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One of the plots measuring 3 acres along golf course road will be developed into a 600,000 sq ft retail and office complex, while the 1.3-acre land parcel on MG Road will be developed as a retail complex spread over 180,000 sq. ft.

The momentum is expected to continue, he said, adding opening up of the economy has reduced the need for a fresh stimulus package and the current momentum appears sustainable. Thus, for the bank, it is imperative that the business keeps adapting to the new operating environment, he said in his letter to shareholders published in the annual report for FY22.

In May, Tata Motors posted its highest-ever monthly sales at 43,341 units, overtaking Hyundai Motor India which sold 42,293 units. This is the second time in the last six months that Tata Motors has overtaken its South Korean rival in the highly competitive Indian passenger vehicle market.

Monetisation of these key properties, in the business district of Lower Parel and Chandivali, owned by the company and its wholly-owned subsidiaries, is expected to fetch over Rs 700 crore given the locations and size of these properties, property consultants said.

The Mittal family is learnt to be in talks with the likes of Bank of America, BNP Paribas, Citibank, JP Morgan and Standard Chartered for the credit lines.

The Centre had approved the sale of CEL in November last year to Nandal Leasing and Finance Ltd for ₹210 crore. The transaction was scheduled to be completed by March.

Banking is a segment where valuations are attractive and buyable. The market, however, has not discounted the improved performance of banks," said V K Vijayakumar, chief investment strategist, Geojit Financial Services

RBI reduced its balance sheet by over Rs 1.6 trillion during March 2022, largely through use of foreign currency sell/buy swaps. This helped it reduce the need for economic capital by over Rs 330 billion.

Companies raised just ₹31,712 crore during April and May this year versus ₹70,550 crore in the same period last year, show data from analytics firm Prime Database. Those were bonds mostly raised via private placements, with a small section sold publicly

Bhatia will be the third whole-time member on the Sebi board along with SK Mohanty and Ananta Barua. The positions of two whole-time members fell vacant after the tenures of G Mahalingam and Madhabi Puri Buch ended last year.