Justice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka High Court be determined, allowing him time to repay his debts to the banks in full.
SIP collections hit new records with inflows of over ₹1 lakh cr in a fiscal for first time.
Meanwhile, state-owned SBI, which has the highest number of PMJDY accounts, asked the beneficiaries not to believe in rumours that the money will be taken away by the government if not withdrawn amid large numbers of people flocking banks.
The stock quoted a 52-week high of Rs 373.8 and a 52-week low of Rs 174.6.
Private banks look fairly interesting from a valuation standpoint, says Head of Research, Nirmal Bang.
The stock quoted a 52-week high of Rs 1025.55 and a 52-week low of Rs 485.0.
HDFC Bank (Rs 50.36 crore) was leading the pack of most active stocks in value terms.
The Appointments Committee of the Cabinet has approved extension of term of existing part-time chairman and members of the BBB for a period of two years beyond April
The sector was already facing problems because of slowing down demand and BS-VI transition, says the Group Chairman of Inditrade Capital.
This disruption has been sudden, but we will get over it in 3-6 months, says MD & CEO, SBI Mutual Fund.
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