The Government today said it will soon address issues affecting the real estate sector after industry bodies and homebuyers met Finance Minister Nirmala Sitharaman to flag their concerns regarding liquidity crunch, demand slowdown and stalled projects.
YES Bank announced appointment of Anurag Adlakha as the group’s chief financial officer (CFO) following approval from the board of directors.
The Government is working on a proposal to allow 100% FDI in contract manufacturing to attract overseas investments, sources said. The commerce and industry ministry is working on a proposal that would be finalised soon and sent for Union Cabinet’s approval.
7 of the 10 most valued Indian companies together added ₹ 87,965.88 crore in market valuation last week. The m-cap of HDFC Bank jumped ₹ 18,264.93 Cr to ₹ 6,23,892.08 Cr and that of ICICI Bank went up by ₹ 6,237.72 Cr to ₹2,71,360.08 Cr. The valuation of Kotak Mahindra Bank rose by ₹ 4,993.29 Cr to ₹ 2,92,866.47 Cr. In contrast, the m-cap of SBI dropped ₹ 15,261.1 Cr to ₹2,60,018.56 Cr.