An LoC is a document that gives a degree of assurance that an obligation – like servicing of interest and repayment of a loan – will be ultimately met. But, unlike an irrevocable guarantee, an LoC is not a firm promise.
Voltas shares surged after the Tata Group firm announced a record-breaking achievement: selling over one million air conditioners in less than three months of FY27.
Tata Motors share price gained over 2% following a significant order for over 3,400 electric commercial vehicles, signaling a major shift towards electric mobility in
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