The private lender, IDFC First Bank in its annual report, addressed the concerns that some of the investors would have about its exposure to the cash-strapped telecom service provider.

In a note to its shareholders, IDFC First Bank Managing Director and CEO V Vaidyanathan said “I would now like to directly address the concerns that some of you would have about our exposure to Vodafone Idea. Let us hope the government supports the industry; out of the total dues of the company about ₹1.5 lakh crore are owed to the government itself and hence they will be keen to solve this issue. In any case, we have a lot of growth capital by our side.”

On Tuesday Asian Paints Ltd hit ₹3 trillion market capitalization after its shares hit a contemporary document excessive with gaining over 14% to date this 12 months.

The stock hit an all-time high of ₹3,178 on BSE and rose as much as 6.66%. At 2.50 pm, the script was trading at ₹3,144, up 5.53% from its previous close. So far this year it rose 14.67%.

Managing Director of Asian paints Amit Syngle said “This has been a resilient performance across all businesses despite the challenges posed by the second covid wave across markets, which disrupted business continuity from the second fortnight of April 2021. We registered strong growths in April 2021 and a robust resounding rebound in June 2021, post-May 2021 which was impacted in a big way.”