Thu, Feb 1, 2024 1:37 PM
Government to provide training for MSMEs to compete globally, says FM
A Flip by Avya Verma
Muthoot FinCorp, the flagship company of the 137-year-old Muthoot Pappachan Group, has launched the NCD Tranche III series of secured and redeemable non-convertible debentures (NCDs). The issue aims to raise ₹300 crore, including a base size of ₹100 crore and a green shoe option of ₹200 crore, within the company's overall shelf limit of ₹2,000 crore.
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Public sector lender Indian Bank Ltd on Monday (December 23) said the financial intelligence unit of the Central Bank of Sri Lanka has imposed a monetary penalty of LKR (Lankan rupee) 2 million (approximately ₹5.85 lakh) on the bank for failing to comply with the provisions of Sri Lanka's Financial Transactions Reporting Act.
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Wall Street expected the energy sector to outperform every other sector this year after a rough 2023. Oilfield services providers SLB and Halliburton, along with oil producer APA Corp., were some of the S&P 500 stocks analysts forecast to rise the most this year. Instead, they all fell more than 28%. Oil prices were pressured in 2024 by record U.S. production and sluggish demand in China.
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