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While growth in passives remained steady, the love for alpha funds was quite evident.

The RBI added in a separate statement that it has revoked the CoRs of four non-bank financial companies (NBFCs): Kamdhar Leasing and Finance Ltd., R.M.B. Finance Company, Nimisha Finance India, and Suyash Finovest.

HG Infra Engineering also secured a contract for the construction of a 4-lane elevated corridor at Kalimandir-Dimna Chowk-Baliguma (Jamshedpur) section of NH-33 (New NH-18, from km 241.940 to km 251.961) under NH(O) on Engineering, Procurement and Construction (EPC) mode in Jharkhand.

Adani clarified that the group has no interest in bidding for AAI’s residual shares in Delhi, Bengaluru, and Hyderabad airports.

Investors can apply for shares in lots, with one lot comprising 50 shares of the automobile retailer company. The IPO comprises a combination of fresh shares and OFS (Offer for Sale). The company aims to raise ₹601.55 crore from its IPO, with ₹250 crore from the issuance of fresh shares and the remaining ₹351.55 crore reserved for the OFS.

The company also secured a letter of award (LoA) from the Himachal Pradesh State Electricity Board for infrastructure development in both the North and South zones, with project costs of ₹409.65 Crore and ₹888.56 Crore, respectively, to be completed within 24 months.

Power Grid transmits approximately 50% of India's total generated power through its transmission network.

According to the statement, Deloitte provided help for Finance & Tax diligence, Indus Law provided legal counsel, and Avendus acted as the transaction adviser. The deal is anticipated to be completed on March 31, 2024.

Tailwinds for domestic manufacturers is being provided government support for local production through productivity-linked incentive (PLI) schemes

Cipla, Adani Enterprises, ITC, Bajaj Auto, and Tata Motors were the top losers on the Nifty 50