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The three bidders have offered different plans which will now be evaluated by Resurgent Resolution Professionals, the valuer appointed by banks. Depending on the valuer’s report, lenders will put the best plan to vote based on the net present value.

Bank mergers have benefited the sector: RBI

Updated at : 2023-02-21 07:45:04

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Bank mergers have benefited both the acquirer and the acquired, according to a report by Reserve Bank of India researchers. While the transactions have helped improve the efficiency of the acquirer banks, they have added to shareholder value for banks that have been acquired.

NSE on Friday announced changes to select indices>> For more such web stories click on the ET icon below

Besides, the company is also expanding its product portfolio in large appliances like refrigerators, room air conditioners and some other segments such as cameras

NSE on Friday announced changes to select indices>> For more such web stories click on the ET icon below

Gold gains Rs 50; silver advances Rs 140

Updated at : 2023-02-20 21:15:03

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Spot gold prices in Delhi traded at Rs 56,307 per 10 grams, up Rs 50 per 10 grams," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.

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The Bengaluru-based billionaire broker said extended trading hours for F&O will signal the maturity of our markets. They also level the playing field for domestic traders against international traders and are also good for capital markets businesses in terms of revenues, he said

The life insurance industry is seeking clarifications and relaxation in the tax proposals and also working strategies to reduce the impact of loss in HNI market share are still on the drawing board

A bearish candle on daily charts is indicating further weakness from the current levels. However, the Nifty is trading near the 20-day SMA and Sensex is trading near the important support level of 60600. If the index succeeds to trade above 17900, a quick pullback rally is not ruled out

Adani Group companies have seen over $135 billion of market value wiped out since the Hindenburg report, but none is hit as badly as Adani Total Gas. The stock lost over three-quarters of its value since January 24.

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