Raise

The conglomerate has bond repayments of $3.2 billion coming up over the next two years. About $2 billion worth of bonds are slated for redemption in 2024 — half of which are due as early as January — and another $1.2 bn in 2025, according to Bloomberg data.

SpiceJet plans to raise fresh capital on July 12 amid financial crisis and legal disputes

The capital raising is subject to approval of the shareholders of the company and receipt of applicable regulatory approvals, SpiceJet said in a regulatory filing on July 9.

BYJU's in process to raise $700 million at flat valuation

The company expects to close fundraising of about USD 250 million soon and finish the entire funding round in about two weeks, another source said.

IDFC First Bank to raise Rs 2,196 crore via preferential allotment of shares

The shares will be preferentially allotted to IDFC Financial Holding Company at a price of Rs 58.18 per unit, the bank said, adding that the allottee's state stake will subsequently increase from 36.37 percent to 39.99 percent.

Bitcoin rises 2.3% to $23,199

Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.

Rate hikes have begun to quell US inflation

“We’re beginning to see the kind of actions that we need to see,” Mester, president of the Federal Reserve Bank of Cleveland, said in an interview with The Associated Press. "Good signs that things are moving in the right direction ... That’s important input into how we’re thinking about where policy needs to go.”

Crypto's ties to sports raise ethical questions

The bankruptcy of FTX and the arrest of its founder and former CEO are raising new questions about the role celebrity athletes such as Tom Brady, Steph Curry, Naomi Osaka and others played in lending legitimacy to the largely unregulated landscape of crypto, while also reframing the conversation about just how costly blind loyalty to favorite players or teams can be for the average fan.

Indian-origin self-made millionaire shares pointers on how to ask your boss for a raise

Ramit Sethi is also the author of New York Times bestselling book 'I Will Teach You To Be Rich'.

Dhan and TradingView partner to allow Indian investors to trade directly on TradingView

The partnership will allow users to access TradingView's core product - Connect to Trading Panel.

Maharashtra logs 130 new coronavirus cases, 2 deaths; active tally at 1,320

The state-wide coronavirus death toll increased to 1,48,398 after two patients -- one each in Mumbai and Navi Mumbai -- succumbed to the respiratory illness in the last 24 hours, said a health department bulletin.

Dollar sags, stocks rise after U.S. jobs temper rate expectations

The Bureau of Labor Statistics said 261,000 workers were added to non-farm payrolls in October, above expectations for an increase of 200,000, but so did the unemployment rate, which rose to 3.7%, suggesting that some of tightness in the labour market could be easing.

Electronics Mart shares settle over 43% higher in market debut

Shares of the company ended at Rs 83.70 apiece, a jump of 41.86 per cent.

RBI raises minimum capital requirement for setting up ARCs to Rs 300 crore

The existing ARCs have been given a glide path to meet the minimum net owned fund (NOF) requirement till April 2026, the RBI said in a circular amending the existing regulatory framework for such entities.

Oil falls on fears of global recession, China COVID flare-up

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remains a continuing problem.

Dollar gains as U.S. stocks drop; euro, sterling fall

The euro was down 1.4% at $0.9852 after rising 1.7% on Tuesday.

Sterling helped by tax cut U-turn, yen steadies past 145 per dollar

The pound touched $1.128 after media reports of the u-turn, its highest level since Sept. 22, the day before British finance minister Kwasi Kwarteng sent markets tumbling with a new "growth plan" to cut taxes and regulation, funded by vast government borrowing.

Oil prices rise on surprise drop in U.S. crude, fuel stocks

Brent crude futures were up $1.69, or 2%, at $87.96 per barrel by 10:41 a.m. EST (1441 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose $2.14, or 2.7%, to $80.64 a barrel.

Yen strengthens after Japan intervenes for first time since 1998

The dollar was last down 1.17% at 142.42 yen. It hit a low of 140.31 after the intervention, having earlier reached a fresh 24-year peak of 145.9 yen.

Sturdy dollar, looming rate hikes push gold to worst week in 2 months

Spot gold was 0.2% lower at $1,660.96 per ounce by 9:56 a.m. ET (1356 GMT), having earlier touched its lowest since April 2020 at $1653.10, and down about 3% so far this week. U.S. gold futures fell 0.4% to $1,670.40.

Gold slides as dollar, yields rise on Fed concerns

Bullion is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of holding the non-yielding metal.

Silver futures drop by Rs 1,015 to Rs 55,402 per kg

On the Multi Commodity Exchange, silver contracts for December delivery declined by Rs 1,015 or 1.8 per cent to Rs 55,402 per kg in a business turnover of 20,121 lots.

Gold prices fall Rs 265; silver price slides Rs 786

On Tuesday, the level was Rs 58,030 per kg.

King dollar stomps on yen, sterling under heavy pressure

The dollar soared as high as 144.99 yen , up 1.5%, hitting the level for the first time since August 1998. It is now within a large leap of its 1998 high of 147.43.

Oil prices swing on Russian supply fears and economic woes

After session lows not seen since before Russia's invasion of Ukraine, Brent crude futures were up 2 cents, or 0.02%, at $92.85 a barrel at 1202 GMT while U.S. West Texas Intermediate crude gained 9 cents, or 0.1%, to $86.97.

Rupee falls 4 paise to 79.82 on strong dollar

It hovered in a range of 79.77 to 79.91 during the session.