Business news: As per data, Canara Bank will raise Rs 2,000 crore, which includes Rs 1,000 crore via Basel-III Tier-II bonds, Kotak Mahindra prime Ltd will raise Rs 300 crore and Rs 175 crore via 35-month-25-day and 47-month-25-day, respectively.
Bharti Group chairman Sunil Bharti Mittal's family and Singtel own Bharti Telecom (BTL).
RBi had imposed curbs on American Express Banking Corp for being non-compliant with the directions on Storage of Payment System Data effective May 1, 2021.
At the interbank foreign exchange market, the domestic currency opened at 79.84 per dollar. It hovered in a range of 79.68 to 79.87 during the session.
Market news: The 30-share BSE Sensex climbed 54.13 points to settle at 59,085.43. Similarly, the broader NSE Nifty went up by 27.45 points or 0.16 percent to 17,604.95.
Full-service carrier Vistara will start daily non-stop flights between Mumbai and Abu Dhabi from October 1. The airline, a joint venture between Tata group and Singapore Airlines, will use the A320 neo aircraft for the services.
Business news: ICRA expects the sectoral growth in Q1 FY2023 to be driven by the services sector (+17-19 per cent; +5.5 per cent in Q4 FY2022), followed by the industry (+9-11 per cent; +1.3 per cent).
Varma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating and high inflation will certainly not become the 'norm' in the country.
Both the benchmark indices were trading lower, with the Sensex falling 146.56 points to 58,884.74 and the Nifty declining by 43.95 points to 17,533.55.
At the interbank foreign exchange, the rupee opened at 79.84 against the dollar, then fell to 79.87, registering a decline of 4 paise over the last close.
The 30-share BSE Sensex climbed 257.43 points or 0.44 percent to settle at 59,031.30. During the day, it hit a high of 59,199.11 and a low of 58,172.48. The broader NSE Nifty advanced 86.80 points or 0.50 percent to 17,577.50.
At the interbank foreign exchange market, the local currency opened at 79.85 and saw an intra-day high of 79.81 and a low of 79.90 against the American currency. It finally ended at 79.88, down 4 paise over its previous close.
Air India new flights: When asked about plans of increasing Air India fleet, its CEO-MD Campbell Wilson said, "We will be commenting on those things in due course... Future of Air India is going to be very bright. It is very exciting, I'm happy to be here but I've no further comments..."
The job cuts at Ford are effective September 1, a spokesman said.
At the interbank foreign exchange, the rupee opened at 79.85 against the dollar, then fell to 79.88, registering a decline of 4 paise over the last close. On Monday, the rupee closed at 79.84 against the dollar.
RBI rate hike: In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee (MPC).
Anarock data suggests that share of luxury homes in the overall housing sales of 1.84 lakh units across the seven cities rose to 14 per cent during the first six months of 2022.
From the Sensex pack, Tata Steel, Asian Paints, Larsen & Toubro, Wipro, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Kotak Mahindra Bank and Axis Bank were the major laggards.
UPI to remain free: In a tweet, the finance ministry said: "UPI is a digital public good with immense convenience for the public and productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services."
The CCI is already probing various cases, especially in the digital space, following complaints of unfair business practices.
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