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“One had to assume that Reliance would not permit what is happening over the past few years in the grey market as far as Reliance Retail was concerned. It is a candidate where Reliance as a parent and shareholders would get a reward like what Jio Financials has been announced. The same thing would happen to Retail and Jio on the telecom side.”

A total of 36,028 shares changed hands on the counter till 01:43PM (IST)

As far as the deposit is concerned, he said, "we hope to grow the liability side by 10 per cent during current financial year." Asked about the resource mobilisation plan of the bank, he said, Capital Adequacy Ratio of the bank stood at 16.28 per cent in March 2023 and this should be enough to take care of loan growth during the year.

India’s banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets. Meanwhile, the nation’s consumer and capital goods companies are expected to benefit from commodity prices that have come off peaks seen after Russia’s invasion of Ukraine.

Morgan Stanley said that a dent in discretionary consumption on the back of high gold prices will likely lead to a near-term setback for Titan. It said that the growth momentum is expected to slow down a bit for the maker of watches and eyewear over the next couple of quarters.

​So it is creating a very nice balance playing to the strengths of India in markets or in capabilities. Now, going forward, what we are also spending a lot of time on is the whole, what we call green economy or sustainability-led investments that are happening in India.

The Relative Strength Index of the stock stood at 45.0 on Monday.

We want to constantly reinvent and we have a larger goal in mind. We want to bring a more balanced position in the Indian capital market.

Under the merger deal, all RIL shareholders, as of the record date of 20 July, will earn one share of Jio Financial Services (JFSL) for every RIL share they own. Investors, therefore, have time till 19 July to buy RIL shares to be eligible for getting JFSL shares.

A total of 273,921 shares changed hands on the counter till 12:42PM (IST)