Today, July 22nd, promises to be a busy day in the Indian economic and political landscape. Several significant events are scheduled to unfold, impacting various sectors and attracting widespread attention.
Financial Results and IPOs:
The day will see the release of Q1FY25 financial results by a number of prominent companies. Notable among them are Coforge, Cyient DLM, Jana Small Finance Bank, Zensar Technologies, Mahindra Logistics, IDBI Bank, Indian Overseas Bank, Suzlon Energy, and UCO Bank. Investors and market analysts will be closely monitoring these results to gauge the companies’ financial performance and future prospects.Simultaneously, several initial public offerings (IPOs) are set to open for subscription. Two noteworthy IPOs include:
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[Company Name 1]:
Fresh issue of 67.44 lakh shares. Price band: ₹ 98 to ₹ 105 per share. Subscription period: July 22, 2024, to July 24, 2024. Book-running lead manager: Choice Capital Advisors Pvt Ltd. Registrar: Skyline Financial Services Private Ltd. Market maker: Choice Equity Broking.–
[Company Name 2]:
Fresh issue of 71.43 lakh shares. Price band: ₹ 200 to ₹ 210 per share. Subscription period: July 22, 2024, to July 24, 2024. Book-running lead manager: Pantomath Capital Advisors Pvt Ltd. Registrar: Link Intime India Private Ltd.
Economic Survey and Parliament Session:
A key highlight of the day will be the presentation of the Economic Survey 2023-24 by Union Finance Minister Nirmala Sitharaman. This event coincides with the first day of the monsoon session of Parliament. The Economic Survey serves as a comprehensive report on the Indian economy’s performance during the fiscal year ending March 31. It provides insights into the government’s financial management, economic trends, and potential policy changes for the future.
Court Proceedings:
The legal arena will also see significant developments. A Delhi court’s extension of judicial custody for AAP leader and former deputy chief minister Manish Sisodia in connection with the alleged excise policy scam comes to an end today. The Supreme Court will hear a public interest litigation (PIL) seeking a court-monitored investigation into the electoral bonds scheme. In Bengaluru, a court has extended the ED custody of former Karnataka minister Nagendra, who was arrested in connection with the Valmiki scam.
Andhra Pradesh Assembly Session:
The second session of the 16th Andhra Pradesh Legislative Assembly is scheduled to commence. Assembly Speaker C Ayyannapatrudu has directed officials to ensure all necessary arrangements for the five-day session. This session will witness the participation of 88 new MLAs and nine MLCs.These events are expected to generate considerable interest and media coverage, shaping the course of Indian politics and economy in the days to come.
