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“Akasa Air already flies to Bombay, Ahmadabad, Bangalore, Chennai, Cochin and now Delhi has been added as the sixth destination. We will announce our next set of routes that should be announced in a couple of days but with an aircraft coming every 15 days you will see us expand and announce more and more routes.”

The bank was removed from the PCA framework following the review by the Board for Financial Supervision. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis

The bank informed the bourses that the Board of directors of the bank, the Reserve Bank of India (RBI) vide its letter dated September 20, 2022, has approved the appointment of Rama Subramaniam Gandhi as the Non-Executive (Part-time) Chairman of the Bank.

On the technical charts, the 200-day moving average of the stock stood at Rs 1526.03.

Gold futures on MCX were trading flat, almost unchanged, up by 0.03 per cent or Rs 16 at Rs 49,191 per 10 grams. However, silver futures were gained decently by 0.45 per cent or Rs 251 at Rs 56,594 per kg.

Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside.

The Nifty Auto index was trading 0.27 per cent up at 13327.65.

A total of 4,241 shares changed hands on the counter till 10:51AM (IST)

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 117756.54 Crore) operating in Financial Services sector.

Promoters held 27.49 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 16.05 per cent and 6.21 per cent, respectively.