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Following a 6.4% decline the previous week, Brent crude futures increased 85 cents, or 0.9%, to $92.48 per barrel. After falling 7.6% last week, U.S. West Texas Intermediate crude was up 73 cents, or 0.9%, at $86.34 per barrel.

Reddy stated that half of the 50 crore Jan Dhan accounts belong to women after Prime Minister Narendra Modi inaugurated and dedicated 75 digital banking units to the nation.

In accordance with the escalating global oil prices, the government has increased the tax on domestically produced crude oil by Rs3,000 per tonne to Rs11,000 per tonne.

The bank claimed that by lowering the cost of retail loans, it hopes to boost client morale during the holiday season.

In response to an OPEC+ decision last week to reduce output by 2 million barrels per day, India's oil minister Hardeep Singh Puri stated on Friday, "This will harm huge importers like India, who spent over $120 billion last year on the import of petroleum goods."

Compared to the same period last year, the net profit was Rs199.5 crore as opposed to Rs445 crore. For the quarter, the new business premium increased by 7.3% to Rs4253 crore from Rs3963 crore.

The Board of Directors of the Company fixed the record date as Friday, the 28th day of October 2022, at their meeting held on October 13, 2022, according to the filing with the exchange.

According to a statement from the company, net earnings for the period of July through September were down 11.4% to Rs2.26 crore from Rs2.55 crore during the same period last year.

With a $30 million investment, the new investor would receive a 30% ownership in the six-year-old lender, giving it a value of about Rs800 crore.

These companies include, among others, Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement. The most valuable corporation in India by market capitalization, Reliance Industries, has set a goal of being net zero by 2035.