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Policymakers from the European Central Bank and the Bank of England have signalled more rate hikes to come next year, in a bid to tame inflation even at the risk of hurting their economies.

The balance advantage funds (BAF) adjusts exposure between equities and debt depending upon their respective valuations. The US benchmark indices including the S&P 500 and the Nasdaq Composite indices are down 22% and 33% respectively from their peaks. MF advisors believe that the sharp fall makes these indices attractive in 2023.

As part of this collaboration, the Board of Directors of Eicher Motors has approved an investment of € 50 million for a close to 10.35% equity stake in Stark Future. With this investment, Eicher Motors will have a seat on Stark Future’s Board, and will explore further opportunities to collaborate in the space of electric mobility.

“While mid- & small-size NBFCs are majorly dependent on banks, banks also have selectively gained confidence in these NBFCs based on their performance during the pandemic and support shown by sponsors,” India Ratings said. “The agency expects the evolving funding ecosystem between banks and mid- & small-sized NBFCs is credit supportive.”

State-run banks fell short of achieving their targets only in the microenterprises category. Private banks, on the other hand, fulfilled their targets only for micro-enterprises, the central bank noted.

Lenders have set a threshold value of ₹3,000 crore as upfront payment - the minimum a resolution applicant must pay to be in the fray, said a note issued by lenders to the bidders.

It may go down to 14.0% in the medium stress scenario and to 13.1% under the severe stress scenario by September 2023, but it will stay above the minimum capital requirement. None of the 46 banks would breach the regulatory minimum capital requirement of 9% in the next one year, even in a severely stressed situation, RBI tests show.

The investment will facilitate a long-term strategic partnership between Cipla and Ethris for development of messenger RNA (mRNA)-based therapies, the former said in a release

After hitting a one-week high against the yen on Wednesday, which saw the dollar touch 134.40, the greenback hit a session low against the yen on Thursday. The dollar last fell 1.050% versus the yen to 133.065.

Pursuant to the investigation, the regulator found Shah and Daga were the key persons responsible for devising the scheme that led to artificial volume creation in the scrip of MIFL through their manipulative, fraudulent and unfair trade practices.