Yesterday's big news was related to GDP growth. India's GDP growth has declined to 5.4% in the July-September quarter of FY 2025. This is the slowest growth in seven quarters. Meanwhile, the Ministry of External Affairs (MEA) said that India has not received any request from the US on the legal matter related to Adani Group and the US Department of Justice.
Before tomorrow's big news, today's major events to keep an eye on…
- The stock market will remain closed today due to Saturday holiday.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. GDP growth declined to 5.4% between July and September: This was the lowest in 21 months, a year ago the economy was growing at the rate of 8.1%.
India's GDP growth has declined to 5.4% in the July-September quarter of FY 2025. This is the slowest growth in seven quarters. GDP growth has slowed down due to poor performance of the manufacturing sector. The National Statistics Office released this data today on 29 November.
Earlier, the growth in the third quarter of 2023 was 4.3%. Whereas in the same quarter a year ago (Q2FY24) it was 8.1%. In the previous quarter i.e., Q1FY25 it was 6.7%. India's GVA grew at 5.6% in the July-September quarter. GVA growth in the same quarter a year ago was 7.7%. Whereas in the last quarter GVA growth was 6.8%.
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2. No request was received from US on Adani case: Foreign Ministry gave information, America had accused Adani of bribery and fraud.
The Ministry of External Affairs (MEA) said that India has not received any request from the US on the legal matter related to Adani Group and the US Department of Justice. The Foreign Ministry has given this information in its weekly briefing on Friday (29 November).
Foreign Ministry spokesperson Randhir Jaiswal said, 'We consider this a legal matter involving private companies, individuals and the US Department of Justice. Obviously, there are established procedures and legal pathways in such cases, which we are confident will be followed. The Government of India was not informed in advance on this issue.
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3. Enviro Infra Engineers shares up 48.65% at ₹220 List: Issue price was ₹148, the company works in water and waste water treatment plants.
Shares of Enviro Infra Engineers Limited (Nov 29) were listed at Rs 220, 48.65% above the issue price on the National Stock Exchange (NSE). At the same time, the share was listed at Rs 218 on Bombay Stock Exchange (BSE), 47.30% above the issue price. Enviro Infra Engineers' IPO issue price was ₹148 per share.
This IPO was open for bidding from November 22 to November 26, which was subscribed a total of 89.90 times. It was subscribed 24.48 times in the retail category, 157.05 times in the Qualified Institutional Buyers (QIB) and 153.80 times in the Non-Institutional Investors (NII) category.
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4. Suraksha Diagnostic's IPO opens: Investors can bid till December 3, minimum investment ₹ 14,994
The Initial Public Offer i.e. IPO of Suraksha Diagnostic Limited has opened today. Investors can bid for this issue till December 3. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 6 December.
The company wants to raise ₹846.25 crore through this issue. For this, the existing investors of the company will sell 19,189,330 shares worth ₹ 846.25 crore through Offer for Sale i.e. OFS. Suraksha Diagnostics will not issue any fresh shares for this issue.
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