Shares of Kotak Mahindra Bank fell more than 2% on Monday after it named veteran banker Ashok Vaswani as managing director and CEO following founder Uday Kotak’s resignation.
It has signed an MoU to develop a one-gigawatt green hydrogen project, involving an investment of around Rs 30,000 crore.
The notice refers to matters relating to industry-wide issues, the company said, adding that it will file an appropriate response within the prescribed timelines.
The service, which will be developed by a subsidiary of the central bank, will directly compete with similar services offered by American companies like Amazon, Google and Microsoft.
Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL.
On the domestic equity market front, Sensex rose 92.47 points or 0.14 per cent to settle at 66,023.24 points. The Nifty advanced 28.45 points or 0.14 per cent to 19,811.85 points.
Five companies raise over Rs 7,300 crore this week; 26 cos get SEBI nod to raise Rs 29,000 crore
Given the outrage and the immediate adverse impact, the DGFT issued a notification Friday that now gives the industry a three-month reprieve.
The Ministry also said that a fuller transmission of the monetary policy, which essentially means pass-through of the central bank’s rate hikes to consumers by banks, may also temper domestic demand.
Indices opened with minor cuts on January 24 amid mixed cues from the global markets. BSE Sensex opened 205.06 points, or 0.29 per cent lower at 70,165.50 and NSE Nifty traded 53.50 points, 0.25 per cent 21,185.30. The indices rebounded later during the trading session.