IndusInd Bank received approval from the Reserve Bank of India to set up a wholly-owned asset management business, a first for a mainstream lender. This move could signal more opportunities for other banks looking to diversify into para-banking sectors. The RBI had earlier allowed HDFC and ICICI Bank to increase stakes in insurance subsidiaries.
Waaree Energies shares slide over 6% even as co secures 180 Mwp module supply order
Waaree Energies, India’s largest solar panel maker, saw its shares dip slightly despite securing a major order. This follows a stellar week for the company,
November 7, 2024