Adani Enterprises will exit its joint venture with Wilmar International in a $2 billion deal. They plan to sell a 44% stake in Adani Wilmar Ltd. Part of the funds will be used to invest in green energy, airports, and roads. The deal will make Adani Wilmar a subsidiary of Wilmar.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,