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Gold prices remained steady near a record high as investors watched U.S. President Trump's tariff threats and awaited the Federal Reserve's January meeting minutes. Trump's trade measures on autos and other imports continued to raise concerns of a global trade war, while silver, platinum, and palladium saw minor fluctuations.
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In the December quarter, nonperforming asset (NPA) provisions for 29 banks rose by 20% year-on-year, reaching Rs 23,298 crore, driven by a significant increase from private sector lenders. Public sector banks saw a record low in provisioning, continuing a decline for the tenth consecutive quarter. Notably, Axis Bank and Kotak Mahindra Bank reported substantial hikes in provisions.
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Of the shares sold, 12 million were acquired by Bharti Telecom (BTL)-the main promoter-level controlling company of Bharti Airtel-while the balance shares were lapped up by a host of global and local marquee investors including GQG Partners, Fidelity, Lazard, ICICI Prudential MF and SBI Life, according to people familiar with the matter. Mittal family-backed ICIL sold shares at 1,660 apiece, as per the block deal data.
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