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So far, in 2023, 100 SME firms have raised a record ₹2,600 crore of funds from the SME board, breaking the previous record of ₹2,287 crore raised in 2018 by 141 firms. By contrast, 19 companies have raised around ₹14,500 crore on the main board

Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL), announced that his three children - Isha, Akash, and Anant - will be inducted as non-executive directors on the RIL board. Ambani will continue as chairman and managing director for another five years. In addition, his wife, Nita Ambani, has resigned from the RIL board to focus on the Reliance Foundation philanthropic arm.

The acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed an incremental Cash Reserve Ratio (ICRR) of 10% on the growth in bank deposits from May 19 to July 28.

The issues, which opened on August 24 for the public subscription, was priced in a band of ₹94-99. Choice Capital Advisors and Pantomath Capital were the book-running lead managers for the issue. - Our Bureau

Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the transaction.​

The focus today is on "China actions to support its economy, Tropical Storm Idalia heading for Florida and whether Brent can regain momentum on a break above $85," said Ole Hansen, head of commodity strategy at Saxo Bank

Crypto security threats cost nearly $730 million in August 2021 alone. An individual stole $610 million of this total in a Poly Network heist, which ended up being the second-largest crypto hack

The company will buy back up to 1.4 crore shares at Rs 1,250 per unit, which is at a premium of over 16% to the market price on the date of announcement

The BSE Sensex climbed 110.09 points or 0.17% to settle at 64,996.60. The NSE Nifty gained 40.25 points or 0.21% to end at 19,306.05

Dow Jones Industrial Average rises 94.74 points, or 0.28%, at the open to 34,441.64