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Retail inflation eased to an 18-month low of 4.7% in April from 5.66% in the preceding month, sliding toward the Reserve Bank of India’s target 4% rate, suggesting the central bank may continue to hold policy rates at current levels for longer.
Byju’s has closed a ₹2,000-crore round from Davidson Kempner Capital in a structured credit transaction against the cash flows of its test prep subsidiary Aakash Educational Services, two people directly aware of the development told ET.
The Supreme Court said on Friday it’s inclined to grant only three more months to the Securities and Exchange Board of India (Sebi) to complete the probe into US short-seller Hindenburg Research’s allegations against the Adani Group.
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