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Sanjiv Puri, Chairman and Managing Director of ITC, highlighted the importance of considering cost implications when implementing environmental, social, and governance (ESG) frameworks for small enterprises in India. Puri emphasized the need for economically viable models and solutions to control the costs of ESG compliance for MSMEs, as an inflationary environment could negatively impact growth.

Sources said fund managers who attended the meeting raised concerns with the company management over the lack of disclosures about the dispute between the promoters prior to the stake sale.

The request was made during a meeting on Friday of top NBFC executives with RBI governor Shaktikanta Das, deputy governors M Rajeshwar Rao and Swaminathan J, among others, multiple people familiar with the matter said.

​​Bharti Airtel, Federal Bank, Godrej Consumer, Persistent Systems, Century Textiles and Castrol has formed bullish trends on the charts.

The solvency level of Max Life Insurance is now at 188%. Though it is significantly higher than the 150% that is prescribed by the IRDAI, we need growth capital. The organisation has huge plans for growth across all channels.

Warren through his investment journey has shown that investing is not just arithmetic, but taking sensible long-term decisions.

Banks in India will no longer be able to secretly auction off stressed loans under a new framework agreed upon by high-street banks. The decision to auction loans must now be notified to all key players in the market, ending the practice of keeping potential bidders in the dark. Banks have also established a timeline to close such deals within seven working days after receiving final approval from lending banks.

The sale of dollar bonds from developing countries sunk to the lowest since 2021 in August as global yields spiked to multi-year highs and 15 emerging nations traded at distressed levels. Only $1.4 billion has been raised in emerging debt this month, compared with $4.5 billion in August 2022 and average monthly sales of $15.4 billion this year.

Stocks that were in focus include names like Shoppers Stop which was down more than 12%, Escorts Kubota rose more than 2% to hit a fresh high and Mastek closed with gains of over 4% on Friday.

Currently, a delisting is considered successful when (a) the post-offer shareholding of the acquirer, along with the shares tendered by the public shareholders reaches 90% (‘90% Threshold’); and (b) the price discovered pursuant to RBB is acceptable to the acquirer