RBI approval is with a caveat that HDFC shall not exceed its holding in the bank beyond the 9.5% limit, an exchange filing said. If HDFC AMC’s aggregate holding falls below 5%, prior approval of RBI will be required to increase it to 5% or more.
India’s retail inflation unexpectedly jumped to a 14-month high of 6.2% in October, driven by soaring vegetable, fruit, and edible oil prices. This surge breaches
Technical analysts do not see a rebound in the markets in the near-term. “Nifty is currently around its crucial support of 23,800 and we see
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