Business world News

+DreamFolks IPO was subscribed 1.96 times on day 1. Retail investors subscribed to the issue 7.93 times the reserved portion.

+10-year Indian government bond yield rose to 7.2858% on Wednesday as the Brent crude contract rose to its highest level in 3 weeks.

+Chinese electric car company BYD is reportedly planning to enter the mainstream Indian EV market.

Infosys: has leased about 5 lakh sq. ft. office space in Bangalore to expand its operations.

ONGC: has relaunched its tender for the sale of KG field gas.

Reliance Industries: the annual general meeting will be held on Aug 29.

TVS Motors: will invest Rs 85.41 cr to acquire a 48.27% stake in startup DriveX.

IDFC: Mahendra N Shah will replace Sunil Kakar as IDFC’s MD.

Godrej Agrovet: has inked MoUs with 3 states including Assam for the development and promotion of oil palm cultivation.

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