The initial share sale received bids for 3,12,64,91,040 shares against 4,50,29,207 shares on offer, as per NSE data.
On stressed assets, RBI Governor Shaktikanta Das said one major impediment for implementing a successful resolution plan has been the absence of a vibrant market for stressed assets in the country.
India posts 7%-plus growth rate for the third time in a row
Digital lenders have been accused of charging high interest rates and using illegal recovery measures. There are hundreds of unauthorised digital lenders which are outside the RBI’s purview.
HDFC Bank became the second largest company in terms of market cap after Reliance Industries Ltd (RIL).
At the interbank foreign exchange, the rupee opened at 83.37 against the dollar and then touched 83.38, registering a gain of 2 paise over its previous close.
The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, Wipro said in an exchange filing.
US technology company NVIDIA and billionaire Mukesh Ambani’s Reliance Industries on Friday announced a partnership to build AI supercomputers in India.
State-owned Indian Bank posted a 41 per cent increase in net profit at Rs 1,709 crore in the April-June quarter, mainly due to decline in bad loans.
Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.