News Overview

US Federal Reserve has raised interest rate by another 50 basis points.

SBI decided to raise its marginal cost of funds-based lending rate (MCLR) by 25 basis points, seemingly as a result of the Reserve Bank of India's ongoing rate hikes.

The government of India must approve the fundraising through Additional Tier 1 (AT1) capital up to a value of Rs10,000 crore, the bank stated in a regulatory filing.

Shivraj Singh Chouhan, the chief minister of Madhya Pradesh, was present for the launch. Jio used its Jio Community Clinic medical kit and its AR-VR technology, Jio Glass, to highlight the advantages of 5G in the field of healthcare.

Investors like Canada Pension Plan Investment Board (CPPIB), Malaysia's Petronas, and Brookfield are interested in the acquisition because it is the first green transaction by an Indian state enterprise.

The report claimes that Agarwal's agents met with significant financiers from the Middle East, Singapore, and the US over the previous three months to secure funding commitments for the manufacturing business.

The pharmaceutical company announced that Sanjeev Panchal has been appointed as managing director for a three-year term beginning January 1, 2023.

As a result of depositors choosing to invest their money in mutual funds and shares in order to earn higher returns in the face of high inflation, growth in bank deposits has substantially lagged loan growth.

Here are some stocks that may show price movement today.

Abans Holdings is selling its shares in the price range of Rs 256-270 per share between December 12 and 15, with a lot size of 55 shares.