RBI said that at the time of reset of interest rates, Regulated Entities (REs) should provide an option to borrowers to switch over to a fixed rate as per their board-approved policy.
Nageswaran said that tier-2 and 3 cities, including Kerala’s capital, have become game-changers in helping startups flourish in the country due to improvements in infrastructure and supportive policies of the government, according to a KSUM release.
“The company has exchanged correspondences and continues to be in discussion with the lenders for the next steps/waivers. The existing debt as payable by September 30, 2024, is Rs 7,174 crore,” the filing said.
The shorter settlement cycle of T+0 is being considered for the equity cash segment as an optional mechanism in addition to the current T+1 (Trade plus one day) cycle.
Maruti Suzuki Q1 Results: On a quarterly basis, the carmaker’s net profit declined 5.2 per cent to Rs 2,623.6 crore.
ICRA, which estimates Q2 GDP growth at 7 per cent topping the Monetary Policy Committee’s forecast of 6.5 per cent, said growth may slow down in the second half of the financial year ahead of the elections as the impact of slowing capex and tempering of demand because of monetary tightening shows through in full.
The BJP’s victory has raised the market’s expectation of political stability after the 2024 Lok Sabha elections.
As companies fend off tax demands, DGGI says cases booked using “data analysis”
SpiceJet’s stock jumped 4.22 per cent in the intraday session to touch Rs 40 on BSE. At the time of writing, the shares were trading 2.24 per cent higher at Rs 39.24.
“We plan to add another 675 this year in SURU locations that will take the total number of branches in these locations to over 5,000. Overall, the Bank plans to add 1,500 to 2,000 additional branches during the year,” he said.