The BSE Sensex climbed 177.63 points to 65,064.14 in early trade. The NSE Nifty gained 62.2 points to 19,328.
While the Indian fintech industry has been growing over the last few years, there have been concerns over valuations, leading to slowdown in funding to the sector.
As per a recent SBI research report, the banking industry will require Rs 84,000 crore of excess capital or five per cent increase on Rs 15.2 lakh crore capital requirement following the RBI decision to tighten the risk weights on unsecured loans.
Ambani underlined the commitment to fast-track execution of its Green Energy Giga Manufacturing Complex at Jamnagar. He also said that the company will deliver a fully-integrated, end-to-end solar PV manufacturing ecosystem.
The licence originally issued in 2003 was to expire in January 2024. This will allow Lanka IOC to continue its retail operations on the debt-trapped island nation until January 22, 2044.
According to the report, major reasons for delays were due to processes related to change of land use and sanction of term loans.
However, correction in IT counters ahead of their quarterly earnings announcements scheduled to come later this week put a check on the markets rally.
Difficult to recover dues are those that could not be recovered even after exhausting all modes of recovery.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was flat at 104.35.
He said India has already flagged its concerns over the carbon tax with the European Union (EU) and in the WTO (World Trade Organization).