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Private equity firm TPG Capital will sell shares of Nykaa at floor price of Rs Rs 184.55 apiece worth Rs 1,000 crore through a block deal, according to reports. Citigroup is the banker to the deal.

Several Fed policymakers have signaled rates would go higher than their projections from September and they would have to see a consistent and meaningful decline in price rises to consider pausing the tightening with core CPI running more than three times their 2% target.

Data showed the number of Americans filing new claims for unemployment benefits fell last week, suggesting the labor market remained tight. A report on Wednesday detailed strong retail sales growth last month, indicating the economy has weathered rate hikes.

Data showed the number of Americans filing new claims for unemployment benefits fell last week, suggesting the labor market remained tight. A report on Wednesday detailed strong retail sales growth last month, indicating the economy has weathered rate hikes.

Lenovo India managing director Shailendra Katyal told ET in an interaction that the company continues to grow in India in the first half of the fiscal despite the softening in demand, inflation and a large base of last year. In the first quarter, it grew by 36% and 14% in the second quarter of this fiscal over previous year.

InCred Asset Management announced raising of Rs 300 crore from large family offices and high networth individuals for its maiden credit fund - InCred Credit Opportunities Fund I (ICOF-I) -- while the intended base fund size was Rs 500 crore.

Avenue Capital-backed Asset Reconstruction Company of India (Arcil) in partnership with Welspun, has been acquiring Sintex BAPL loans from lenders since the beginning of this fiscal year. Separately, Welspun Corp subsidiary Mahatva Plastic Products & Building Materials has purchased bonds of Sintex BAPL from the secondary market.

It however reaffirmed its commitment towards its investors and the India healthcare sector, and said that it will make appropriate announcement to Malaysia’s stock exchange in a timely manner, it further said.

The platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the current UPI platform, said bankers involved in the rollout. The central bank wants each bank to test the retail CBDC with 10,000 to 50,000 users for the pilot project.

The AUM of the SIP linked funds grew by 28.8% annually in the past five years, faster than the 13% growth in the industry AUM at Rs 39.1 lakh crore in the same period. During the period, SIP linked funds received an inflow of Rs 5.3 lakh crore.