Enhanced Group board approves 1-for-10 reverse stock split
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Australian Treasurer Jim Chalmers said on Tuesday that the latest interest rate hike was widely expected and anticipated, and that doesn’t make it any easier for people, Reuters reported.
Tata group stocks declined after Tata Trusts proposed restructuring Tata Sons to potentially remove its NBFC and CIC classification, which could allow the holding company to remain private and ease regulatory requirements linked to a listing.
The Reserve Bank has hiked the official cash rate to 4.6 per cent, the highest level since 2011.
The board’s decision will add about $91 a month to repayments on a typical $600,000 mortgage with 25 years remaining.
Ola Electric Mobility’s board has approved raising up to Rs 1,000 crore via a rights issue of partly paid-up shares to bolster its capital structure.
Vikram Solar shares rose 3% after securing a 400 MW module supply order for decentralised solar projects across Maharashtra. The company will supply 620 Wp N-Type TOPCon G12R modules from October 2026 through March 2027.