45 train services cancelled

Indian banks have sought RBI approval to spread mark-to-market losses on investment portfolios across the remaining three quarters, citing bond-market volatility triggered by the West Asia crisis. Rising government bond yields have weighed sharply on banks’ treasury income.

Kusumgar’s ₹650 crore IPO will open on July 8 with a 33% grey market premium. The engineered fabrics maker, serving defence and aerospace sectors, is launching a pure offer for sale, while two SME IPOs are also scheduled next week.

Ola Electric faced a significant downturn in its June quarter operations, reporting a steep forty-five percent decline in revenue compared to last year. The company earned four hundred fifty-five crore rupees in the first quarter, with vehicle registrations also dropping as compared to the previous year. Despite this, Ola’s net loss displayed a slight improvement,…