State-owned power giant NTPC raised USD 750 million through External Commercial Borrowing (ECB) to fund its business expansion. Bank of Baroda acted as the lead arranger and underwriter of the syndicated term loan facility. The proceeds of the facility will
The Nifty 50 index, which had been hovering just below the 25,000 mark, surpassed the key milestone on Wednesday and closed at 25,141—a level last seen on 14 October. Over the past three trading sessions, the index had been consolidating
Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and foreign fund inflows. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex
Data since 2005 show that the five years with the highest rainfall saw average market returns of 8.98 per cent, while the five driest years returned 25.7 per cent on average. Illustration: Dominic Xavier/Rediff A shortfall in monsoon rains
The country’s largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e-Vitara due to the shortage of rare earth magnets, industry sources said. Photograph: Anushree Fadnavis/Reuters The auto major is looking to produce around 8,000 units of
Dismissing allegations that Indian pharmaceutical companies copy products of Swiss firms, Commerce and Industry Minister Piyush Goyal on Tuesday said it is a long-standing myth and India respects intellectual property rights and never steals technology from others. Image used for
Mumbai-based non-banking financial company (NBFC) IIFL Finance Ltd is set to raise up to ₹600 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, the company said in a regulatory filing on Tuesday. The fundraise is
Wall Street stocks were muted on Tuesday as investors awaited the outcome of ongoing trade talks between the United States and China. At the opening bell, the Dow Jones Industrial Average fell 23.5 points, or 0.05%, to 42,738.27. The S&P
The company had announced similar pricing for Sri Lanka, where its application was in advanced stages of regulatory clearance. IMAGE: Kindly note that this image has been posted for representational purposes only. Photograph: King courtesy, Pixabay Despite India’s large market
With the regulatory approval from the US Department of Energy in its kitty, Indian multinational conglomerate L&T is planning to focus on manufacturing small modular reactors (SMRs) to play a leading role in the commercialisation of nuclear energy in India.
