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The non-banking finance company said it would use half the proceeds to serve MSMEs and women entrepreneurs

Among the top crypto tokens, Bitcoin was holding around $20,600 rising about 8 per cent in the last one week, whereas Ethereum was comfortable close to $1,550 level, after gaining about 20 per cent in the last 7 days.

Gloomy earnings and warnings by growth companies, including Microsoft Corp and Alphabet Inc, spurred concerns about rising interest rates slowing down economic growth and led the S&P 500 and the Nasdaq to snap a three-day gaining streak on Wednesday.

JSW Steel in a statement Thursday said of the total financing, $70 million is covered under SACE guarantee that is provided by the Italian government with the intention of promoting Italian exports. The rest of the capital is a term loan

Shares of REC command a high dividend yield. The company in the last FY offered a dividend of Rs 15.3 per share, which at the current share price of Rs 96.5, translates into a high dividend yield of 15.81%.

The brokerage further said that the management of Birlasoft re-iterated its aspiration of double-digit revenue growth in FY23 led by some significant wins in Q2FY23 and previous quarters which are expected to ramp up now. Also, now that attrition is tapering down, it will ease off supply-side issues and support revenue growth, as per the management, it added.

“I run a PMS and we actually do not invest in the private banks at all. So, we do not necessarily spend a whole lot of time thinking about these. My simple answer to it would be that I see this as a sector which has been probably the highlight of the last decade and is a significant part of the current weightage of the index, probably about one-third of the index.”

The announcement followed torrid weeks for the bank and fell flat with investors. Its stock, which has plumbed record lows in recent weeks, dropped about 14 percent in early trading, valuing the embattled bank around 11 billion francs.

Net income rose 39.62 per cent to Rs 4,299 crore as against Rs 3,079 crore in the year-ago period.

The Nifty Pharma index closed 0.88 per cent up at 13228.05.