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Kotak Mahindra Bank The private sector lender has reduced its savings account interest rates by 50 basis points for account balances under Rs 5 lakh, bringing the new rate to 3%, down from the previous 3.5%, reports CNBC-TV18. Earlier, the bank offered two slabs for savings account interest rates: 3.5% for account balances below Rs 50 lakh and 4% for balances above Rs 50 lakh. The savings account rate slabs for balances above Rs 5 lakh remain unchanged. Zomato The Board will meet on October 22 to consider raising funds via a qualified institutional placement (QIP) issue and to review the unaudited financial results for the quarter and half year ended September 2024. Reliance Industries Reliance Brands Holding UK, a wholly-owned subsidiary of Reliance Brands, has deepened its partnership with Mothercare Plc by forming a new joint venture that will own the Mothercare brand and its intellectual property assets across India, Nepal, Sri Lanka, Bhutan, and Bangladesh. Reliance Brands first acquired the rights to the UK-based Mothercare brand for the Indian market in 2018. Reliance Brands Holding will hold a 51% stake in the new joint venture, while Mothercare will own a 49% interest. company is approximately 21% less than the previous allocation, which will adversely impact its profitability. The company is in discussion with key stakeholders to minimize the impact. Mahanagar Gas (MGL) The CNG transport allocation to the company has been reduced by 20%, effective October 16, compared to the previous average quarterly APM allocation. This major reduction in allocation will have an adverse impact on the company's profitability. To bridge this shortfall, the company is exploring options for sourcing gas through domestically produced high pressure high temperature (HPHT) gas, new well/well intervention gas (NWG) from ONGC, and benchmark-linked long-term gas contracts. Mahanagar Telephone Nigam Punjab and Sind Bank has classified the accounts of MTNL as non-performing assets (NPA), effective October 8. Network People Services Technologies (NPST) The Board has appointed Deepak Chand Thakur as Chief Executive Officer of the company, effective October 17. Before becoming CEO, Deepak Chand Thakur was the Chairman and Managing Director of the company. Furthermore, the Board has sought member approval for migrating the company from the NSE Emerge SME exchange to the main board of the National Stock Exchange (NSE) and simultaneously to the BSE. Stocks Trade Ex-Date for Split HEG, Humming Bird Education, Sacheta Metals Stocks Turn Ex-Dividend Tata Consultancy Services, Anand Rathi Wealth Stocks Trade Ex-Date for Rights Bella Casa Fashion & Retail, IGC Industries, Thinkink Picturez Stock Trades Ex-Date for Resolution Plan -Suspension Sumeet Industries

*FII DATA as on 17/10/2024 (fig in crores) Cash Market FII Net (7,421.40) FII Buy 9,721.10 FII Sell 17,142.50 India Vix : 13.39

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