SpiceJet and Credit Suisse had told the Supreme Court on August 18, 2022 about the resolution of their financial dispute which led to the withdrawal of an appeal by the low-cost airline against a Madras High Court order.
The quarter-percentage point increase to 5.25 per cent, which was widely anticipated by economists, was the central bank’s 14th hike in a row.
In the intraday session, Sensex climbed 643.33 points, or 0.98 per cent to 66,151.65, and Nifty 50 touched an intraday high of 19,726.25, up 202 points, or 1 per cent.
Short-selling is the sale of a stock which a person does not own at the time of trade but has merely borrowed.
Asian shares declined Wednesday amid worries over discouraging data on China, as well as over the future of the US economy.
Lender becomes 2nd largest in terms of market cap after Reliance Industries Limited (RIL)
Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Varun Beverages Ltd, PepsiCo’s largest franchise bottler, logged an increase of 25.36 per cent in consolidated net profit at Rs 1,005.42 crore for the June quarter, supported by revenue growth and improvement in margins.
The government has also clarified about the eligible expenses for medical and education, keeping incidental expenses for both categories within the ambit of LRS as against the earlier expectation of a separate tax treatment.
In December, the government settled Rs 40,057 crore to Central GST and Rs 33,652 crore to State GST from Integrated GST. As a result, the total revenue for the month post settlement was Rs 70,501 crore for the Centre and Rs 71,587 crore for State GST.