Following the enforcement of the Insolvency and Bankruptcy Code (IBC), over 26,000 insolvency petitions in India, amounting to ₹9.33 lakh crore, have been withdrawn before they could be taken up for consideration in court. In the aviation sector, IndiGo has announced plans to introduce upper-tier seating, upscale meals, and a frequent flyer program by late 2024 as part of its strategy to compete with Air India on international routes.
In the stock market, initial public offerings (IPOs) are experiencing a surge in momentum. Companies such as Tata Technologies, Flair Writing Industries, and Gandhar Oil Refinery witnessed their shares fully subscribed upon their market debut. Amidst this activity, key market indices like the Sensex and Nifty are under close watch.
State Bank of India's (SBI) share price has become a focal point in the stock market, trending as a top stock along with various expert investment strategies and stock advice featured in recent market news updates.
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