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The dollar index hovered at a one-month high against a basket of currencies on Wednesday as remarks by Federal Reserve Governor Christopher Waller dampened expectations for a March rate cut.

Credit cards can be used to pay bills and for shopping both online and offline provided the total payment is within the credit limit provided by the issuer. Credit card issuers offer interest-free credit periods ranging from 20 to 50 days. It is typically the period between the date of your purchase and the next payment due date.

Both the banks are meeting prospective lenders in a bid to distribute the loan to a wider network of banks across Asia, people familiar with the transaction said. "This is a five-year loan raised at about 125 basis points above the corresponding benchmark secured overnight financing rate (SOFR) and is likely to be syndicated to other lenders in the region by next month," one of them said.

Tesla dropped 2% after the electric-vehicle maker slashed prices of its Model Y cars in Germany a week after reducing prices for some China models.

Nine out of 10 business leaders expect growth in profit and revenue, but also expect increased capital expenditure and higher credit, a survey of 300 top corporate executives showed.

The margin trading funding (MTF) book for the stockbroking industry has increased to ₹54,537 crore as on January 16, compared with ₹29,500 crore in January last year and about ₹7,100 crore in February 2020, according to data compiled by ratings firm ICRA.

​​The company posted a 13.5% growth in consolidated revenue of 210.5 crore in FY23 against 185.5 crore in FY22. Consolidated net profit grew almost 50% to 20.5 crore as on March 31, 2023, against 13.7 crore on March 31, 2022.

The firm has also announced an interim dividend of 4 per share. Shares of IIFL Finance closed 1.85% higher on the BSE at 651.40 on Wednesday.

After almost a year of investing in Pricol Ltd, Minda Corporation exited the automotive component maker by selling its entire 15.7% stake through the open market on Wednesday.