In March, the regulator had introduced the beta version of T+0 (same day) settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers. To begin with, it was available only to non-custodian clients.
Kumar Mangalam Birla’s Grasim gets cheapest rupee bond deal in 5 years
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian