Shares of private lender Dhanlaxmi Bank dropped as much as 9% on Monday before recovering partially, after Sridhar Kalyanasundaram, an independent director, quit over the weekend.
Insurance companies such as LIC, Bajaj Allianz, ICICI Prudential, ICICI Lombard, Star Health and Allied Insurance along with other companies such as Maruti Suzuki, Akzo Nobel, Sheela Foam are among those that have received GST show cause notices in the last few months.
The total defaulted loans (including write-offs but excluding loans recovered from write-offs in three years) amount to Rs 10.32 lakh crore, according to back-of-the-envelope calculations.
At the release of a report by industry body FICCI — ‘Hidden Streams: Linkages Between Illicit Markets, Financial Flows, Organised Crime and Terrorism’ — Agarwal said these issues have “socioeconomic implications and undermine national security”.
The company had posted a net profit of Rs 2,061.5 crore in the second quarter of FY23, Maruti Suzuki India said in a statement.
While the firm did not disclose the interest rate, data from the National Securities Depository Ltd showed the three-year bond carried an annual coupon of 10 per cent.
Wipro’s consolidated revenue from operations declined marginally to Rs 22,515.9 crore in the reported period from Rs 22,539.7 crore it registered in the September 2022 quarter.
The central bank has proposed removing the Additional Factor of Authentication (AFA) requirement for transactions up to Rs 1 lakh for the following categories: Subscription to mutual funds; payment of insurance premium; and payments of credit card bills.
Domestic equities jumped higher on Thursday after it’s after two days of decline amid a recovery in global markets after oil prices and US yields eased.
While the cost of a vegetarian thali was Rs 27.9 in September as against Rs 33.8 in August, non-vegetarian thali came down to Rs 61.4 from Rs 67.3 during the same period.