Top news of the week: India's World Cup defeat, IPO frenzy, Singhania family dispute and more
₹2.59 lakh crore in the five recently concluded mainboard initial public offerings (IPOs). The week-long bidding frenzy gripped investors as the five companies -Tata Technologies Ltd., Gandhar Oil Refineries Ltd., Fedbank Financial Services Ltd., Flair Writing Industries Ltd, and Indian Renewable Energy Development Agency (IREDA) Ltd sustained the IPO pulse in India's primary markets. Read more The Indian civil aviation regulator Directorate General of Civil Aviation has issued an advisory to Indian airlines on Global Navigation Satellite System (GNSS) interference in airspace.
Read more India resumed e-visa services to Canadian nationals on Wednesday. In September, the Indian Mission in Canada temporarily halted visa services until further notice due to operational reasons, as noted by BLS International. Read more Former OpenAI CEO Sam Altman is set to make a comeback, successfully thwarting a recent boardroom coup that had plunged the company into disarray over the past few days.
Read more With flight operations being impacted due to a scarcity of spare parts amid global supply chain challenges, Indian airlines are turning to local suppliers for non-critical aircraft components, industry insiders said. Read more The Delhi government has increased the minimum monthly wages of unskilled, semi-skilled, and skilled workers for the Municipal Corporation of Delhi (MCD), PTI reported citing officials aware of the development. Read more It has been reported that the government is investigating the legality of moving the unclaimed money from the Sahara-Sebi Refund Account to the Consolidated Fund of India.
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