Q2 Results: A Busy Day for Investors
Get ready for a flurry of financial updates as 164 companies are scheduled to announce their Q2 FY24-25 results today, November 8. This includes some of India’s major players like State Bank of India (SBI), Life Insurance Corporation of India (LIC), MRF, Ashok Leyland, Tata Motors, Vedanta, GE Vernova T&D India, and Ola Electric Mobility. Investors will be closely watching these reports to gauge the health of India’s economy and the performance of individual companies.
Swiggy IPO Continues its Journey
The initial public offering (IPO) of Swiggy continues to attract investors. On the second day of subscription, the IPO was subscribed 35%, according to BSE data. This means that bids have been received for 5,57,09,140 shares, compared to the 38,70,64,594 shares on offer. Retail investors have shown strong interest, with the quota for them receiving 84% subscription. While the non-institutional investor quota saw 14% subscription. Keep an eye out for updates on the final subscription numbers as the IPO process progresses.
Political Scene Heats Up in Maharashtra
Prime Minister Narendra Modi will be hitting the campaign trail in Maharashtra today, aiming to bolster the BJP’s campaign for the upcoming state assembly elections. He is scheduled to address nine rallies over the next week, kicking off his engagements with a public meeting in Dhule. With the polls just around the corner, these rallies are expected to be significant for the BJP’s electoral prospects in the state.
Congress Launches ‘Delhi Nyay Yatra’
The Congress party is launching its month-long ‘Delhi Nyay Yatra’ today, aiming to put pressure on the AAP government on various issues and regain its lost ground in the capital ahead of the upcoming assembly polls. This yatra will start from Rajghat and will be attended by senior Congress leaders, including party president Mallikarjun Kharge, Rahul Gandhi, and K C Venugopal.
Legal Developments at the Supreme Court
The Supreme Court is set to hear several crucial cases today. These include:
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Himachal Pradesh’s plea on the Shanan Hydropower Project:
The court will hear Himachal Pradesh’s objections against Punjab’s lawsuit to prevent the Congress government in Himachal from claiming possession of the Shanan Hydropower Project.*
Jharkhand’s illegal immigration issue:
The Supreme Court will consider the Jharkhand government’s plea against the High Court’s order to set up a fact-finding committee to examine allegations of illegal immigration into Jharkhand from Bangladesh.Global Market News
In a significant move, Nvidia is set to replace Intel in the Dow Jones Industrial Average, effective today, November 8. This reflects the rapid rise of Nvidia in the AI boom and its increasing relevance in the tech sector. With a market value of $3.32 trillion, Nvidia’s inclusion signals a shift towards stronger and more relevant companies in the index.
Stay tuned for updates on these top events and more throughout the day. This is just a glimpse of the exciting developments shaping the world around us.
