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The platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the current UPI platform, said bankers involved in the rollout. The central bank wants each bank to test the retail CBDC with 10,000 to 50,000 users for the pilot project.

The AUM of the SIP linked funds grew by 28.8% annually in the past five years, faster than the 13% growth in the industry AUM at Rs 39.1 lakh crore in the same period. During the period, SIP linked funds received an inflow of Rs 5.3 lakh crore.

The EGM will consider an ordinary resolution of the appointment of an independent forensic auditor for conducting a forensic audit to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years and the affairs of the company. The investigation would verify all records, books of accounts, minutes books, and other documents of the company.

Rekhi and other promoters currently hold 52% stake in R Systems, which Blackstone will acquire for Rs 245 per share

The IPO will include a fresh issue of shares worth up to Rs 1600 crore

Further, in One 97 Communications (Paytm), SVF India (SoftBank Group) sold 4.5% stake worth Rs 1,631 crore, showed NSE bulk deals data

The Dow Jones Industrial Average fell 224.6 points, or 0.67%, at the open to 33329.27

Citigroup is the banker to the deal, and TPG Capital is likely to sell the shares at Rs 184.55, a 0.6% discount to Thursday’s close price of Rs 185.60.

British banking stocks rallied, while shares in the power sector came under pressure after Hunt announced a windfall tax on oil and gas firms and extended it to power generation firms.

According to Sebi, the time period for the buyback process can be reduced to 66 working days starting from April 2023 and further cut it down to 22 working days from April 2024. Finally, the open market option can be closed down for buyback offers from April 2025.