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Key companies announcing their third quarter results include Samvardhana Motherson, RVNL, Glenmark, Swan Energy, and Zen Tech. Samvardhana Motherson is expected to see profits rise by 68% YoY, while Glenmark Pharma's profit is anticipated to improve significantly, with revenues from operations rising 38% YoY.
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In February 2023, GPT Healthcare raised 525 crore, while in September 2023, Jupiter Life Line Hospital secured 869 crore through its IPO.
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The board also extended the timeline of raising debt capital through tier-I or tier-II bonds of 4,000 crore up to March 31, 2026, the bank said.
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RBI has told at least two state-owned banks to penalize corporate clients for breaching foreign exchange laws by obtaining guarantees from overseas banks. While such guarantees are barred under FEMA, RBI's 2019 master direction allows them. The discrepancies between these regulations have led to confusion and potential legal conflicts, prompting RBI to demand regularization.
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The Reserve Bank of India has placed restrictions on New India Co-operative Bank of Mumbai, citing liquidity concerns. With deposits amounting to Rs 2436 crores at the end of March 2024, the bank is now prohibited from granting loans, renewing advances, or accepting new deposits starting February 13, 2025, to safeguard depositors' interests.
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