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Tata Consumer Products reported 3% growth in its consolidated net profit at Rs 338 crore in the July-September period.

Canara Bank is making a strategic move by converting its subsidiary, Canbank Computer Services, into a dedicated credit card unit. This transformation aims to extract greater value from the unsecured line of business, following in the footsteps of financial institutions like SBI Cards and BoB Cards.

SBI Card CEO Abhijit Chakravorty said the card will be offered to walk in customers of Reliance Retail in stores as well as through applications accepted online. He did not share the minimum cut off required to be eligible for the card.

DBS India has invited bids for a counter bid for the portfolio of the NPAs, which should be at a minimum of 5% markup on the base price. The bank will hold the Swiss challenge on November 7, according to the bid document.

Sources aware of the development told ET that in recent talks at the Gandhinagar-based GIFT City, the government, the Reserve Bank of India (RBI) and investors had discussed early plans regarding the quantum of the bond sale and other operational matters.

Money managers and analysts said flows in November will depend on whether the risk-off sentiment persists though historically equities here have mostly seen foreign purchases during the month in the past decade.

Shares of Butterfly Gandhimathi Appliances fell nearly 7% to close at ₹1,088.10, while CG Consumer Electricals declined half a per cent to close at ₹ 281.95.

What to expect from top automakers in October.​

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