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The loans, likely for five years, are expected to be priced 130-150 basis points above the Secured Overnight Financing Rate (SOFR), a global rate gauge that replaced the London Interbank Offered Rate (Libor). Bank of America, Citigroup, Credit Agricole, DBS Bank and Mizuho Bank are among others that are in discussions with RIL.

Climbing oil prices and geopolitical tension also provided plenty of reasons for nervousness about growth, weighing on energy-importer currencies in Europe and even on exporters such as the growth-sensitive Australian dollar.

Oil futures prices are managing to gain upside traction even though widespread inflation across the U.S. and Europe is threatening the potential for a global recession where demand will likely take a sizeable hit," analysts at energy consulting firm Gelber & Associates said.

To recoup more than Rs 746 crore, the State Bank of India (SBI) has lined up a number of non-performing assets for sale this month and the following month, including the fraud account of Sintex BAPL.

To recoup more than Rs 746 crore, the State Bank of India (SBI) has lined up a number of non-performing assets for sale this month and the following month, including the fraud account of Sintex BAPL.

A Bain-consultant-turned-PE rainmaker, believes India is fast catching up as global corporations adapt to a diversified global supply chain beyond China. The focus is now to widen the engagement through credit, special situations among others. Bain is raising a new $5 billion APAC fund, and also a new distressed asset fund for its JV with Piramal that sources in the know say will be $1 billion.

“Despite factoring higher yield drop of 5 bps over FY 22-24, keeping costs estimates flat 1.6 per cent CAGR between FY 22-23 and assigning lowest multiple within listed AMC space, UTI provides the maximum upside in our coverage universe (31%),” ICICI Securities said in a report.

One is at an individual trade level - since I trade stock options mostly and you often see stocks hitting 10% circuit up or down so that exposes a risk to my portfolio if I have a position in that stock. This is best managed by having a low exposure in one single stock.

As per Silver Institute data, industrial demand for silver posted an increase of 9 percent last year. It was the highest level since 2010. The resumption of industrial operations and re-opening of businesses after the pandemic-related lockdown largely assisted the sentiment. Coin and bar purchases contributed a large chunk of the volume followed by industrial demand.

In the first quarter, record refining margins were wiped away by losses booked on not revising petrol and diesel prices daily in line with cost. While the difference between cost and retail selling price of petrol and diesel has narrowed, refining margins have fallen in the second quarter (July-September), worsening finances of the three firms.