Diffusion Engineers IPO Subscription, KRN Heat IPO Subscription Status: According to RBI report, Indian banks issued 9.20 lakh new credit cards in August (vs 7.55 lakh in July). Total number of credit cards now stands at 10.55 crore (15.6% year-on-year growth). HDFC, ICICI, and Axis Bank have the highest number of credit card.
IPO And Business News Updates
Diffusion Engineers IPO has been subscribed 7.16 times. Retail subscription: 11.24 times. Open till 30 Sept.
KRN Heat IPO has been subscribed 58.17 times. Retail subscription: 55.53 times. Open till tomorrow (27 Sept).
NTPC: company’s subsidiary, NTPC Green Energy, formed a JV with energy firm MahaPreit to build 10 GW of renewable energy projects.
Bank of India has raised Rs 2,500 cr through an unsecured bond issue at an interest rate of 7.49%.
Torrent Power: Gujarat Urja Vikas Nigam has bought 7.28% shareholding in the company.
Biocon: has partnered with Saudi Arabia-based Tabuk Pharma to sell its diabetes and chronic weight management drugs in the Middle East region.
NBCC: got infrastructure projects worth Rs 75 crores from IIIT Nagpur.