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RBI deputy governor T Rabi Sankar pointed out that transactions through CBDCs bypass intermediaries and are instantaneous. In its aim to increase the acceptability of the CBDC, the RBI will take build on the existing network of the Unified Payment Interface and introduce interoperability for CBDC transactions, Sankar said.

The 11 entities that received notices are - Torus Buildcon, Artifice Properties, Rosestar Marketing, Oscar Investments, Ad Advertising, Zolton Properties, Saubhagya Buildcon, Star Artworks, Vitoba Realtors, Devera Developers and Harpal Singh.

The Hinduja family is reportedly exploring raising up to $1bn to fund its acquisition of Reliance Capital, for which it is the preferred bidder. The financing timeline could take between three and six months, depending on legal issues and court approvals for the acquisition, and the final list of financiers could change, sources said.

Yield on the 10-year benchmark government bond has eased 7 basis points from its close of 7.16% on Friday, largely tracking a steep fall in US government borrowing costs.

The growing penetration of the Internet of Things (IoT) majorly drives the global market and coinciding with it is the rising demand for integrated services in facility management, such as energy management, maintenance, and repair, to maintain a safe and efficient facility while reducing the costs associated with downtime and repairs

In FY24 so far, the Nifty Realty index emerged as the top performer, experiencing a significant increase of about 36%, while the benchmark index Nifty50 saw a growth of 11.5% during the same period.

​Adani, fresh from a $2.8 billion capital raising, may face intense competition for Vidarbha Industries Power Ltd., which operates the 600-megawatt generation facilities in central India, according to the people, who asked not to be identified as the plans are private.

The company has fixed a price band of Rs 23-25 per share for the IPO, which is entirely a fresh issue of shares of Rs 500 crore. About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the rest 10% for retail investors, who can bid for a minimum of 600 shares in one lot and in multiples thereafter

The 10-year yield was at 3.95%, after hitting a high of 4.09% on Monday, while the two-year yield was at 4.83%.The Federal Reserve kept interest rates unchanged in June, but the minutes released last week showed it may raise rates by another 50 bps in 2023

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