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MUMBAI: Indian bank stocks outperformed the broader market in the Oct-Dec quarter, with valuations rising sharply after GST cuts ahead of the festive season lifted consumption and strengthened expectations of a pickup in credit growth. Data from S&P Global Market Intelligence show the combined market capitalisation of the top 20 listed banks rose to about…

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The Union Cabinet on Wednesday approved a relief package for debt-laden Vodafone Idea, freezing adjusted gross revenue (AGR) dues of Rs 87,695 crore and rescheduling their repayment over a 10-year period from FY32 to FY41, sources told PTI.As part of the decision, the Department of Telecommunications will reassess the frozen AGR dues based on Deduction…

MUMBAI: A global sell-off in a large number of technology stocks affected investor sentiment on Dalal Street on Tuesday, resulting in sensex sliding by 1,069 points or 1.3% to close at 82,226 points. The current sell-off is on the back of fears that AI models could upend established business models of a large number of…