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IiAS said the proposed related party transaction with KHIPL was intended for borrowing of funds for an amount up to Rs 1,600 crore for a period of two years renewable by mutual consent, subject to ratification by members at least once in every five years, IiAS said. ....
Market sentiment has been hit since the hawkish remarks on inflation by the Reserve Bank of India, and this got further dampened by the US Federal Reserves view that interest rates may need to harden further to bring down inflation. ....
“As we approach a shortened trading week, several factors will influence market dynamics. macroeconomic indicators, rupee fluctuations, and FII activities will be pivotal in shaping market trends in the coming days,” said Santosh Meena, head of research, Swastika Investmart. ....
Khorakiwala-owned Humuza Consultants has pledged its entire 65.46% shares of Wockhardt with private lenders as of March 31, 2023, according to a stock exchange disclosure. The promoter intends to reduce the share pledge to 26% by the end of this fiscal year, the people cited above said. ....
SBI has actually broken down. It should not have traded below 563 and it has traded below it. And it was pretty obvious to me that the move from the March lows was only a corrective move. ....