News Overview

This initiative will be conducted over a span of four years.

The provision coverage ratio also increased to 96.96% as of the June quarter, up from 96.85% in the same quarter last fiscal.

Gross non-performing assets (NPAs) stood at 2.62% in the June quarter, compared to 2.11% in the March quarter.

Over the past year, Coal India Limited (CIL) stock has risen by an impressive 111%, and it has gained 27% since the beginning of the current year.

We expect that the budget will introduce policies aimed at stimulating investment, fostering innovation, and driving overall economic growth.

In the broader market, currency movements were muted as traders anticipated central bank meetings in the United States and Japan next week.

The credit facility, amounting to ₹2.96 billion, will be used for the upcoming solar photovoltaic (PV) and battery storage project in Uzbekistan.

Spot gold held steady at $2,398.29 an ounce, following a session in which it hit a low of more than a week earlier. US gold futures increased by 0.1% to $2,397.70.

September Brent crude futures were down 9 cents to $82.31 per barrel. September's price of U.S. West Texas Intermediate crude dropped 10 cents to $78.30 a barrel.

Additionally, the strategy calls for its production sites to switch from thermal coal to power produced from renewable sources.