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To be sure, the size of municipal budgets in India are much smaller than peers in other countries, while revenues are dominated by property tax collections and devolution of taxes and grants from upper tiers of government, resulting in lack of financial autonomy.

Dealers tracking the grey market said DCX Systems is a standout among all listing contenders in the near term – thanks to its pure fundamental strength

Puneet Chhatwal, Managing Director & CEO, IHCL, said the sector was on the cusp of an upswing, and growing inbound tourism coupled with an increase in the number of government delegations and international conferences bodes well for the sector and IHCL.

The company has an aggregate installed generation capacity of 4,160 MW comprising 2,730 MW of gas-based capacity, 1,068 MW of renewable capacity and 362 MW of coal-based capacity.Further, renewable projects of 715 MW are under development, for which LOAs (letter of award) have been received and PPA (Power Purchase Agreement) has been executed

The Securities and Exchange Board of India (Sebi) has amended the chapter that deals with bank account details for payment of fees of the NCS (Issue and Listing of Non-Convertible Securities) rules, according to a circular.The issuers would also have to mention the purpose for which remittance was made and details about the registered office address of the remitter.

The Dow Jones Industrial Average jumped 908 points, or 2.8%. The S&P 500 jumped 3.6%, while the Nasdaq surged more than 4.9%.

The company said it is committed to maintain this upward trend and continue to show improved performance. DCI aims to record its highest-ever turnover of Rs 1,000 crore for the current financial year.Shares of the company closed 0.56% lower at Rs 357 a scrip on the NSE on Thursday.

The PSU’s revenue from operations jumped 8.42% at Rs 1,702.36 crore in Q2, compared to Rs 1,570.11 crore in the same period of last fiscal. While total expenses of the company stood at Rs 1,604.52 crore in the second quarter of FY23 against Rs 1,504.17 crore in the same quarter of FY22.

The company had posted net profit of Rs 83 crore in the corresponding period of the last financial year.Revenues in the period under review went up 30% to Rs 18,261 crore. The company said this was the highest ever revenue for any quarter.

“The steel industry has been in a death spiral,” Bimlendra Jha, the newly appointed managing director of JSPL told ET. He was referring to the sharp and continuous dip in steel prices that has followed after the alloy reached historically high prices in April this year.