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The Japanese yen hovered around 146 per dollar following its overnight rebound from a 10-month trough at 147.375, as a drop in Treasury yields took away support for the U.S. currency.

At higher level price gave some correction till 105 to take the support of previous bottom and after consolidating around lower level price gave sharp upside rally to make new highs of 128 odd levels.

Central Bank of India has entered into a strategic co-lending partnership with IKF Home Finance Ltd to offer MSME and home loans at competitive rates.

The online pharmacy is also in talks to restructure debt terms ahead of rights issue; share sale set to open on September 4

SoftBank’s sale of Zomato shares follows the complete exit of the New York-based Tiger Global from the company. Tiger sold 1.44% stake, or 12.35 crore shares of the Zomato on Monday for Rs 1,124 crore.

Until the week ended August 25, T-bill trades worth ₹1.1 lakh crore were carried out, with the average trades at ₹6,820.5 crore, Clearing Corporation of India Limited data show. The trades in July, which were 40% lower than those in August, were at ₹1.5 lakh crore with the average at ₹7,256.3 crore, the data showed.

Road project building is likely to rise to as much as 13,000 kilometres a year, from about 10,000 kilometres, led by the Hybrid Annuity Model (HAM), said Crisil. HAM was implemented in 2016 which reduced the risk of completion of a road project to encourage companies to bid for it.

Analysts have raised the price targets of some of the stocks since the beginning of August. These include REC, Zee Entertainment, Radico Khaitan, Sundram Fasteners, Welspun Corp, NCC, and Eris Lifesciences, among others, where consensus price targets have been raised by 10% to 25% earlier this month.

The month-end optimism echoed in everything from a tech-stock rally in Hong Kong to firmer iron ore prices in Singapore and a stronger South African rand.

Proceeds of the paper will be used to repay the existing senior debt of ₹1,520 crore, repay the external subordinated debt of ₹227 crore, repay the group-level debt of ₹269 crore and fund capex, according to an indicative term sheet seen by ET.