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US West Texas Intermediate (WTI) crude futures slipped 2 cents to $72.59 a barrel at 0147 GMT, after settling unchanged on Thursday. Brent crude futures inched up 4 cents to $75.71 a barrel, adding to a 21 cent gain on Thursday.

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 152701.92 Crore) operating in Financial Services sector.

S&P said the main risks were that it could threaten its hopes of securing a support programme with the International Monetary Fund, increase fiscal vulnerabilities and hurt banks by creating currency mismatches when they dish out loans.

Government bond spreads to comparable US Treasuries rose above 900 basis points, jumping nearly 100 bps this week alone to match the largest weekly increase since last October.

Deputy governor Michael Patra said persistent supply shocks, pass-through of imported price pressures to retail prices and building wage pressures in the organised sector will keep inflation above the 5% mark till fiscal 2023-24. Patra was delivering the keynote address at a financial market summit organised by the Confederation of Indian Industry (CII).

Kotak will gain access to over 30,000 high-quality customers with a total loan outstanding with VWFPL of around Rs 1,340 crore, the company said.

Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, said on Thursday that it will offer about 15% stake to Serum Institute Life Sciences Pvt Ltd (SILS), a subsidiary of Serum Institute of India, at a post-money valuation of $4.9 billion.

“As pandemic scars heal and supply conditions are restored with productivity gains, a sustained easing of core inflation can be expected, which will reinforce the growth-supportive stance of monetary policy,” said the RBI article, prepared by its economic wing led by deputy governor Michael D Patra.

Under the alliance, BBL will get committed access to 100 million doses of vaccines annually for 15 years and commercialisation rights of the SILS vaccine portfolio for global markets.

"JM Financial Products has filed the shelf prospectus and tranche I prospectus with the Registrar of Companies, Mumbai and the Sebi," JM Financial said in a regulatory filing.