Sensex Today | Share Market Live Updates: Sensex gains 300 pts, Nifty adds 100

Byju’s, the Indian ed-tech company, has presented a proposal to fully repay its outstanding $1.2 billion term loan in a remarkably short period of six months. This strategic move comes as a response to an ongoing dispute with its lenders, which has persisted for nearly a year.

Unnamed sources, providing insights to Bloomberg, have disclosed that Byju’s has outlined a plan to repay $300 million within the initial three months, subject to the acceptance of the proposed amendment. The remaining balance would be settled in the subsequent three months. Nevertheless, lenders are currently closely examining the proposal, especially focusing on the sources from which the repayment will be made. It’s important to note that LiveMint has not independently verified this report. (Read More)

The government is looking at further easing foreign direct investment (FDI) norms in the space sector to attract overseas players, a top official said on Monday.

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech.

“There is tremendous scope for collaboration… such as in artificial intelligence, robotics, cyber security, automation and space, where we are looking to further liberalise our foreign direct investment norms to bring in private sector and foreign investment in our space sector,” Singh said at the India-Saudi Arabia investment forum meet here. (PTI)

ITI share price surged over 17% to hit a 52-week high on Monday’s trading session after the company announced about its own laptop and micro PC brand ‘SMAASH’ in partnership with Intel Corporation. ITI share price today opened at ₹125.70 apiece on BSE. ITI stock price gained nearly 1% in its early trade today. Following the news of its debut of two new products at noon, the stock price jumped by over 10% to 17%.

According to Rajesh Bhosale – Equity Technical and Derivative Analyst, Angel One, ITI stock has seen strong positive momentum up 15% with strong volumes. Overall this counters has been in a strong uptrend and expected to continue perfrormance in near term. Immediate support is ₹135 and ₹165 is next possible target. (Read More)

IRB Infrastructure Developers Ltd (IRB) on Monday said its revenue from toll collection grew 24 per cent to ₹417.2 crore in August 2023.

Toll collection stood at ₹336 crore in the same month last year, IRB said in a statement.

Out of its 13 tolls, IRB MP Expressway in Maharashtra contributed the major share of ₹141.1 crore to the total revenue collection, it said.

On a month-on-month basis, the collection was up 14 per cent from ₹365 crore in July 2023.

Amitabh Murarka, Deputy Chief Executive Officer of IRB said, “We have added Hyderabad ORR project. We expect the toll revenue to pick up pace, in view of the forthcoming festival season along with likely commencement of toll collection on newly bagged Samakhiyali Santalpur BOT project in Gujarat.” (PTI)

In August 2023, equity mutual funds experienced a significant surge in net inflows, reaching a five-month high of ₹20,245.26 crore. This marked a substantial increase compared to the ₹7,625.96 crore inflow observed in July 2023, as per data from the Association of Mutual Funds in India (AMFI). However, debt mutual funds saw outflows amounting to ₹25,872 crore…