Markets regulator Sebi has granted in-principle approval to the registration of 'Raajmarg Infra Investment Trust' (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements during the next six months, an official statement said on Friday.
Tenneco Clean Air India reported a 10% YoY profit rise to 150 crore and nearly 10% revenue growth in its first post-listing quarter. EBITDA margins stayed strong, while a 9,840-crore lifetime order book boosted long-term visibility despite sequential profit moderation.
The agreement - announced on Friday - follows a weeks-long bidding war where Netflix seized the lead with a nearly $28-a-share offer that eclipsed Paramount Skydance's nearly $24 bid for the whole of Warner Bros Discovery, including the cable TV assets slated for a spinoff.
Former RBI Deputy Governor R. Gandhi highlighted concerns over inflation falling below the MPC's target, necessitating measures to boost growth and production. He clarified the RBI's focus on managing rupee volatility rather than targeting a specific exchange rate, attributing recent depreciation to trade deficits and year-end outflows.
