Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India's tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks.
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U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has proven stickier, and some investors had begun to worry.
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In Q4 FY24, the promoter's holding surged to 94.97 percent, a remarkable rise from the previous 0.01 percent. The company's stock is consistently hitting upper circuits. Ujaas Energy Limited is engaged in the generation of solar power, manufacturing, sales, and services of solar power plants or projects, as well as manufacturing and sales of electric vehicles.
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