Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for May starting from 1 June 2021.
Magma Fincorp said that the company s board, has appointed Adar Poonawalla as the Chairman of the company.
Jammu & Kashmir Bank said that the meeting of the Board of Directors of the bank is scheduled on 4 June 2021, to consider/discuss the proposal of capital infusion in the bank by the Govt. of Jammu & Kashmir as its promoter shareholder to the extent of Rs. 500 crore.
EPL (formerly known as Essel Propack), announced that they have been selected as a partner by Unilever, in their journey towards achieving 100% sustainability in the oral care segment. Accordingly, EPL will supply their APR approved, 100% recyclable and fully sustainable Platina Tubes, for the toothpaste category of Unilever.
Read more about Multi-agency team in Dominica to bring Choksi if courts allow deportation on Business Standard. A team of multi-agency officials led by a CBI DIG has gone to Dominica to bring back Mehul Choksi to India if the courts in the Carribean island country allow his deportation to India
Read more about New Zealand becomes latest country to sign space agreement with NASA on Business Standard. New Zealand announced on Tuesday that it was the latest country to sign a space agreement with NASA, just as its nascent space industry begins to take off
Jammu & Kashmir Bank (J&K Bank) rose 2.26% to Rs 29.35 after the bank said its board will meet on Friday, 4 June 2021, to consider the proposal of capital infusion in the bank.
The capital infusion would be made by the Government of Jammu & Kashmir as its promoter shareholder to the extent of Rs 500 crore.
The Government of Jammu & Kashmir is the promoter shareholder of the bank. It held 68.18% stake in the bank as on 31 March 2021.
J&K Bank offers banking services under the three major divisions as support services, depository services and third party services.
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Its previous projection was 10.5 per cent. While all indications pointed to a stable recovery process before the 2nd wave struck, this is now likely to be pushed back to an extent. For FY22, we expect real GDP growth at 8.5 per cent, weaker than our previous estimate of 10.5 per cent, said the report titled India GDP: Marathon effort ahead prepared by Yes Bank s Economist department. It noted that the implementation of lockdown-like restrictions due to the second wave is likely to create a break in the normalisation process in the growth that had started as the economy was unlocked after the tapering off of the first round of infections.