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The bank has received its board approval for applying for the coveted license. The board has also formed a committee of directors to vet the application. The committee includes chairman HR Khan, independent directors Pushpinder Singh and MS Sriram and managing director Sanjay Agarwal.

Markets regulator Sebi on Thursday proposed guidelines for credit rating agencies (CRAs) to include detailed reasons for rating actions, especially in cases of default and upgrades of default ratings. In its consultation paper, the regulator has recommended removing "technical default" from policies due to potential negative market signals and covenant triggers.

The rupee strengthened moderately on Thursday, before touching a new low of 83.72, due to weaker dollar index, stronger Asian currencies like the Chinese yuan and Japanese yen and likely intervention from the Reserve Bank of India.

Domestic gold prices fell by 2%, or Rs 1,350 per 10 grams on Thursday, following international trends. Silver prices also dropped sharply by nearly 5%. The dip came as investors awaited US economic data that could influence Federal Reserve rate cuts. The moves were partly driven by profit booking and institutional repositioning.

The June 2024 quarter’s financial performance and post earnings’ commentary of mid-sized cement firm JK Cement have reinforced analysts’ optimism about the company’s ability to perform better than its peers.

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, achieved a net operating income (NOI) for the commercial segment of Rs 678 crore marking a 4% increase for the first quarter of FY2025, compared to the corresponding period last year.

The Nifty IT index closed 0.15 per cent down at 40055.5.

Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists.

Jupiter Wagons reported a standalone net profit of Rs 89.23 crore for the quarter ended June 30, 2024 which was up by over 40% over Rs 63.60 crore reported by the company in the year ago period.