HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank’s stake to 2.68%. Dr Reddy’s, Sun Pharma recalled items in the US. PNB’s global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank’s deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.
Iran’s Yuan push for oil trade signals fresh challenge to dollar dominance
Iran is reportedly considering demanding Chinese yuan for oil shipments through the Strait of Hormuz, a move that could challenge the US dollar’s dominance in