UBS has identified at least four countries, including South Korea and India, as being “slow” to grant the regulatory approvals needed to complete its takeover of Credit Suisse, an internal document reviewed by Reuters shows.
The growth rate in the output of refinery products, fertiliser, cement and electricity during the month under review has decelerated, while it was negative in the case of crude oil.
Central Bank of India reported a 78 per cent rise in net profit at Rs 418 crore for the June quarter due to decline in bad loans and increase in interest income.
The World Bank’s Worldwide Governance Indicators provide a ranking of 215 countries territories based on six dimensions of governance: ‘Voice and Accountability’; ‘Political Stability and Absence of Violence’; ‘Government Effectiveness’; ‘Regulatory Quality’; ‘Rule of Law’ and ‘Control of Corruption.’
Among other decisions, a regulatory framework will be introduced for the index providers to foster transparency and accountability in governance and administration of financial benchmarks in the securities market.
On a standalone basis, the total income of NTPC in Q1 FY24 was Rs 39,681 crore as against Rs 40,726 crore earlier.
Trade deficit, which reflects the gap between exports and imports, also narrowed to $20.13 billion in June this year as against $22.07 billion in June last year due to a fall in both exports and imports.
During the day, it climbed 139.9 points or 0.65 per cent to reach its record high of 21,593.
On India, the World Bank said the main contributing factors are declining inflation and strong labour markets in high-income source countries, which boosted remittances from highly skilled Indians in the US, the UK, and Singapore.
Sectorally, media index gained 1.20 per cent, realty jumped 1.10 per cent, healthcare gained 0.98 per cent, auto gained 0.64 per cent, and pharma gained 0.61 per cent.