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The bank is offering the entire pool on a 100% cash basis, aiming to optimise its balance sheet and improve liquidity.

Shares of Gensol Engineering shed 4.3% of their value today to close at ₹715 on Thursday. Over the course of one month, the stock has lost 11.4% of its value.

The Qualified Institutional Buyers (QIBs) portion was subscribed 317.63 times, while non-institutional investors submitted bids 263.40 times more than the available shares. Retail Individual Investors (RIIs) participated heavily, with their portion receiving 56.16 times subscription.

The group currently employs over one million people, with Tata Consultancy Services (TCS) accounting for 60% of the total workforce. Tata Steel comes in a distant second with a headcount of 78,321.

According to Sajjid Chinoy, Head of Asia Economic Research at JPMorgan, while a February rate cut remains a “live” possibility, its realisation depends on favourable inflation dynamics and the absence of external shocks.

The Finance Ministry’s monthly economic report says that the economy is expected to grow at around 6.5% in FY25. That’s a bit of a departure from the earlier range of 6.5-7%. It also says that the RBI’s monetary policy stance may have contributed to a demand slowdown in the first half of this year.

Industry leaders advocated for a more robust tax framework to support Global Capability Centres (GCCs). They recommended refining safe harbour rules and accelerating the implementation of advance pricing agreements. These measures, they argued, are critical for fostering international business operations.

The world’s second-biggest economy has struggled this year, mainly due to a property crisis and tepid domestic demand.

The lender sold 57.71 lakh equity shares with a face value of ₹2 each, representing its 8.16% shareholding in the investment bank. Following this transaction, RBL Bank no longer holds any equity stake in DAM Capital. RBL Bank shares closed ₹1.41 (0.86%) lower at 161.60 apiece on the NSE on December 26.

HMA Agro, which was listed on the domestic bourses in July last year, is an exporter of frozen buffalo meat products from India and accounts for more than 10 percent of India’s total export of frozen buffalo meat.