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Fed Chair Jerome Powell said last week the central bank will deliver more interest rate hikes next year to curb inflation. Other major central banks have also highlighted the same. * Although gold is seen as an inflation hedge, higher interest rates raise the opportunity cost of holding bullion.

With effect from December 20, 2022, Home Development Finance Corporation Ltd. (HDFC) increased its Retail Prime Lending Rate (RPLR) by 35 basis points.

In November, no-frills carrier IndiGo carried more than half (55.7%) of the total domestic traffic at 65.01 lakh passengers, followed by Vistara at 9.3%. The latter carried 10.87 lakh passengers.

The total shareholding of Adani has increased to 37.45% with the closure of the open offer. The open offer was triggered after VCPL acquired a 99.5% stake in RRPR Holding Private Limited (RRPR) which translated to 29.18% of the shareholding in the TV news company

Calendar year 2023 will be the year to repair margins... It is going to be kind of a consolidation year on the demand side, supply side and on the overall financial performance, said TCS CEO Rajesh Gopinath

RBI in July hiked the external commercial borrowing limit to $1.5 billion

The company has done well over the past two years thanks to the strong bounce back in demand after the pandemic

The IPO comprises fresh issue of equity shares worth Rs 350 crore and an offer for sale of 75,00,000 shares by promoters.Of the total proceeds from the fresh issue, the company plans to use Rs 50 crore to repay debt, and infuse Rs 240 crore into arm IKIO Solutions for setting up a manufacturing facility in Noida, Uttar Pradesh.

The Dow Jones Industrial Average rose 0.99 points, or 0.00%, at the open to 32,921.45

The company will launch its IPO over 11 months after receiving approval from Sebi. Ascent Capital is set to sell up to 2 crore shares through an offer for sale, while the company will raise Rs 60 crore through fresh issue of equity shares.