Thu, Jan 16, 2025 9:55 PM
Delhivery share price jumps 3% after launch of 2-hour delivery service
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The shares of Trent, the fashion and retail arm of the Tata Group, witnessed a decline of 3.7% on Thursday and hit their day's low of Rs 6,152.50 on the BSE after domestic brokerage firm Kotak Institutional Equities downgraded the stock to ‘sell’ from an earlier ‘add’ rating. The domestic brokerage has also lowered the target price for Trent shares to Rs 5,850 from Rs 6,800.
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India's steel ministry is seeking 150 billion rupees from the budget to incentivize low-carbon steel production, part of a broader effort to cut emissions by 2070, with plans to offer incentives for reducing emissions, R&D, and raw material efficiency, and encourage banks to offer lower interest rates on renewable energy loans.
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Banks in India are repricing deposit rates to address a liquidity crunch, introducing new products with marginally higher interest rates to retain depositors, amid a Rs 2.22 lakh crore deficit in the past six months. Banks like Federal Bank, IDBI Bank, and Indian Bank have launched special deposit schemes with rates up to 8.05%.
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