Adani Enterprises Ltd (AEL), the flagship company of the Gautam Adani-led conglomerate, has announced a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to Rs 1,000 crore, offering yields of up to 9.3% per annum.The NCD issue, which opens for subscription on July 9 and closes on July 22, marks AEL’s…
Brics nations on Sunday jointly called on advanced economies, global financial institutions and the private sector to provide “substantial” climate finance for developing countries, asserting the need for predictable, equitable, and affordable funding to meet the goals of the Paris Agreement and the UNFCCC.In a joint statement released after the meeting of Finance Ministers and…
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Chennai Petroleum Corporation, and KPR Mill are the top stock picks for the upcoming week. Here’s his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon:Index View: NiftyThe benchmark…
This is an AI-generayed image, used for representational puposes only. Public sector banks (PSBs) are set to recruit around 50,000 personnel in the ongoing financial year, with nearly 21,000 officer-level appointments, as lenders look to expand operations and boost customer services. The bulk of the recruitment drive will be led by the State Bank of…
Six of India’s ten most valued companies collectively lost Rs 70,325.5 crore in market valuation last week, led by HDFC Bank and ICICI Bank, as domestic equities slipped amid global uncertainty and investor caution.The BSE Sensex dropped by 626.01 points or 0.74 per cent during the week, weighed down by sustained foreign portfolio investor (FPI)…
Saudi Arabia, Russia, and six other key members of the OPEC+ group have announced rising oil production by 548,000 barrels per day (bpd) in August, more than what analysts had predicted. Experts were expecting the group to stick to an increase of 411,000 bpd, which had been the monthly target for May, June and July….
SEBI Chairman Tuhin Kanta Pandey Capital markets regulator Sebi stepped up surveillance for the stock market and warned that any kind of manipulation will not be tolerated. Sebi Chairman Tuhin Kanta Pandey made this clear on Saturday, a day after the regulator passed an interim order against US-based hedge fund Jane Street Group.Pandey said monitoring…
Union minister Nitin Gadkari on Saturday raised concern over the growing number of poor people in the country, saying that wealth was increasingly being concentrated in the hands of a few. Speaking at an event in Nagpur, the road transport and highways minister stressed the need for decentralisation of wealth and inclusive economic growth. “Slowly…
India has become one of the most equal societies in the world, ranking fourth globally in income equality with a Gini Index of 25.5, according to the latest World Bank data.India stands next only to the Slovak Republic, Slovenia, and Belarus which have better income equality scores. India’s score is better than that of major…
Labubu fans around the world are struggling to keep up with a growing wave of fakes, known as “Lafufus,” dolls that look just like the real thing. These knock-offs are fooling even the most alert collectors, despite Pop Mart’s efforts to stop the spread. Pop Mart, the Beijing-based brand behind the popular Labubu dolls, uses…
