State Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following recent tariff increases. This decision aims to prevent SBI from facing US and European Union restrictions. The move follows EU sanctions restricting Russian fuel imports and a price cap on Russian crude, impacting banks with international operations.
Kotak Mahindra MF, Fidelity, Morgan Stanley, and Citigroup Global Markets Mauritius are among those entities that collectively bought a 10.64 per cent stake in Home First Finance Company India for Rs 1,307 crore through open market transactions on Monday.
Snapping a five-day rally, gold prices retreated from record high levels and ended Rs 900 lower at Rs 1,02,520 per 10 grams in the national capital on Monday as stockists turned to selling amid easing geopolitical tensions.
