Latest Stock Market News

Brent crude futures rose by 17 cents, or 0.2%, to $90.21 a barrel at 00:08 GMT. It crossed the $90 mark for the first time since November on Tuesday in the sixth straight day of gains.

ET had reported on Monday that the Hero MotoCorp board had passed a resolution to invest Rs 550 crore in the firm via Series E2 compulsory convertible preference shares. The Rs 900 crore announced on Wednesday is inclusive of the amount announced on Monday.

The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.

Vikram Malhotra, the global market head for Global, South Asia and Middle East at Bank of Singapore, will be the new CEO and co-founder of 360 One Global. Malhotra, who was overseeing about $20 billion in assets under management in the Bank of Singapore, had earlier worked with Barclays, UBS, and ABN Amro.

"Sesa Iron and Steel Limited is incorporated for growth projects and to undertake expansion of its operations," the company mentioned in a regulatory filing with the stock exchanges.

A synthesis paper prepared by the International Monetary Fund (IMF) and Financial Stability Board (FSB) at the behest of the G20 Finance Ministers and Central Bank Governors on overall crypto asset regulation will be taken up by the leaders. “The synthesis paper will lay down a comprehensive roadmap and building blocks for a coordinated global regulatory framework… Leaders will take a final call on this,” said a senior government source.

"In the dynamic and ever-evolving world of business, it is easy to get caught up in the pursuit of revenue, bottom lines and the relentless drive for valuations," Governor Shaktikanta Das said, while delivering the keynote address at the Global Fintech Fest 2023 in Mumbai. "Sometimes, it is forgotten that the success of any enterprise is intricately tied to the satisfaction and trust of its customers."

Avadh Sugar & Energy surged 10%. Uttam Sugar Mills, Dalmia Bharat, Shree Renuka Sugar, and Dhampur Sugar Mills rose between 5% and 6%. Balrampur Chini and Bajaj Hindusthan moved up by 1-2%.

Bank of India (BoI) was the last bank to give its consent for the transfer of the debt to Rare late last month, following which the process for the transfer of the debt has been initiated, three people familiar with the development said.

Following a string of stronger-than-expected reports on everything from consumer spending to residential investment, economists have been boosting their forecasts for gross domestic product. One widely-followed, unofficial estimate produced by the Atlanta Fed even has it expanding 5.6% on an annualized basis in the third quarter.