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The board of Tata Steel has approved the amalgamation of 7 of its subsidiaries - Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.

As long as the stock is above Rs 335, the uptrend wave is likely to continue. A close above Rs 335 could take the stock towards Rs 355-360. Traders may prefer to exit from trading long positions on a close below Rs 335.

Mahindra is in early talks with global green funds and private equity firms, the person said, adding that it wants a long-term investor who can help build out its EV business. Some investors, however, in recent months have shown interest in participating in a funding round of worth around $800 million, two banking industry sources said, adding that they have held talks with the company about such offers.

Micro loan disbursals during the June quarter improved sharply to Rs 45,830 crore as compared with Rs Rs 25,503 crore seen in the same period a year ago. The number of loans disbursed rose to 1.16 crore against 71 Lakhs in the same period.

The central bank’s move came after reports that third-party loan recovery agents working on behalf of M&M Finance allegedly ran over a 27-year-old woman with a tractor in Hazaribagh district of Jharkhand, causing her death. The central bank added that it’s action is based on certain material supervisory concerns observed in M&M Finance with regard to the management of its outsourcing activities.

The bank will cease to carry on banking business from the close of business on September 22, 2022. The bank will also be wound up and a liquidator will be appointed for the bank. Upon liquidation depositors would receive an insurance claim of upto Rs 5 lakh. The data submitted by the bank indicates that upto 99 percent of the depositors will receive the full amount .

The state-owned bank is carrying a gross NPA burden of ₹29,000 crore, which is 14.9% of its outstanding loan portfolio. The Reserve Bank of India (RBI) lifted business restrictions on the bank under the prompt corrective action (PCA) framework Tuesday, prompting the stock to surge nearly 10% the next day.

Once owned by Rishi Agarwal, ABG Shipyard is undergoing liquidation after lenders failed to find a buyer under insolvency proceedings. It is among the 12 initial companies the Reserve Bank of India (RBI) had directed lenders to refer to the bankruptcy court for resolution.

​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.

“The fear of foreign fund outflows are back to haunt investors as the US Fed policy statement was more hawkish than expected,” said Bhaskar Panda, executive vice president at HDFC Bank. “On the other hand, renewed geopolitical tension is spooking investors