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Almost 59 percent of inflation since February is due to war related factors, according to a study by SBI economists. But there are concerns amidst this backdrop about whether rate hikes by the central bank will be useful in taming inflation forcing the central bank to go for more aggressive rate hikes during the year.

Our target is to bring down gross non-performing assets ratio 6 per cent from 8.51 per cent seen at the end of March. Net NPA projection is 2 per cent from 2.65 per cent, Prabhakar said.

Started by industry experts R Karthik and Anurag Singhvi, Xanadu has helped realty developers in comprehensive turnaround of their real estate portfolio. It has developed and executed end to end strategy for product, design, marketing, and sales for developers.

The bank is also looking to aggressively grow its co-lending book. It has already onboarded four NBFCs for co-lending to MSMEs which include UGro Capital, Adani Capital and Electronica.

The consortium of investors participating along with Multiples include institutional investors such as the investment arm of Times Group, QRG Invest (Havells Family Office), and high networth individuals Nishant Agarwal of Avighna Group, and Mallika Srinivasan of TAFE.

The NCLT had questioned the financial health of the Cayman Islands-based Almas Global Opportunity Fund SPC (AGOF), majority stakeholder in Star9 Mobility Pvt Ltd, the winning bidder for Pawan Hans.

Tax department officials told ET that the deal was unlikely to face capital gains tax if Holcim had acquired the stakes before 2017, when India and Mauritius renegotiated their bilateral tax treaty and withdrew the capital gains tax exemption available to investments from the island nation.

Recently, rival exchange Coinbase went through a bitter experience after launching its India operations with a bang, as it had to soon suspend buy orders due to payment issues with the county’s Unified Payments Interface (UPI).

“The ruling has effectively reaffirmed regulatory sanctity for NBFCs registered with the RBI as a separate category of lenders, distinct from the traditional moneylenders,” said Krishnan Sitaraman, Senior Director, CRISIL Ratings.

The Nasdaq declined 1.20% to 11,662.79 points, while Dow Jones Industrial Average rose 0.08% to 32,223.42 points.