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Welcoming the move to lift restrictions, the bank spokesperson said that the Kotak will work with the RBI to shortly resume digital onboarding of new customers and issuing fresh credit cards. Kotak Mahindra Bank s managing director, Ashok Vaswani had indicated to media soon after declaring December quarter results that the RBI s restrictions had cost the bank around ?450 crore annually.

Warburg held 32.83% in Fusion through its affiliate Honey Rose Investment as of December-end last year. Chicago-based Creation Investments, also listed as a promoter of Fusion, held 19.78%. Fusion founder and managing director Devesh Sachdev and his family held 5.1%.

The secured debt facility, with a three-year tenor maturing in January 2028, will be raised at Bamboo Hotel and Global Centre (Delhi). (BHGCPL) a joint venture between Prestige Group and DB Realty, which is developing a large scale mixed-use project in New Delhi s Aerocity.

Sebi has introduced the Industry Standards Recognition Manual to guide the formation and operation of Industry Standards Fora, launched as a pilot in July 2023. These fora assist in implementing regulatory instructions for various market participants, ensuring good governance and compliance with regulatory directives.

The currency rose to a two-week high of 86.47 in early hours of trading. The Reserve Bank of India likely intervened in the NDF segment, before the spot market opened, driving the rupee to open stronger than expected at 86.457/$1, traders said.

In 2023, Japan s Daiwa Securities Group acquired a 23% stake in Ambit, the holding company. The Japanese firm subsequently picked up stake in Ambit Finvest the NBFC arm. According to Wadhwa, the ongoing market correction is highly favourable for thematic and long-term investing, and Ambit aims to raise $1 billion over the next 3-5 years from this fund.

The stock made a low of ₹1,193.35 on Wednesday - the lowest since December 2023 - before rebounding to close at ₹1,216.55, down 1.4% over the previous day s close.

Hyundai India launched its initial public offering (IPO) in October, raising ₹27,870 crore, making it the largest IPO in Indian stock market history. The stock is currently trading about 7.7% lower than its offer price of ₹1,960.

Besides a ₹1.5 lakh crore liquidity boost late January, the RBI has provided support via screen based OMOs of ₹59,000 crore last month.