Banks have filed suits against 36,150 NPA accounts to recover Rs 926,492 crore as of March 2023. Many of these legacy accounts are likely to be added to the wilful default category when the RBI issues the final guidelines.
From the Sensex pack, Tata Motors, Tech Mahindra, NTPC, Power Grid, Jio Financial Services Ltd, Wipro, HCL Technologies and HDFC Bank were among the major gainers.
List of upcoming IPOs for this week includes Nova Agritech, Fonebox Retail, DelaPlex Limited, Megatherm Induction, Harshdeep Hortico and Brisk Technovision.
The move will help expand cross-border sale of electricity by India manifold. Currently, cross-border interconnections exist with Nepal, Bangladesh, Bhutan and Myanmar, and these facilitate total power transfer of about 4,423 mega watt (MW).
The 14 countries that are part of IPEF include India, Australia, the US, Japan, Fiji, Korea, New Zealand, Singapore and Thailand, and make up for 40% of global gross domestic product and about a third of global goods and services trade.
It is likely that apart from iPhone, once Tata Group takes over the Karnataka plant, other new Apple products could also be assembled from the unit.
“As result of the overall growth of all businesses, the company’s market cap has remarkably increased to about a billion dollars from a low of under $100 million in March 2018,” the board said.
Mining magnate Anil Agarwal’s conglomerate on Friday announced a major business shake-up, with flagship Vedanta approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities.
Malaysia will talk to the Indian government to find a “best solution” over the South Asian country’s rice export restrictions, Malaysia’s agriculture minister said on Monday, amid concerns over rising prices and supply shortages.
Murtaza Khan Kashi, owner of houseboat Selec Town, will deliver packages every day to customers at the doorstep of their houseboats as part of the onboarding.