NBFCs likely to see rise in bond market borrowing costs
November 18th, 2023 08:27
On Thursday, among other steps aimed at de-risking the credit market, the RBI announced an increase in risk weights on loans given by banks to NBFCs, effectively pushing up capital needs for all classes of lenders. That will mean higher interest rates for all borrowing segments.
Gold set for best week in four on Fed pause bets
November 18th, 2023 08:27
Spot gold was steady at $1,980.20 per ounce by 2:45pm ET (1945 GMT) after rising to a two-week high earlier in the session. Prices were up about 2.2 percent so far this week.
Ola Electric converts into public limited company ahead of IPO filing
November 17th, 2023 23:27
The conversion of a private limited company into a public company is a mandatory step for a firm that wants to list on the stock exchange. Consequently, the name of the firm has been changed to Ola Electric Mobility Ltd from Ola Electric Mobility Private Limited, according to the regulatory filings.
Dollar poised for steep weekly fall, dollar-yen snaps below 150
November 17th, 2023 22:27
Cooler-than-expected U.S. inflation data on Tuesday and Wednesday reset market expectations for how soon the Federal Reserve will cut rates and weighed on the dollar. The greenback is poised for its biggest weekly drop since July, down 1.6% over the past five days, and second-biggest decline this year.
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