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“The Swiss Challenge process has now concluded and the Bank not having received any Challenger Bids to the Base Bid, the Board of Directors of the Bank, at their Meeting held on September 20, 2022, has approved the declaration of JC Flowers ARC as the winner of the Swiss Challenge process,” the bank said in a filing to stock exchanges.

​​​Higher interest rates increase the opportunity cost of holding non-yielding bullion and boosts the dollar. The European Central Bank may need to raise interest rates to a level that restricts economic growth in order to cool demand and combat unacceptably high inflation, ECB President Christine Lagarde said on Tuesday.

​​​The breakeven rate on five- and 10-year Treasury Inflation-Protected Securities, or TIPS, have surged to 13- and 12-year highs, respectively. The five-year TIPS breakeven rate was last at 2.532%, while the 10-year TIPS breakeven rate was last at 2.39%. The latter indicates the market sees inflation averaging about 2.4% a year for the next decade.

Traders can buy the stock at this level for an upside target of Rs 5,200-5,500 in the next 6-8 months. We recommend buying at this level and more on dips to Rs 4,350 with a stop loss of Rs 4,200, on a weekly closing basis.

Alphalogic Techsys and eClerx Services will go ex-bonus today in the ratio of 1:2, while IFL Enterprises will go ex-bonus in the ratio of 1:1. Also, Shubham Polyspin will go ex-bonus in 1:10 ratio. Andhra Petrochemicals and Greenply Industries will have their annual general meetings (AGMs) today.

"The next level we see the (U.S. dollar index) getting to in the near-term would be 112 points," said Kristina Clifton, a senior economist and senior currency strategist at Commonwealth Bank of Australia.

The size of the total lending market in India has grown to Rs 174 lakh crore at the end of March, with retail loans contributing 48.9%. The share of commercial loans was at 49.5% and the balance 1.6% was contributed by microfinance, according to a study by credit bureau CRIF High Mark.

"Reserve Bank of India vide their letter dated September 19, 2022, declined our request for appointment of B Vijayadurai as part time non executive Chairman of the Bank," the bank said in a regulatory filing on Tuesday.

​​​They added that India’s top two telcos are unlikely to opt for premium pricing of 5G in the early days, as they try to push 4G users to upgrade to the next-generation mobile broadband service, experience faster speeds and drive average revenue per user (ARPU) growth by consuming more data.

The Delhi bench of the National Company Law Tribunal admitted the company on September 16 and appointed Sapan Mohan Garg as an interim resolution professional, according to an order posted on its website. Yes Bank, the sole banker to the hotel, sold its entire ₹282 crore debt to JM Financial ARC at an uncontested Swiss auction held on June 20, said a person aware of the transaction.