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Rakesh Gangwal and the Chinkerpoo Family Trust have further reduced their stake in IndiGo operator InterGlobe Aviation by 5.72%, garnering ₹11,564 crore through open market transactions. This sale, executed at ₹5,230.99-₹5,235.31 per share, decreases their combined ownership to 7.81%. These divestments align with Gangwal's plan to reduce his shareholding following disagreements with Rahul Bhatia regarding corporate governance since February 2022.
NPCI, in a circular dated May 21, 2025 asked all banks and payment service providers (PSPs) to keep a close check on the usage of ten high-frequency APIs on the UPI network.
Today, on my way to the office in Patna, the capital of India’s poorest state, Bihar, a crowd by the service road caught my eye. My first thought was the usual suspects: a political gathering,...
Following SEBI nod, JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and global asset manager BlackRock, can now commence operations as an investment manager for mutual fund business in India
The State-owned insurer posted a 38 per cent y-o-y increase in net profit to ₹19,013 crore in Q4FY25 on lower expenses and an increase in investment income
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