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The acquisition would help the company in achieving its renewable-led capacity growth target of 20 gigawatt (GW) before fiscal 2030, the company said in its statement.

The decision follows a brand-related ambiguity between Max Life PFM and Axis Pension Fund Management Limited (Axis PFM), a pension fund management entity within Axis Bank’s group.

Reliance Infrastructure’s shares closed 1.2% lower before the announcement of the notice, closing at ₹298.50 on Friday. The stock has, however, risen by nearly 50% year-to-date.

SEBI has withdrawn the recognition granted to the Indian Commodity Exchange Ltd (ICEX), marking its formal exit from the exchange business after fulfilling regulatory requirements, including financial and compliance reviews.

Markets watchdog SEBI on Friday clarified the rules for transfer and transmission of shareholding among immediate relatives for investment advisers, research analysts, and know your client (KYC) registration agencies (KRAs).

The reserves have been declining for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of $704.885 billion in end-September.

India’s current account deficit (CAD) reached $11.2 billion (1.2% of GDP) in Q2FY25, while the balance of payments (BoP) surplus surged to $18.6 billion, the Reserve Bank of India said.

The average monthly per capita consumption expenditure (MPCE) in rural areas increased to ₹4,122, while in urban areas it was ₹6,996 at current prices, as per the survey for FY24. Notable growth was recorded for the bottom 5% of the population, government data revealed.

The portfolio under consideration consists of unsecured stressed microfinance institution (MFI) loans. Shares of the SFB ended 1.17% in the red on Friday, December 27. The stock has fallen 33.69% in 2024 so far.

India’s new revenue secretary: The 1992-batch Bihar cadre IAS officer, Arunish Chawla, is now at the helm of the revenue department just a month before the government is set to present its second full budget in the third tenure of PM Narendra Modi’s NDA government.