Retail inflation or CPI rose to a 15-month high of 7.44 per cent in July from 4.81 per cent in June. The government has mandated the central bank with keeping CPI at 4 per cent, with a comfort band of +/- 2 per cent.
At 58.4 in October, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated a slowdown in expansion as against 61 in September, signalling the slowest rate of growth since March.
By 11.40 am, JFSL shares were trading 4.33 per cent higher on NSE, at Rs 222.70.
At the interbank foreign exchange, the domestic currency opened at 83.17 and traded between a peak of 83.10 and a low level of 83.21 against the greenback during intra-day deals.
Jagdishan was appointed the MD and CEO of the bank in 2020 in place of Aditya Puri, the founder CEO of the bank.
The 30-share BSE Sensex jumped 594.91 points or 0.92 per cent to settle at 64,958.69. During the day, it rallied 628.76 points or 0.97 per cent to 64,992.54.
The decision to stop diversion of sugar cane juice and sugar syrup for ethanol production, taken to ensure enough sugar supply in the country and keep prices of the sweetener in check, led to concerns that the ethanol blending programme could be affected.
FMCG major Nestle India Ltd on Thursday reported an increase of 36.86 per cent in its net profit at Rs 698.34 crore for the second quarter ended June 30, 2023.
The revision of norms comes after a review of the instructions and consideration of various judgments and orders from the Supreme Court and High Courts, as well as representations and suggestions received from banks and other stakeholders, the central bank said
In its annual report for FY23, the largest private sector lender said the CEO was paid a basic salary of Rs 2.82 crore, allowances and perquisites of Rs 3.31 crore, a provident fund of Rs 33.92 lakh and a performance bonus of Rs 3.63 crore