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The closing of the transactions is subject to approval by the relevant authorities and to additional conditions customary for a transaction of this kind, said the statement. Bank of America has advised the buyer.

Banks have benefited largely due to a quick rate transmission under the external benchmark regime and will lose out on net interest margin (NIM) growth in the coming quarters as they are forced to increase deposit rates to fund credit growth here on

On average, loss makers registered net trading losses close to ₹50,000 in FY22. The average absolute net loss of a loss maker was over 15 times the net profit made by a profit maker, Sebi said.

“One thing very important for the Budget is the rural stress. People will look forward to what the Budget does to address that. Second point to watch out for would be the long-term capital case”

The revenue for Q3 was reported at Rs 865 crore as against Rs 741 crore, up 17%.

Sharp decline in exports moderates top-line growth

An ET Now poll had showed that analysts were expecting PAT at Rs 910 crore and revenue at Rs 5,830 crore.

The Adani Group’s flagship company has allotted 1,82,68,925 shares to over 30 institutional investors at Rs 3,276 a share

SGrBs will be issued through uniform price auction and 5 per cent of the notified amount of sale will be reserved for retail investors, the RBI said, adding these papers will be reckoned as an eligible investment for SLR purposes.

Even as the firm remains confident of being on the growth trajectory in the forthcoming quarters, Tata Motors is likely to miss its target of being near zero net debt company at a consolidated level by the end of FY2023-24, P.B Balaji, chief financial officer, Tata Motors Group said in a post earnings call.