Last year, the board of IDFC Ltd and IDFC Financial Holding Company Ltd had approved the divestment of mutual fund business, IDFC AMC.
Post the merger, INOX promoters will have 16.66 per cent stake in the combined entity, while PVR promoters will hold 10.62 per cent stake.
India added about 42 unicorns in 2021 as against 37 unicorns created in the previous 10 years together. Globally, India ranks third in the world in terms of total number of unicorns.
The central bank said that manufacturing and services remain in expansion with optimism on demand parameters and uptick in consumer and business confidence.
Kristalina Georgieva said that there is "no one-size-fits-all model" for CBDCs as there is no universal case for them because each economy is different.
Royal Enfield sold 1,67,664 motorcycles during December quarter, a decline of 15.6 per cent from the corresponding quarter of the previous year.
Revenue from operations grew 36 per cent to Rs 1,098.4 crore from Rs 808 crore in October-December quarter of 2021.
The Ministry of External Affairs today said it had summoned the Ambassador of the Republic of Korea on posts by Hyundai's social media handles.
While Hyundai India said it stands firmly for its "strong ethos of respecting nationalism", many Twitter users called for boycotting its products.
The bank's net interest income rose 14.4 per cent YoY and 13 per cent QoQ to Rs 8,552 crore.
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