The stock of the country’s most valued firm by market capitalisation (mcap) climbed 2.58 per cent to settle at Rs 2,718.40 apiece on the BSE.
After slipping briefly during the late afternoon trade, the 30-share BSE Sensex made a quick recovery and jumped 178.58 points or 0.25 per cent to settle at 72,026.15. During the day, it soared 308.91 points or 0.42 per cent to 72,156.48.
The RBI has urged the public to utilise the remaining period until September 30 to deposit or exchange the Rs 2,000 banknotes held with them.
Kotak Mahindra Bank’s founder Uday Kotak stepped down as the MD and CEO with effect from September 1, 2023.
Godrej Properties purchased the land through an e-auction conducted by the Noida Authority in November last year.
Flipkart India Private Limited has reported a widening of consolidated loss to Rs 4,890.6 crore in the financial year 2022-23, according to financial data provided by business intelligence platform Tofler.
Recent banking crises in the United States, where Silicon Valley Bank collapsed, and in Switzerland where UBS was forced to acquire Credit Suisse, show that banks and regulators need to increase preparedness for rapidly unfolding crises, the Single Resolution Board (SRB) said.
The final list of prospective resolution applicants will be declared on August 19, according to the public notice issued by the resolution professional Shailendra Ajmera.
According to a statement, the growth in real GDP during 2023-24 is estimated at 7.3 per cent compared to 7.2 per cent in 2022-23.
Addressing a press conference, Boeing’s Darren Hulst said that to meet rising passenger and cargo demand, South Asian carriers are projected to quadruple the size of their fleets over the next two decades and they will require more than 2,705 new airplanes to address growth and fleet replacement.