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HDFC Bank Stock Hits Record-high On Hopes Of MSCI Inclusion

HDFC Bank may get up to USD 5 billion in MSCI funding as a result of this inclusion

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Bansal Wire Industries IPO Opens On 03 July; Experts Issue Subscribe Rating

Listing is expected at around Rs 320 to 330 per share, resulting in a listing gain of around 25 per cent, says expert

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Japan Launches High-tech Banknotes To Combat Counterfeiting, Boost Digital Economy

The banknotes utilise a holographic technology that creates three-dimensional portraits visible from different angles, a first in the world of paper currency

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Kotak Bank Denies Allegation; Says Hindenburg Never Been A Client

Kotak Mahindra International and K India Opportunities Fund unequivocally state that Hindenburg has never been a client of the firm nor has it ever been an investor in the fund

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Hindenburg Drags Kotak Bank In Controversy; Responds To Sebi’s Notice

Sebi is screening Kotak Bank’s role in Adani shares short selling, alleges Hindenburg

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Commercial Banks Raise Record Rs 1.45 Tn Through Certificates of Deposit; 76% YoY Growth

Lower short-term rates and reduced treasury bill supply drive a surge in certificates of deposit issuances

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World Bank Approves $1.5 Bn To Support India's Low-carbon Energy Sector

"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.

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UBS Offshore Accounts: Sebi's Half Baked Case Against Indian Billionaires

Round Tripping of funds via Offshore Accounts linked to UBS Pluri was much hyped when SEBI summoned Anil Ambani in 2010. Unitech's Sanjay Chandra, liquor baron Vijay Mallya and Jai Shroff of United Phosphorus were also under the probe. Ambani and his associates together paid Rs 50 crores and faced debarment from stock markets, Chandra got clean chit and nothing yet on Mallya and Shroff. Another steel and oil businessman is untouched

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How Indusind Bank's Public Shareholders May Be losing Out To Promoters

Unlike India's other large banks, all the para banking assets are being acquired by promoter entity IIHL instead of Indusind Bank, which has the same aspirations. Promoters gain but are public shareholders of the bank losing out?

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Finance Ministry Urges Banks To Enhance Customer Experience & Financial Inclusion

In a meeting in New Delhi on Tuesday, Department of Financial Services (DFS) Secretary Dr. Vivek Joshi chaired a meeting where initiatives such as CKYC, the Jan Samarth portal, Aadhar seeding, and other relevant schemes were reviewed.

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