Thu, Aug 8, 2024 12:36 PM
Analysts See Tata Motors Shares Reaching ₹1,300 And More
A Flip by Shubhangi Gupta
Jio Finance Ltd., owned by Mukesh Ambani, plans to enter the local currency debt market for the first time, likely in the January-March quarter. The funds will be used for onlending to industries. Despite tighter RBI regulations, Jio Finance, with its top AAA credit rating, aims to leverage favorable borrowing conditions. It also offers various financial products and services.
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Starbucks is unlikely to implement any policy in India to restrict restroom use or access to its facilities without a purchase, the American coffeehouse chain told Moneycontrol in an emailed statement. Starbucks this week reversed a policy it introduced in 2018 that allowed people to hang out in its coffee shops even if they had not bought something.
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The Indian rupee rebounded on Wednesday, after falling to a lifetime low in the prior session, to log its best day in over seven months, aided by a softer greenback and strong dollar sales by foreign banks. The rupee closed at 86.3625 against the US dollar, up 0.3% on Wednesday, its best single-day percentage rise since June 3, 2024
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