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​For travel portal ixigo, going public is the best option as it not only gives exits to investors but also allows customers and other stakeholders to hold shares in the company and grow with it, cofounder Aloke Bajpai told ET in an interview.

Oil on fire: Who gains, Who loses

Updated at : 2021-10-13 08:20:01

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Oil prices have been firming up recently with Brent at $84 a barrel — near its three-year high — led by a rebound in global demand that has contributed to energy shortages across various big countries such as China. While rising oil is bad news for India — a net importer of crude — some oil explorers such as ONGC and Oil India have benefitted.

Centrum-BharatPe gets licence for small finance bank

Updated at : 2021-10-13 07:20:01

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The Reserve Bank of India (RBI) issued a Small Finance Bank (SFB) license to the consortium of Centrum Financial Services, and Digital payments platform BharatPe, said two people familiar with the matter. A new bank license has been issued after a gap of nearly 6 years, and we thank the RBI for the confidence shown in the abilities of Centrum and BharatPe.

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Financial institutions had brought hiring to a halt as they dealt with the aftermath of the first and second Covid wave.

The Employees Retirement System of Texas today bought 2.55 million shares of Jain Irrigation at Rs. 49.6 apiece through a bulk deal on the National Stock Exchange.

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During this time, the market capitalisation of BSE-listed companies jumped Rs 6,09,840.74 crore to reach its record high of Rs 2,68,30,387.79 crore on Tuesday.

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As we approach the penultimate day of the expiry of weekly options, data continued to offer interesting insights. The 17,900 level saw continued Put writing while strike price 18,000 saw some Call unwinding.

The Uday Kotak-led bank logged 17.47 per cent gain in market cap, the highest among non-Chinese banks on this list, and emerged as the 19th largest bank in the region.

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ESG constituents such as TCS, HCL Technologies, Larsen and Toubro, Adani Transmission, Adani Power, Tata Power and Ambuja Cement were rewarded for their environment-friendly steps.

The RBI in a statement on Monday said all SFBs eligible under the liquidity adjustment facility (LAF) can participate in the scheme.

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