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As a banker, I am more worried about how all this will impact the manufacturing units. Despite so much support coming from the government and the RBI during Covid, this time the situation looks more grim. We need to be very watchful of the viability of the units we are funding.

The Rustomjee Group, which has a presence in the Western and Central suburbs of Mumbai, reported sales of ₹2,680 crore during FY22

The move will likely save the company up to 2 percentage points in borrowing costs, adjusted for currency hedges.

NTPC, Thermax, Paytm, Zydus Lifesciences, Indigo Paints, IRFC, Pfizer, Metro Brands, Narayana Hrudayalaya, Nuvoco Vistas, Sobha, IDFC, Amaja Raja Batteries and CE Info Systems are among the companies which will announce their earnings today.

Nifty futures on the Singapore Exchange traded 211 points, or 1.34 per cent, higher at 15,996, signaling that Dalal Street was headed for a positive start on Friday.

Stablecoins, a variety of cryptocurrencies designed to keep a steady value, are in sharp focus after crypto markets were rocked last week by the demise of the TerraUSD token.

The markets inherited a very weak overnight trade setup; the US markets had a deep cut, and this weakness was carried forward to the Asian markets as were and Indian markets were no exception.

Total income rose to Rs 183.62 crore in the fourth quarter of the last fiscal year from Rs 79.78 crore in the year-ago period, according to a regulatory filing.Net profit rose to Rs 45.39 crore in the last fiscal year from Rs 30.18 crore in 2020-21.

The bank however made an operating profit of Rs 48.4 crore against an operating loss of Rs 26.6 crore on account of 55.6% higher total income at Rs 256.6 crore.

The withdrawal of recognition follows an order passed by Sebi on May 10 after finding the bourse non-compliant on several grounds like net worth and infrastructural requirements.