News Overview

Brent crude futures were up 1 cent, trading at $82.71 a barrel, while U.S. crude futures were down 4 cents, trading at $77.24.

The company got an overwhelming number of proposals, some of which called for a full stake takeover.

The decision was made after SEBI gave COT, Jitendra Kumar Ganeshlal Bata, Goutam Sarvar, and Mukeshbhai Ramanbhai Muniya a show cause notice in June for providing investment advising services without first registering with Sebi and therefore violating IA regulations.

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.