Here are the top stories to start your day.
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⭐ MMFSL co. signs EV leasing MoU
Quiklyz, a subsidiary of Mahindra & Mahindra Financial Services (MMFSL) has signed MOUs to lease out over 1000 electric 3-wheelers to five companies. These three-wheeler EVs will be used for delivery and logistics purposes. Quiklyz handles the vehicle leasing and subscription business of MMFSL.
⭐ Keystone Realtors to debut
Shares of Keystone Realtors, a Rustomjee group company, is expected to list on the bourses on 24 November. The company’s IPO was subscribed 2 times. The retail portion saw a muted response, with the issue being subscribed just 0.5 times. The company has raised ₹635 crore through the IPO that was priced at ₹541 per share.
⭐ Office space leasing dips in October
As per a new industry report, the total leasing of office space declined 21% year-on-year in October. Only 6.7 million square feet of office space was leased across seven major cities. The Manufacturing sector leased maximum — about 22% of all the office space booked in October. This was followed by consultancy companies and BFSI. Meanwhile, Mumbai, Delhi NCR and Pune accounted for nearly 93% of all monthly leasing activity.
Global markets (at 7:30 AM today)
|SGX Nifty||▲ 0.47%|
|Nikkei 225 (Japan)||▲ 1.18%|
|Hang Seng (Hong Kong)||▲ 0.42%|
|SSE Composite (China)||▼ 0.04%|
|Dow Jones (US) (November 23)||▲ 0.28%|
|NYSE (US) (November 23)||▲ 0.35%|
|Nasdaq (US) (November 23)||▲ 0.99%|
|S&P 500 (US) (November 23)||▲ 0.59%|
Fact of the day
Starting from January 2023, all F&O stocks will be settled in T+1 i.e within 24 hours as per a new exchange circular
Source: Economic Times