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Masdar has withdrawn its nearly $1 billion offer to take ReNew Energy Global private, causing a significant drop in the company's stock price. The move by the leading investor in a four-member consortium effectively terminates the proposed transaction, disappointing shareholders seeking an exit opportunity.
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News and Media
State administration for market regulation announced proposed guidelines late Friday, including measures that would prevent manufacturers from pricing cars below the cost of production, and to stop dealers from offering discounts or rebates that would effectively bring down vehicle prices below cost.
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The rupee slid to a record low of 90.73 against the dollar amid heavy foreign outflows, stalled IndiaUS trade talks and strong importer demand, emerging as the worst performer among Asian currencies.
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News and Media
The Reserve Bank of India is injecting Rs 1.5 lakh crore into the financial system. This move aims to prevent any cash crunch as advance tax and GST payments are due. The central bank is conducting a dollar-rupee buy-sell swap to add more liquidity. This action will help keep overnight interest rates stable.
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News and Media
India's largest bank also plans to put 10,000 people on the ground to guide people to transition to the digital banking application as it pushes towards a uniform application on the mobile, web and branch banking.
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News and Media
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