The Indian government anticipates that the sale of IDBI Bank will not reach a conclusion by the end of the financial year on March 31, 2024, as conveyed by a senior official from the finance ministry during a press briefing.
Gulf: The Qatari bencmark dropped 0.4%, as most of the stocks in the index were in negative territory including Isalmic lender Masraf A Rayan, which was down 1.6%.
Economic growth in five countries in the six-member Gulf Cooperation Council is forecast to be even weaker than expected three months earlier on lower prices of oil, the region s main export, according to a Reuters poll of economists. Brent crude, the global benchmark of oil price, has fallen from a near record-high of $139/barrel last March to around $79.