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"There has been a bounce in risk assets on the open this morning, more around the absence of any new bad banking developments over the weekend rather than any positive new developments as such," IG analyst Tony Sycamore said.

According to official data, these new stations will supplement the existing 6,586 public EV charging stations in the country. The EV stations will deploy fast as well as slow chargers. This subsidy grant from the government will help OMCs achieve their mission of setting up 22,000 EV charging stations across the country by 2024.

Reliance Capital lenders plan auction on April 4

Updated at : 2023-03-28 07:35:05

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The administrator is proposing to hold an auction amidst stiff resistance from Torrent Investments- one of the bidders for the Anil Ambani-promoted finance company undergoing insolvency proceedings.

Seventh round of coal mine auctions starts tomorrow

Updated at : 2023-03-28 07:35:05

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Of the 106 mines that will be offered in the seventh round, 61 are partially explored and 45 are fully explored, the government said on Monday. These comprise 95 non-coking coal, one coking coal and 10 lignite mines.

Adani seeks more time to pay ACC, Ambuja debt

Updated at : 2023-03-28 07:35:05

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The Adani Group is seeking to renegotiate the terms of outstanding loans worth $4 billion taken in August last year for the acquisition of its cement assets - ACC and Ambuja Cements - from Switzerland-based Holcim group, said multiple sources aware of the ongoing negotiations.

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Ammar Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds.

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Adani Ent said its subsidiary AMG Media Networks has completed the acquisition, which was originally announced in May last year. Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime.

Dollar gains against yen as banking fears ease

Updated at : 2023-03-27 23:20:04

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The U.S. currency, however, traded in a narrow range against most major currencies as investors appeared hesitant to place big wagers in either direction as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the rescue of Credit Suisse.

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European stocks are looking to end the first quarter of the year with gains, buoyed by signs of economic resilience and hopes that central banks are near the end of their tightening cycles. However, European banks are set to end the quarter nearly flat amid the banking sector turmoil.

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