The Reserve Bank of India’s income rose 15% last fiscal due to higher interest income from bond holdings and a sharp drop in provisions transferred to the Contingency Fund, enabling a record dividend payment to the central government.
Bain Capital has agreed to acquire joint control in Manappuram Finance by investing Rs 4,385 crore for an 18% stake. The transaction will trigger an
Infosys and Wipro ADRs fell after Accenture raised the lower end of its annual revenue forecast, reflecting strong demand for AI and cloud migration services.
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