The Reserve Bank of India said that the rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year June 07, 2024 to December 06, 2024 shall be 7.98 per cent per annum. It may be recalled that FRB 2031 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield of last three auctions (from the rate fixing day i.e. June 07, 2024) of 182 Day T-Bills, plus a fixed spread of One per cent, the central bank further stated.
Posts in category Business Standard
Nifty scales above 23,200; consumer durables advance (07-06-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex was jumped 1,363.60 points or 1.82% to 76,438.11. The Nifty 50 index gained 386.80 points or 1.69% to 23,208.20.
Dixon Tech stock rallies 3%, tops Rs 10K mark for first time; details here (07-06-2024)
This uptick in stock price followed the company’s announcement of its intention to establish a joint venture (JV) with HKC Corporation
TCS launches industry leading platform – AI WisdomNext™ (07-06-2024)
Tata Consultancy Services has launched TCS AI WisdomNext™, a platform that aggregates multiple Generative Artificial Intelligence (GenAI) services into a single interface and enables organizations to rapidly adopt next-gen technologies at scale, lower costs and within regulatory frameworks. The industry leading platform is designed to remove barriers for customers to develop and launch business solutions, allowing for real-time experimentation across vendor, internal, and open-source LLM models.
Tata Chemicals shares slip after UK subsidiary gets fined up to 1.1 mn euro (07-06-2024)
The incident involved a contractor who sustained injuries at one of the company’s sites in the UK, tragically resulting in his passing a few weeks after being discharged
Kalpataru Projects rises for third day; up over 134% in last one year (07-06-2024)
Kalpataru Projects International jumped 5.34% to Rs 1245.65, extending gains for third day in a row.
Zenith Exports Ltd leads gainers in ‘B’ group (07-06-2024)
Cords Cable Industries Ltd, Shreyas Shipping & Logistics Ltd, IIFL Securities Ltd and Pennar Industries Ltd are among the other gainers in the BSE’s ‘B’ group today, 07 June 2024.
NSE SME TBI Corn makes a robust debut (07-06-2024)
Shares of TBI Corn were quoting at Rs 207.90 on the BSE, a premium of 121.17% compared with the issue price of Rs 94.
Adani Ports share price soars 2% on securing Kolkata port terminal contract (07-06-2024)
The uptick in share price came after the company announced that it has secured a Letter of Intent (LoI) for operation and maintenance of container terminal at Kolkata Port
Bajaj Finance stock gains 4% on IPO plans of subsidiary Bajaj Housing Fin (07-06-2024)
Shares of Bajaj Finance gained 4.1 per cent at Rs 7,201 per share on the BSE in Friday’s intraday trade