Weekend Wrap: From REC to Cipla, top news and market movers this week: 28 July 2023

Top News

• The Finance ministry approved an 8.15% rate of interest on EPF accounts for the Financial year 2022-23.
• Shares of Netweb Technologies India got listed at a premium of 89% over issue price of ₹500 while the IPO of Yatharth Hospital got oversubscribed by 37 times.
• Kotak AMC, Bajaj Finserv AMC, Quant AMC, HDFC AMC and Mirae AMC have introduced NFO for Kotak Nifty Financial Services Ex Bank Index Fund, Bajaj Finserv Flexi Cap Fund, Quant Manufacturing Growth Fund, HDFC Transportation & Logistics Growth Fund and Mirae Asset Multicap Growth Fund.

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