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The external commercial borrowing with a tenure of five years is raised at a rate linked to Euribor and it comes around 11% approximately, a senior official with Satin said. This rate is euribor plus 260 basis points, to be precise.

The OFS will be open for non-retail investors on Thursday, with retail investors allowed to place their bids on Friday. A minimum of 10% of the OFS has been reserved for the retail category, subject to receipt of valid bids.

The Dow Jones Industrial Average fell 19.52 points, or 0.05%, at the open to 39,272.45.

Despite a 426-point drop in the benchmark Sensex, which closed at 79,924 on Wednesday, six stocks in the BSE commodities index achieved their 52-week high.

State Bank of India on Wednesday raised Rs 10,000 crore through the issuance of infrastructure bonds, while two other public sector lenders – Canara Bank and Bank of India – are likely to tap the debt market next week to raise a total of up to Rs 15,000 crore through the same instrument.

The financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarte

On Wednesday, several stocks reached new record highs. Maruti Suzuki India, despite paring gains, closed slightly lower. Computer Age Management Services rose by over 2%, while Britannia Industries ended the day with gains exceeding 1%.

Tata Elxsi Q1 Results: Revenue from operations for the reporting period grew by 9% year-on-year, reaching Rs 926 crore compared to Rs 850 crore in the same period last year. Sequentially, net profit for the quarter dropped by 6% from Rs 196 crore in the preceding December quarter. However, revenues increased by 2% quarter-on-quarter. Total expenses for the first quarter rose by 13% year-on-year to Rs 706 crore, compared to Rs 624 crore in the same quarter last year.

Manchester United fell deeper into the red in the third financial quarter of a tough season, with the English Premier League club confirming job losses on Wednesday and an increase in ticket prices.

Oil prices steadied on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) kept its growth forecast for oil demand unchanged for this year and next, while U.S. crude and gasoline inventories likely fell last week.