Shriram Properties’ shares jumped 6.8% as the company signed a Joint Development Agreement for 6 acres of prime land in Pune. The planned mixed-use development will feature 650+ apartments and retail spaces, targeting a launch in H2-FY25, with potential revenue of Rs 700-750 crores.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.