SBI Reports flat net profit of ₹17,035 crore for Q1 FY2024
The Q1 results, unveiled on Friday, reflect the bank's steady financial health amidst a challenging environment marked by global economic uncertainties and domestic market fluctuations.
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Ola Electric’s IPO draws $2 billion in institutional bids
Ola Electric's IPO has garnered over $2 billion in bids for the $330 million institutional allocation. Key investors include SBI, HDFC Mutual Funds, Nomura, and Norges Bank, reflecting strong market confidence in the company's future.
Nifty surges above 25,000; Sensex ends higher as energy stocks lead
On August 1, Nifty closed above 25,000, and Sensex ended higher, buoyed by a surge in energy stocks. The Nifty rose 0.24% to 25,010, while the Sensex gained 0.15% to 81,867.
Indian regulators contemplate exemptions amid concerns over recent AIF investment rules
In response to inquiries, an SBI spokesperson affirmed that the bank is assessing the impact on its AIF portfolio in light of the RBI guidelines and emphasized a commitment to ensuring compliance.