones Industrial Average rose 109.8 points, or 0.33%, at the open to 33810.05

In the absence of any major event, the performance of the global indices, especially the US markets, will dictate the market trend. Besides, the upcoming expiry of November month derivatives contracts would keep the participants busy. Meanwhile, we suggest continuing with a stock-specific trading approach and focusing on sectors that are showing resilience in the recent dip.

Analysts tracking the grey market said low subscription levels, large dependency on the parent company, muted financial performance and increasing losses leave little excitement among investors.Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.

In early November, the regulator proposed a cloud framework for its regulated entities, highlighting key risks and control measures that need to consider before adopting cloud-based solutions.The proposed framework outlines the regulatory and legal expectations from Sebi-regulated entities (REs) if they adopt cloud computing solutions

“As far as the Indian IT services and the product and capital companies are concerned, we have not started seeing any massive layoffs as of now but having said that, will this kind of trajectory continue into the future for the next few quarters as well? At this point in time, we have no visibility because the attrition levels are still high, especially at mid and senior level.”

Indian states today raised an aggregate of 149.63 billion Indian rupees ($1.83 billion) through a sale of bonds maturing between four years and 25 years. States have raised only about 70% of the notified funds so far in this financial year, as per Reserve Bank of India data.

The sector saw a visible drop in employee additions in the last quarter and job listings have also slowed down considerably from the peak levels in the March quarter, indicating the pain points that companies are likely seeing for business in key markets.

The Nifty Bank index closed 0.26 per cent up at 42457.05.