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BWR factors in the Bank’s performance upto FY22, feedback from the Debenture trustees, publicly available information, and information and clarification provided by the Bank’s management, while reaffirming the rating.

Indian Overseas Bank is quoting at Rs 17.3, down 0.57% on the day as on 13:19 IST on the NSE. The stock tumbled 21.38% in last one year as compared to a 4.22% rally in NIFTY and a 3.93% fall in the Nifty Pharma index.

MCLR is the minimum interest rate below which the bank cannot lend, except under certain circumstances.

Biocon Ltd is quoting at Rs 316.4, down 0.72% on the day as on 13:19 IST on the NSE. The stock tumbled 21.38% in last one year as compared to a 4.22% rally in NIFTY and a 13.36% fall in the Nifty Metal index.

Business Wire India Building on the success of Vault Core, Thought Machine today launches a cards and payments processing platform based on best practices of cloud-native software design Vault Payments launches with card processing on the Mastercard network Thought Machine, the cloud-native banking technology company, today launches Vault Payments: a new, cloud-native cards and payments processing platform. Launching with card processing on the Mastercard network, […]

Business Wire India Multi-cloud adoption is accelerating with 72% of organizations using multiple IaaS providers vs. 57% in 2021 66% of organizations store 21%-60% of their sensitive data in the cloud 45% have experienced a data breach or failed an audit involving data and applications in the cloud vs. 35% in 2021    The 2022 Thales Cloud Security Report, conducted by 451 Research, part of […]

Business Wire India  First-of-its kind SaaS platform that aims to disrupt content creation Support end-to-end dubbing and production of ready-to-publish videos in over 10+ Indian vernacular and 20+ international languages Dubverse.ai, an AI-powered SaaS video content dubbing and creation platform has raised USD 800K in seed funding led by global funds including Kalaari Capital. Founded in 2021 by Varshul CW and Anuja Dhawan, Dubverse is […]

Apollo Pipes has received revision in credit ratings for bank loan facilities from CRISIL as under: Term bank loan facilities rated – Rs 220.2 crore Long term rating – CRISIL A/ Stable (reaffirmed) Short term rating – CRISIL A1 (reaffirmed) Powered by Capital Market – Live News

COMEX Gold futures hovered just under $1850 per ounce mark as markets stayed in a cautious mode amid lingering worries over the Russia-Ukraine war and a bounce in the US dollar index. The World Health Organisation (WHO) has noted that 780 laboratory-confirmed Monkeypox cases had been reported to it from 27 non-endemic countries but maintained that the global risk level was moderate. Gold is currently […]

Fitch Ratings has affirmed Adani Ports and Special Economic Zones (APSEZ) long-term foreign-currency issuer default rating (IDR) at BBB-.