RBI had Wednesday put curbs on Paytm Payments Bank, a banking partner of Paytm, which included prohibitions on onboarding new customers and operating its mobile wallet services.
Bob World app has 8.1 million daily transactions, while 43% of time deposits are obtained through the app, the bank had said in its quarterly presentation in August.
The company on Monday said it would separate its hotel business from its cigarettes and food unit, while retaining 40% stake in it, with ITC shareholders holding the rest.
Some industry representatives said the tax would eat into earnings despite Finance Minister Nirmala Sitharaman saying the decision was taken after consultation with states.
The rise in domestic equities follows a rebound in the US and European markets amid news that a large group of banks was infusing cash into lender First Republic Bank.
The plan comes as Spicejet's cash reserves dwindle and new entrant Akasa Air jostles for a share of the market and rival Air India ramps up its revamp plans.
Shares of Adani Green Energy, Adani Total Gas, Adani Power were down 5%, while Adani Transmission rose 3.5%, Adani Enterprises was also up by 9.5% & Adani Wilmar gained 5%.
The rebound comes after the recent selloff in Adani group stocks, which has caused a rout of over $100 billion in market capitalisation after Hindenburg's report on 24 January.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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