Wed, Apr 17, 2024 5:28 PM
Kotak Mahindra Bank raises FDs rates across tenures by up to 85 bps
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CWD Limited, a major electronics player, announced receiving a payment order worth Rs 9.05 crore (plus taxes) to supply sound boxes to a leading FinTech Service Company. This order has the potential to grow 3 to 5 times bigger within the next two years, following CWD's previous announcement of a Rs 23 crore order for the design, development, and manufacturing of their soundbox line.
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Europe's economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent's biggest, started to show modest signs of life. The 20-country eurozone recorded its strongest performance since the third quarter of 2022.
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HONG KONG: Embattled Chinese property developer Fantasia said on Monday it has entered into a new agreement with its ad hoc group of bondholders to restructure its $4 billion dollar bonds with new notes and equities. The latest restructuring terms offered by the Shenzhen-based developer, which defaulted its offshore bonds in late 2021 were seen revised down from its first proposal published.
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