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In a letter HUD sent Wednesday to the complaining parties, which was obtained by the Tribune, the agency said it was closing the case to instead focus on "real concerns regarding fair housing."
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News and Media
Governor Sanjay Malhotra observes a shift in India's financial savings from bank deposits to equities, viewing it as a positive sign of economic growth and a move towards a balanced asset mix. This trend is fueled by declining deposit rates, prompting savers to seek higher returns in the equity market. RBI's repo rate adjustments have further contributed to this shift.
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News and Media
National Securities Depository Ltd (NSDL) debuted strongly on the market at 880, a 10% premium over its IPO price of 800, and closed 17% higher at 936. The 4,012-crore IPO was heavily oversubscribed, reflecting strong investor demand. NSDL's market capitalization reached 18,720 crore, while its peer CDSL boasts a market value nearly double that amount.
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