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Cummins India Ltd. key Products/Revenue Segments include Engines, Sale of services, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2023.

On the options front, the maximum Call OI is placed at 22000 and then towards 22500 strikes while the maximum Put OI is placed at 21500 and then towards 21700 strikes.

JM Financial, Axis Capital, and ICICI Securities were the book running lead managers for Apeejay Surrendra Park Hotels IPO. Link Intime India acted as the registrar.

Kotak Institutional Equities recommended a sell on Divi’s Laboratories with a target price of Rs 3025. The company recorded a weakness in the generic APIs which continues to weigh on the overall print, it said.

The board of Reliance General Insurance Company Ltd made a Rs 118 crore provision in the quarter ending December 2023 to provide a one-time incentive to the senior officials of the company, a move opposed by the administrator of parent Reliance Capital, said people with knowledge of the matter.

The Reserve Bank of India aims to align market rates with the repo rate, but liquidity conditions have caused a disconnect. The weighted average call rate (WACR) has rarely been within 10 basis points of the repo rate. Liquidity conditions also impact government treasury bills and external loan benchmarks.

Insurers have raised concerns about persistency, particularly for long-term products with premium paying terms exceeding 10 years. They fear that distributors may incentivize policyholders to surrender existing policies and switch to newer ones promising higher returns.

The Supreme Court, headed by Chief Justice DY Chandrachud, disposed of a petition filed by SAT advocates and noted that the government is taking steps for fresh appointments. Lawyers believe that the continued pendency of appeals in SAT creates legal uncertainty and does not present a healthy image internationally.

As state-owned lenders witness a on better asset quality and improved profitability, their shares have been topping the returns charts with several of them at multi-year highs, pushing behind private banks - the recent Dalal Street favourites.