The Indian market opened higher on Friday, led by gains in banking, financial and auto stocks. S&P BSE Sensex was up over 200 points in early trade while Nifty 50 was above the 17,800 level.
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger
Adani Energy Solutions secured a significant transmission project in Maharashtra. This project will cost approximately Rs 4,700 crore and is for renewable energy evacuation. It
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