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The central bank proposes to reduce the ceiling for public deposits held by HFCs to 1.5x from 3x of net owned funds

The licence will allow it to distribute life, general, and health insurance products. The company expects a net fee income of Rs 20 crore from insurance cross-sell in FY25

In holding a key interest rate on Monday, the central bank missed an opportunity to set a narrative at the start of what#39;s likely to be another tough year. Consumer prices have been flat or declining for months. Authorities appear at a loss to turn the situation around, assuming they want to

Following the stake sale, the board will consider distributing 70–80 percent of the upfront consideration of $903 million as a dividend to its shareholders

The 12 road assets are in Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan.

The contract is awarded by M.P. Madhya Kshetra Vidyut Vitaran Co Ltd and to be completed in 24 months.

The share touched a 52-week high of Rs 264.95 on December 15, 2023 and a 52-week low of Rs 96.70 on March 28, 2023

The brokerage highlighted growth and market share challenges, limited margin upside and high valuations as the key reason for downgrade

The acquisition would be funded mainly through internal accruals, says company.

For the quarter, they registered an uptick in the value over Q2 with an incremental growth while the EBITDA margin aligned with the business projections, the company said.