Shares of Mahindra & Mahindra Financial Services Limited (MMFSL) tanked 10 per cent on Friday following RBI's action. This is the biggest fall in Mahindra Finance share price since March 2020.
The board-approved amalgamation of subsidiaries is Tata Steel Long Products Limited, Tinplate Company of India Limited, Tata Metaliks Limited, The Indian Steel & Wire Products Limited, Tata Steel Mining Limited, and S & T Mining Company Limited.
Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade. Tata Steel, Hindustan Unilever, Sun Pharma, Infosys, HCL Technologies, and Dr. Reddy were the gainers
At the interbank foreign exchange, the rupee opened at 81.08 against the greenback, then fell further to 81.23, registering a fall of 44 paise over its previous closing.
Reliance Industries news: Its proprietary technology enables high-efficiency solar modules that can produce 20 per cent more energy over the 25-year lifetime of a solar project at significantly lower installed cost.
Neha Narkhede, the co-founder of streaming data technology company Confluent, has been named the youngest self-made woman entrepreneur on the list of wealthy individuals.
The advent of new-age logistics firms deploying the latest technology has disrupted the country’s complete supply chain universe, which is now experiencing a transformation.
Maharashtra's Laxmi Co-operative Bank will cease to carry on banking business, with effect from the close of business on September 22, 2022, a statement from RBI said.
Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite.
Among the 30-share Sensex pack, Bajaj Finserv, HDFC, Wipro, HDFC Bank, Tech Mahindra, HCL Technologies, Power Grid, and ICICI Bank were the major laggards. ITC, Maruti, IndusInd Bank, and Hindustan Unilever were among the gainers in early trade.
At the interbank foreign exchange, the local currency was trading at 80.47 against the dollar, down 51 paise from its previous close.
DoT's bill proposes to exempt "press messages that are intended to be published in India" of correspondents accredited to the central or state government from interception.
Wipro: Its chairman Rishad Premji, who has been a vocal critic of moonlighting, said the company has no place for any employee who chooses to work directly with rivals while being on Wipro payrolls.
Rishi Kamlesh Agrawal has been arrested on charges of duping a consortium of 28 banks of Rs 22,842 crores of bank fraud, CBI sources said.
Adani has acquired the two firms through a Mauritius-based SPV Endeavour Trade and Investment Ltd (ETIL), which is owned by Xcent Trade and Investment Ltd (XTIL).
Among the 30-share Sensex pack, IndusInd Bank, Infosys, HDFC, ICICI Bank, TCS, and Kotak Mahindra Bank were the biggest laggards. However, Nestle, Hindustan Unilever, Maruti, and Mahindra & Mahindra were among the gainers.
At the interbank foreign exchange market, the rupee opened at 79.81 against the greenback, then fell to 79.82, registering a decline of 8 paise over its last close.
The ban on exports assumes significance as it appeared that the overall sown area under paddy this Kharif season could be lower than that of last year.
NaBFID was set up by the government last year to support the development of long-term infrastructure financing in the country. Kamath also said all the necessary policies and frameworks related to NaBFID have been done.
At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close.
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