Key Events on October 22: PM Modi’s Russia Visit, National Water Awards, and Major Financial Announcement
Key Events on October 22: Prime Minister Narendra Modi is scheduled to visit Russia from October 22-23 to participate in the BRICS summit in Kazan. During his trip, Modi will engage in bilateral meetings with the leaders of other BRICS member nations. India's Ambassador to Russia, Vinay Kumar, highlighted the importance of the summit, both for India and the global community, as BRICS continues to play an influential role in shaping international relations.
Major Q2 Financial Results to be Announced
Several key companies are set to announce their Q2 financial results on October 22, including Bajaj Finance, Adani Energy Solutions, ICICI Prudential Life Insurance, and Zomato. These results are anticipated to have a significant impact on the stock market, with investor sentiment likely to be influenced across sectors like finance and technology.
President Murmu to Confer National Water Awards
On October 22, President Droupadi Murmu will present the 5th National Water Awards in New Delhi. The awards, organized by the Union Jal Shakti Ministry, recognize water conservation and management efforts. Odisha has been named the Best State for its water conservation efforts. The awards aim to support the government's vision of a "Jal Samridh Bharat," encouraging sustainable water management nationwide.
ICICI Prudential to Discuss Fund-Raising Plans
On October 22, ICICI Prudential Life Insurance is holding a board meeting to discuss potential fund-raising plans. The company is exploring the possibility of issuing non-convertible debentures (NCDs) through private placements, which would help strengthen its financial stability and expand its product offerings. The company’s stock has already seen a 1.48% increase ahead of this meeting.
Also read: Congress Party Releases First List for Jharkhand Assembly Elections
Danish Power to Launch India's Biggest SME IPO
Danish Power, a transformer manufacturer, is all set to launch its Rs. 198 crore IPO on October 22. The IPO will consist of 52.08 lakh shares, priced between Rs. 360-380 per share. This offering is expected to be the largest SME IPO in India. The anchor book will open a day earlier, on October 21, with the subscription window closing on October 24.
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