Moneycontrol Selects: Top stories this evening

MC selects-A daily round-up of the most interesting articles

Here is a collection of the most important stories this evening:

India's current account deficit narrows to 0.7% of GDP in FY24; Q4 shows 0.6% surplus

India’s current account deficit moderated to 0.7% of the GDP in FY24, compared with 2% in the previous years, on account of higher services trade and greater net portfolio inflows before India’s inclusion in the global bond index, data released by the Reserve Bank of India showed on Monday. Read More

Sebi recalls earlier directive on PEs relinquishing special rights ahead of listing

The market regulator Sebi has recalled its earlier directive asking investment bankers to ensure that special rights given to shareholders of IPO bound companies are lapsed when the updated draft red herring prospectus (UDRHP) is filed. Read More

Hyundai effect? Italian auto component maker Carraro Group picks 3 i-bankers, kickstarts India IPO prep

Days after South Korean giant automaker Hyundai Motors filed a detailed red herring prospectus (DHRP) for a record shattering Rs 25,000-crore IPO of its Indian arm, another global MNC from the auto & auto component segment is weighing a listing of its local operations. Read More

MC Selects

Borosil announces QIP at floor price of Rs 331.75 per share

Borosil Ltd on June 24 said its board approved Qualified Institution Placement (QIP) at floor price of Rs 331.75 per share. Read More

Tata Motors' demerger of CV, PV businesses to secure synergies across biz verticals: Chairman N. Chandrasekaran

Talking about its luxury arm, JLR, Tata Motors stated that it will continue to double down on its journey to become a premium luxury OEM and continue to invest in products and technologies. Read More

Zimbabwe tour: Shubman Gill to lead India in five-match T20I series

Senior players competing in the ongoing T20 World Cup in the Americas, including captain Rohit Sharma, Virat Kohli, Hardik Pandya, Suryakumar Yadav, Ravindra Jadeja and Jasprit Bumrah have been rested ahead of a gruelling season. Read More