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Clearly, the priorities have changed, inflation risks emanating from global factors took the centre stage from earlier pro-growth supportive policy.

The policy has clearly shifted gear from being dovish to a more hawkish guidance and undertone. The accommodative stance is now geared towards being withdrawn to ensure inflation remains within target.

Drugmakers AbbVie Inc., Pfizer Inc. and Eli Lilly & Co. as well as the largest U.S. health insurer, UnitedHealth Group Inc., all gained more than 6% over the past five days. With the exception of Pfizer, they also reached record highs, though valuations still trail the broader market.

The MPC while reiterating its accommodative stance has also rephrased with focus on withdrawal of accommodation as it ensures inflation remains in target with continuous support to growth.

Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said in interviews. They are each founding partners of Motus, the Latin term that’s the origin of the word “motor.”

RBI, however, said the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by them with their respective customers.

Crypto market’s volatility has been widely covered in recent times. So understanding your goal with digital asset investments that complement your risk appetite is one of the most important steps you should chalk out before making the leap.

The department didn’t mention the specific amounts worth of BGs that were returned. But an official said that BGs worth Rs15,000 crore were returned to Vodafone Idea and worth Rs7,000 crore were returned to Airtel.

The Shriram Group offers a gamut of financial services across an omnichannel retail format currently, which will be consolidated on a single interface in the Super app, titled Shriram One.

The bank had proposed to sell ₹141 crore of Future Retail and ₹106 crore Asian Hotel (North) loans by the end of March under a 15:85 structure wherein the ARC was to pay 15% upfront and the remaining after recovering the money from the borrower.