Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement.
The IMF has reclassified India’s “de facto” exchange rate regime to “stabilized arrangement” from “floating” for December 2022 to October 2023 following an article IV review of the country’s policies. The rupee has moved between 80.8 and 83.4 range during the period.
Updater Services’ IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 1.33 crore equity shares by a promoter and existing shareholders.
Shares of HCL Technologies on Friday jumped 2 per cent on the bourses, a day after the IT major announced its September quarter results.
This is the highest level since July 2017 — when investment through the route stood at Rs 1.35 lakh crore, data from the Sebi showed.
This is the second such instance in the past 18 months. In June 2022, DGCA had imposed a penalty of Rs 10 lakh on the Tata Group-owned airline over violation of regulations pertaining to boarding denials.
Kia India will not hike the prices of its entry-level model Sonet.
Life Insurance Corporation (LIC) on Tuesday said it has acquired 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group.
DIAL had also said 55,000 tonnes of CO2 emission is equivalent to planting about 15 lakh trees.
Das said consumer price index (CPI) inflation has moderated from a peak of 7.8 per cent immediately after the onset of the Ukraine-Russia war and has come within the RBI’s target range of 2-6 per cent.