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RBI, in the annual report of ombudsman scheme, said that its consumer education and protection department is working towards extension of the scheme to HFCs. This may be done by March 31, 2023. Last year, the coverage of the integrated ombudsman scheme was extended to credit information companies and the non-scheduled urban cooperative banks with a deposit size of Rs 50 crore or above.

"There was no other bidder so one can now say Ares has won the bid. Banks are still working on internal processes to take approvals to give the go-ahead for the takeover by Acre, and the process will take a few more days," said a person familiar with the exercise.

After the deal goes through, Ant -- in which ecommerce titan Alibaba has a stake -- will have contributed a total of 9.25 billion yuan and control half of its shares

“Participants noted that, because monetary policy worked importantly through financial markets, an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability,” according to minutes of the Federal Open Market Committee’s Dec. 13-14 meeting released in Washington on Wednesday.

Underpinning Apple’s valuation is the hope that the company still has major growth opportunities ahead. Services have been a key area of expansion in recent years and now represent more than a fifth of revenue. The company also is working on some big swings, such as a mixed-reality headset that could be unveiled as soon as this year and an electric vehicle.

That was the weakest reading since May 2020, when the economy was slammed by the first wave of COVID-19 cases, and pushed the index just below the 48.7 level, which the ISM says is consistent with a recession in the broader economy.

It has an asset base of over Rs 60,000 crore in 10 states across the parent company and two Infrastructure Investment Trusts (InvITs), IRB infrastructure said.

The Dow Jones Industrial Average rose 28.77 points, or 0.09%, at the open to 33,165.14

In respect of the stock split, the record date has been fixed as January 10, 2023. The company, in its filing with the exchanges on December 29, intimated about the record date and said, "We would like to inform to the exchange that Board of the Directors of the Company

The Nifty Auto index closed 0.81 per cent down at 12512.05.