With regard to the sale of PNB’s stake in Canara HSBC OBC Life Insurance, Goel said, there has been a change in guidelines from IRDAI and now the banks are allowed to hold the stake as an investment rather than a promoter category.
KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased,