The company’s board of directors on Monday approved raising up to Rs 5,000 crore via non-convertible debentures in 3-4 distinct series with maturities of up to 48 months, in a regulatory filing to stock exchanges.
Posts in category Economic Times
TCS shares in focus as company’s board to consider 2nd interim dividend on October 10 (01-10-2024)
TCS will hold a board meeting to take a call on this and will also announce its July-September quarter (Q2FY25) earnings on this day.
Spicejet shares in focus after Rs 51 crore block deal (01-10-2024)
Shares of SpiceJet will attract attention on Tuesday as Plutus Wealth Management LLP acquired 85 lakh shares. The shares were bought at Rs 59.95 each, an increase from the previous closing price. This is the fifth block deal in less than a week, with other significant acquisitions recent as well, boosting SpiceJet’s financial prospects.
At multi-year highs: These 4 stocks witness 5-year swing high breakout (01-10-2024)
This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.
New York Fed’s reverse repo facility sees cash surge on last day of Q3 (01-10-2024)
Eligible firms have placed $465.6 billion in the New York Federal Reserve’s reverse repo facility, the largest amount since late June. This spike is linked to the end of the third quarter. Analysts expect these high inflows to decline soon. The reverse repo facility has seen a reduction in usage as the Fed removes pandemic-era stimulus.
Positive Breakout: These 4 stocks close cross above their 200 DMA (01-10-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Fed sees no ‘hurry’ to cut rates as confidence in economy grows, Powell says (01-10-2024)
Federal Reserve Chair Jerome Powell said that the central bank will likely continue with quarter-percentage-point interest rate cuts and is not in a hurry to cut rates quickly. Powell emphasized confidence in ongoing economic growth and consumer spending. The Fed aims to maintain low unemployment and manage inflation towards its 2% target.
Global investors call time on their exodus from China (01-10-2024)
Global investors are showing renewed interest in China due to Beijing’s efforts to reverse economic slowdown and support stock markets. Increased focus on consumer spending and easing home-buying restrictions are key factors. Institutional investors are cautiously optimistic as they await more detailed policy plans from Beijing before making significant investments.
Gold holds ground as investors await US data for further clues (01-10-2024)
Gold prices steadied on Tuesday following a near 1% decline as investors awaited U.S. economic data for rate cut indications. Fed chair Jerome Powell expects two rate cuts this year amid geopolitical tensions and ongoing U.S. economic evaluations, with Goldman Sachs raising gold forecasts for 2025.