The largest IPO in FY22 was from One 97 Communications (Paytm) for Rs 18,300 crore. It was also the largest Indian IPO ever, which will soon be eclipsed by the issue of Life Insurance Corporation of India.

“We have been passing on higher input costs successfully to OEMs and we will continue to do so because nobody can take the kind of growth or the kind of value change that has happened on the raw material side. We will definitely work together with the car marker and the collaborator to find ways and means by which we can deliver more value to the OEMs.”

According to the Draft Red Herring Prospectus (DRHP), OFS comprises offloading of up to Rs 120 crore worth shares by Wajid Ahmed and shares valued at Rs 49 crore each by Gulzar Ahmad, Mohd Mehmood Qureshi, Mohd Ashraf Qureshi and Zulfiqar Ahmad Quraishi. Besides, shares worth Rs 14 crore will be sold by Parvez Alam.

This year, the incremental (not total) EBITDA that Vedanta will generate from the change in aluminium prices (assuming spot prices for full-year) will be higher than the total EBITDA of two of the largest consumer-facing businesses (Hindustan Unilever and Asian Paints).

It is this abundant liquidity, much of which has found its way into the stock market amid dwindling returns from fixed-income instruments, which has equipped the stock market to tackle the largest overseas outflows since the Global Financial Crisis of 2008.

“We would like to enter new cities now. We are already amongst the top players in the top four cities and we intend to enter new cities in India. Sonipat is the first city in line of that strategy. For our new cities, the strategy is we would like to do plotted developments or low rise developments.”

Indices snapped their three-day losing streak after a choppy start to the day, following a largely negative trend across other Asian markets.

A total of 92,315 shares changed hands on the counter till 02:10PM (IST).

“There is the danger of languishing behind if we do not come together and come at par with China and the US which do not have that many movies but their box office collections are much higher, number of screens are much higher, 40,000 in the US, 70,000 in China. We are still at about 9,500 screens. The rationale is to bring our strengths together to give a boost to this industry.”

The total marketcap of Bitcoin was hovering around the $900 billion mark, with its total dominance in the crypto marketcap standing at a little more than 42 per cent, the data from coinmarketcap suggested.