Crisil expects the government led PLI scheme to help aggregate industrial capex increase 1.3 times through fiscals 2022-2024 in comparison to fiscals 2018-2020, potentially generating Rs 2.2 lakh crore of capex led by sectors like battery, automotive, and specialty steel.
Indian stocks continued their record-setting climb on Monday, ignoring the jitters in global markets as rising bond yields and firming oil prices kept investors on edge. The Sensex inched closer to 62,000 and the Nifty crossed 18,500 briefly for the first time as investor appetite for stocks showed no signs of ebbing despite concerns over elevated share valuations.
HUL, Nestle, ICICI Pru Life, L&T Technology, ACC, ICICI Securities, Navin Fluorine , DCM Shriram, Jubilant Ingrevia, Tata Steel BSL, Sonata Software and Network 18 are among the companies that will announce their September quarter results today.
Gold prices inched up on Tuesday, as a decline in the dollar and U.S. bond yields provided some support to the precious metal. Spot gold rose 0.2% to $1,767.91 per ounce by 0126 GMT. U.S. gold futures rose 0.2% to $1,769.60.
​​ This penalty has been imposed in exercise of powers vested in the RBI under the Banking Regulation Act, 1949, it said. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, it added.
The non-convertible, taxable, perpetual, subordinated, unsecured bonds of the face value of Rs 1 crore each aggregates to Rs 6,000 crore.
APSEZ in a BSE filing said that NCDs will be listed on the Wholesale Debt Market segment of BSE Limited.
Banks parked Rs 2.08 lakh crore last Thursday through the overnight reverse repo window, less than one-third of this financial year’s peak at Rs 7.29 lakh crore on April 6.
BC India Investments today sold 5 million shares of Himadri Specialty Chemicals at Rs. 51 apiece through a bulk deal on the BSE.
The company had filed its draft red herring prospectus (DRHP) with Sebi on August 2, seeking to raise Rs 6,017 crore ($809 million) through an IPO.
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