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While the Kanorias had moved court against the KPMG report, the latest move by Punjab & Sind Bank may prompt other banks to follow suit. The state-owned lender has declared both the non-performing loan accounts of Srei Infrastructure Finance and SREI Equipment Finance as frauds and reported these to the Reserve Bank of India as per regulation.

During 2021-22, individual non-single premium rose 8.82% to Rs 30,016 crore from Rs 27,584 crore at the end of March 2021. The total first year premium (FYP) of the life insurer rose by 7.92% to Rs 1.98 lakh crore in March 2022 from Rs 1.84 lakh crore in the previous fiscal.

In its order, Sebi noted that Singh brothers, RHC Holding, Malav Holdings and Shivi Holdings played a key role in the diversion of funds in the garb of investment through ICDs from Fortis Hospitals/ Fortis Healthcare, as the funds from the listed company moved through various conduit entities.

In the process document issued by banks, prospective buyers with a minimum net worth of ₹300 crore and a consolidated group turnover of ₹2,000 crore have been invited to bid. In the case of financial investors like funds or asset reconstruction companies, the minimum asset under management (AUM) threshold has been set at ₹5,000 crore.

The blue-chip FTSE 100 edged down 0.2%, with spirits maker Diageo, Dove soap maker Unilever and personal goods maker Reckitt Benckiser Group all falling between 2.1% and 1.5%.

A move below the support of 16,800 levels could open the door down to lower 16,200-16,000 levels in the near term. Any pull back rally could find resistance around 17,100 levels.

The revenue from operations increased by 31.57 per cent to Rs 4,301.6 crore during the reported quarter. The same stood at Rs 3,269.4 crore in the year-ago period.

“Most of the banking names still have unfinished correction and even autos, IT names have unfinished correction to the downside. The best thing to do would be to hold cash and low hanging fruits would come up sometime around July to August and this correction is likely to play until that. ”

The fund will support and incubate the early stage NFT projects from the fields of art, sports, PFPs, Asian culture, GameFi, celebrities, among others.

Media reports, citing sources, reported that Tamil Nadu is set to purchase power to the tune of 6000 MW to overcome the shortage in the months of April and May. Other than power vendors, Tangedco has also approached the Neyveli Lignite Corporation (NLC) to buy power.