ICICI Bank on Monday said that it will consider raising funds by issuance of debt securities at its board meeting scheduled on April 22. “The Board of the Bank at its meeting scheduled on April 22, 2023, will consider fundraising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple […]
Benchmark indices are likely to open on a negative note, hinted SGX Nifty on Tuesday as Nifty futures traded lower at 18167 on the Singapore Exchange. In the previous session, BSE Sensex rallied 327 pts to 61,168, while NSE Nifty 50 jumped 92 pts to 18,197 “Metals are likely to continue its northward movement as […]
In yet another incident, school children in Karnataka’s Shivamogga were allegedly made to clean toilets. A video of the students went viral on social media, prompting the District Block Education Officer to file a report. The students studying at Guddada Neralakere village in the limits of Komaranahalli gram panchayat were allegedly seen cleaning toilets. This […]
The uncertainty over the taxability of capital returned to unitholders of real estate investment trust (REITs) and infrastructure investment trusts (InvITs) has spooked investors in these vehicles. The proposed amendment in the Finance Bill 2023 seeks to tax repayment of debt to such unitholders as ‘income from other sources’ under Section 56(2)(xii) of the IT […]
By Royce Varghese WTI Crude oil futures ended the previous week 3.5% higher and closed at $92.09 per bbl, amid bullish IEA outlook, raising its oil demand estimate for 2022. The Paris based agency said higher natural gas and electricity prices will lead to more gas-to-oil switching and forecasted a near 20% drop in Russia’s […]
Reliance Industries chairman Mukesh Ambani celebrates his 66th birthday today. Mukesh Ambani was born on April 19, 1957 in Yemen’s Aden and later moved to India. He was brought up in Mumbai. The business tycoon studied chemical engineering from the University of Bombay before joining his family business, Reliance Industries Ltd (RIL), in 1981. RIL […]
SGX Nifty traded in the red, indicating a lower start for the domestic Indian equity markets at 17,514, down 61 points. On Monday, markets extended their gaining streak, as Nifty rose 0.22% to 17,398, while Sensex added 114 points to settle at 59,106. Markets were closed on Tuesday, 4 April on account of Mahavir Jayanti. […]
Adani Group stocks continued their slide on Tuesday, with six stocks hitting their lower circuit of 5% and the flagship Adani Enterprises slumping over 7%. This followed reports questioning the debt repayment claims by the group. The reports claimed that despite the group announcing it has repaid over $2 billion of debt, banks were yet […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading higher on Monday as a result of positive global cues, while the silver rate is up 0.72%. On Multi Commodity Exchange, gold February futures were trading at Rs 56,057 per 10 grams, up Rs 314 or 0.56%. Silver March futures were trading […]
HDFC Bank on Wednesday informed that the Board of Directors has recommended the reappointment of Atanu Chakraborty as the part time non-executive chairman and independent director of the Bank to the Reserve Bank of India (RBI) for a second term of three years. “The Board of Directors of the Bank at its meeting held today, […]
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