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Dispelling rumours about its financial health after the Yes Bank crisis came to light, RBL Bank on Tuesday said it was financially strong, well-capitalised, profitable and a growing entity with a strong governance set-up.
The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 1.06 times, while those of non institutional investors was subscribed 1.48 times and that of retail individual investors (RIIs) was subscribed 0.84 times, the data showed.
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IMF in July had estimated India’s GDP forecast at 6.1 per cent for 2023-24. However, this is lower than the RBI’s latest estimate of 6.5 per cent for the current financial year.
Kaynes Technology IPO Date, Price, Review: Shares of IoT solutions-enabled integrated electronics manufacturer Kaynes Technology India made a strong debut on Tuesday, getting listed at a premium of over 32 per cent from their issue price on the stock exchanges.
Ahead of the monsoon season, Samajwadi Party legislator Rais Shaikh has demanded a thorough review of the nullah cleaning works in the city and called for severe action against contractors for failure to carry out the work properly. Shaikh wrote a letter to BMC chief Bhushan Gagrani on the issue on Wednesday.
Earlier this month, Bhullar had sparked controversy following certain remarks against former Congress MLA Harminder Singh Gill during an election rally in Tarn Taran district’s Patti. He purportedly demeaned two castes with his statements and spoke poorly about the Congress leader. Following rampant criticism, he released a video apologising to the communities but did not apologise to Gill.
Reubens, 70, died overnight after a years-long battle with cancer, the post said.