The colour company, Pantone, has announced Viva Magenta 18-1750 as the Colour of the Year for 2023. According to the company, the colour comes from the red family and is expressive of a new signal of strength.
Deputy chief minister of Maharashtra, Devendra Fadnavis has tweeted from his official handle that"Chief minister Eknath Shinde handed over the land allotment letter to Sinar Mas Pulp & Paper, Indonesia for an investment of Rs 10,500 crore in Maharashtra." The project is 300 hectare land for Phase 1 and 600 hectare for Phase 2 in the Raigad district. Fadnavis added "This project will generate 7000 employment."
“NMDC’s OFS price is a good entry point for investors considering its strong business fundamentals in terms of iron ore price and demand,” said Abhijeet Bora, analyst, Sharekhan. “Also, the government s stake sale would increase the free float for NMDC and that bodes well for a potential increase of NMDC’s weightage in MSCI Index going forward.”
NMDC shares declined 3.3% to Rs 169.45 on Tuesday. The stock is currently trading at a Price to Book (P/ B) Value a valuation measure of 1.72 times, which, according to analysts, is not expensive.
The government currently owns a 68.29% stake in the company. Its stake will come down to 60.8% if investors subscribe to the entire issue.