The government’s initiative ONDC is providing a huge platform for growth of four key sectors, including financial services, agriculture, manufacturing, and e-commerce retail, a Deloitte report said on Thursday.
This is the second extension given by the Cabinet’s Appointments Committee to Patra.
Indian Oil Corporation Ltd’s (IOC’s) recently signed long-term liquefied natural gas (LNG) supply deal with Abu Dhabi’s ADNOC Gas is valued at $7-9 billion, the UAE-based gas major said.
The approval is for acquisition of up to 76.1 per cent shares of Suven Pharmaceuticals by Berhyanda by way of transfer of shares from existing promoter shareholders and public shareholders.
The central bank has also asked chairpersons and chief executives of banks and other financial services, which are into lending business, to make the changes effective immediately.
The investment was first announced during the US visit of Prime Minister Narendra Modi in June 2023 and construction had begun in September.
“There is no immediate deadline or cliff for FPIs to liquidate any holdings,” sources said. Sebi had earlier asked FPIs to bring down such exposure by January 29, 2024.
The previous high was recorded at 12.6 per cent growth in June 2022. The IIP growth for July has been revised to 6 per cent from 5.7 per cent provisional estimates released last month.
In October 2022, RIL said it would demerge its financial services undertaking into RSIL, which will be renamed Jio Financial Services Ltd (JFSL).
In late morning trade, the stock dived 1.62 per cent to Rs 3,551.25 apiece on the NSE. On the BSE, TCS shares declined by 1.6 per cent to Rs 3,552.60 per piece, emerging as the biggest loser among Sensex shares.