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The approval is expected to bring a landmark change in the power markets as a major chunk of bilateral trade is expected to shift from bilateral contracts to power exchanges.

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Out of the eight public sector banks operating in Hong Kong, four have already closed or are at different stages of closing. Three others are contemplating the future of their operations post-Covid. It is likely that the State Bank of India (SBI) will be the only public sector bank remaining in Hong Kong along with HDFC Bank and ICICI Bank.

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The Walgreens board will now meet and deliberate on this offer and come back within a few weeks - likely before their upcoming quarterly results - on whether they want to accept it and enter into exclusive negotiations with the Reliance-Apollo consortium.

The deal will unlock value in IIFL Finance, which has a ₹52,000 crore loan book and market capitalisation of ₹12,500 crore. IIFL Home Finance has a loan book of ₹24,000 crore and market value of ₹11,000 crore.

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It had a market share of nearly half to almost 97% in all the other segments of the passenger vehicle industry in fiscal 2022 ended March 31. But in SUVs, the fastest growing segment where the rivals are putting their focus, its share was only 12%.

Banks take a cue from RBI, hike lending rates

Updated at : 2022-06-10 07:55:02

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These banks raised their respective external benchmark lending rates (EBLR) by 50 basis points (bps), matching the latest increase in the repo, or the rate at which RBI lends short-term funds to commercial banks. One basis point is 0.01 percentage point.

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Crypto prices have been in a slump this year as the Federal Reserve withdraws stimulus and hikes rates to combat inflation.

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Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding Ltd, aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month, the sources said, declining to be named due to the sensitivity of the matter.

Sebi observed that F6 Finserve and F6 Commodities are connected with each other on the basis of same registered office and common promoter-directors -- Pankaj Goel and Meenu Goel. While Deepak and Ruchika were former directors at F6 Finserve.

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The Nifty Realty index closed 0.26 per cent up at 405.3.

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