Finance Minister Nirmala Sitharaman in her interim Budget had proposed to borrow Rs 14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year starting on April 1.
Indian benchmark indices opened flat and remained under pressure throughout the session. Analysts suggest the Nifty’s immediate bias remains down, targeting key support levels. The
Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of
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