News Overview

Approval from lenders comprising 75% by value is necessary for the demerger, with consent secured from multiple private lenders already.

U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.

Tech Mahindra secured net new deals worth $500 million in Q4 FY24, showing improvement from the previous quarter.

The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.

Despite slow first-quarter economic growth in the U.S., inflationary pressures have strengthened, reducing expectations of interest rate cuts before September.

Last month, Adani Green issued a $409 million dollar note, which was oversubscribed seven times, indicating strong investor confidence despite previous controversies

Its net interest margin (NIM) was 4.26%, compared to 4.28% in Q4 FY23 and 4.29% in Q3 FY24.

The listing date for the JNK India IPO is scheduled for Tuesday, April 30, marking the next milestone in the IPO journey.

Building a new electric arc furnace while maintaining the existing steel melting shop would be risky and complex.

Suresh Narayanan, chairman and managing director of Nestlé India, expressed that this collaboration will empower them to develop a strong retail and distribution infrastructure.