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Traders have started to price in the chances of a bigger 50 basis-point rate hike in March, although the odds remain low at about 23%, according to Fed fund futures, which suggest rates peaking at 5.4% by September, up from 4.57% now.

With effect from March 1, 2023, HDFC raises its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are based, by 25 basis points.

The Adani Group, which was also widely expected to participate in the bidding process, has not submitted an EoI, the people said. Five public sector undertakings, including four promoter firms of PTC India, are planning to sell their stake in the power trading company that is hit by a controversy over alleged governance issues at its financial services subsidiary.

In December 2021, the I-T department carried out a search and seizure of 60 premises of four ARCs - Omkara ARC, Rare ARC, CFM ARC, and Invent ARC. The searches, according to the department, revealed that some ARCs adopted various unfair and fraudulent trade practices in acquiring non-performing assets (NPAs) from lender banks.

This pandemic largely affected older people. And so, you know, the countries that have lots of old people... by far the highest burden, asserted Bill Gates.

​​​In an exclusive interview with ET’s Romita Majumdar and Surabhi Agarwal, Christian Klein, the 42-year-old chief executive of SAP, who is among the youngest to helm a global technology corporation, said that he expects India to become an innovation hub for SAP as it develops core products end-to-end here.

"Growth momentum carries on but an unfavourable base has led to lower numbers for Q3," chief economic adviser V Anantha Nageswaran told reporters after the data release.

The data on sectoral development of bank credit in January 2023 showed that the personal loan outstanding on January 27, 2023, was Rs 39.59 lakh crore as against 32.87 lakh crore in a year ago.

All three main stock indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields, and all three closed well off their session highs.

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