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Originally, private sector lender ICICI Bank had approached the tribunal to admit the company under the Corporate Insolvency Resolution Process (CIRP) after the company defaulted on over ₹800 crore. On March 8, 2019, the tribunal admitted the plea.

The company has planned malls in Gurugram and Goa and high streets in Gurugram, in addition to retail space in its upcoming residential and commercial developments, the majority of which will be launched this year. "We believe that organised retail will continue to grow faster than retail as a sector," said Sriram Khattar.

The Dow Jones Industrial Average fell 638.11 points, or 1.94%, to 32,272.79; the S&P 500 lost 97.95 points, or 2.38%, to 4,017.82; and the Nasdaq Composite dropped 332.05 points, or 2.75%, to 11,754.23.

This could give the Fed some wiggle room to raise rates less aggressively later in the year as it tries to rein in inflation without tipping the economy into recession.

Bajaj Auto, the two-wheeler maker said that the Board of Directors on June 14 will consider a proposal for buyback of fully paid-up equity shares. It might be the first buyback announcement by the company since 2000.

Such practices are also a prerequisite for financial stability of the system, he said. The Reserve Bank is also expected to come out with a regulatory framework for technology based digital lending that is fact picking up.

Deposits maturing in two, three and five years are offering 89-151 basis points less than similar maturity govt bonds. The differentials are the widest since 2014, show data compiled by ETIG, updated until June 8.

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.

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.

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.