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RBI’s repo rate increase will hit the car industry: FADA

The automobile industry is still not out of the woods and the Reserve Bank of India's (RBI) move to increase the repo rate by 45 basis points will make vehicle loans expensive, said a top official of the Federation of Automobile Dealers Association (FADA).

LIC IPO: One third shares subscribed in two hours

The country's largest IPO will remain open for public subscription till May 9. LIC has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. Policyholders are offered a discount of Rs 60 per equity share, while retail investors and employees are offered a discount of Rs 45 on each share.