Term deposit rates have gone up by about 200 basis points in the last few months as banks have had to catch up with the stronger credit growth. One basis point is 0.01 percentage point.
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake.
Cochin Shipyard Ltd reported a 50% decline in consolidated net profit for the September quarter of FY27. The company’s net profit fell to Rs 53.77
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