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Atlanta Fed Bank President Raphael Bostic said on Tuesday the central bank did not need to raise borrowing costs any further, and Minneapolis Fed President Neel Kashkari followed with similar remarks later in the day.

The proceeds to the extent of ₹80.75 crore will be used for funding working capital requirements and general corporate expenses. RBZ is a gold jewellery manufacturer and specialises in Antique gold jewellery.

" I am confident that we are not far from our IPO plans, being the only player to provide a full spectrum of HR services and having a strong geographic presence with 77 offices in 47 locations in India," he said.

​​Chemicals and Petrochemicals with 110 individuals and Industrial Products with 96 are the other industries that have given rise to a large number of richest Indians. The study looked at the wealth of 1,319 individuals across the country with a net worth of at least Rs 1,000 crore.

The exchange is set to go live with its new commodity derivative platform from Monday. The exchange will conduct a mock trading session on October 15.

The central bank’s action comes almost three months after a news network exposed how the bank linked bank accounts to unregistered mobile numbers and signed up these numbers to the application. Even though customers were deregistered after they signed up, it led to an artificial increase in the number of downloads and sign-ups.

After panic signals on Monday, stocks rebounded on Tuesday, brent crude oil shed some gains and the rupee partly recovered and remained only a tad lower against the greenback than the October 6 (pre-war) level, as markets began to gauge the precise impact of the conflict in the absence of any fresh trigger point.

The Reserve Bank of India (RBI) has announced that it will bring state-owned non-banking finance companies (NBFCs) under the prompt corrective action (PCA) framework from October 2023. The central bank will review the financials of these NBFCs as of March 2024. The PCA framework was initially introduced for NBFCs on December 14, 2021, to address their growing size and systemic importance.

Prakash Chhabria-led Orbit Electricals has filed an appeal in the Supreme Court challenging the non-disclosure of the voting outcome regarding the re-appointment of Deepak Chhabria as the Executive Chairman of Finolex Cables at its annual general meeting (AGM). The Supreme Court hearing is expected to take place this week. Last week, Finolex Cables did not disclose the voting results, and the National Company Law Appellate Tribunal (NCLAT) has reserved its order on the matter. Prakash Chhabria and Deepak Chhabria have previously accused each other of trying to gain control of Finolex Cables.