India's largest private lender HDFC Bank hopes to complete a planned sale of loans worth more than Rs 9,000 crore ($1.08 billion) – its largest to date – by the end of September, three sources aware of the matter said on Thursday. The sources requested anonymity as they are not authorised to speak to media. HDFC Bank did not immediately reply to a Reuters query.
Open FlipSandur Manganese and Iron Ores Ltd on Thursday (September 19) said it has received the consent for operation from the Karnataka State Pollution Control Board (KSPCB) to increase its manganese ore production capacity. The approval, granted under the Air and Water Act, allows the company to enhance production from 0.43 million tonnes per annum (MTPA) to 0.55 MTPA at its mining lease.
Open FlipThe larger-than-expected 50 bps rate cut by the US Federal Reserve on Thursday is likely to prompt more Indian companies to explore the offshore debt markets, as foreign loans become cheaper. Fed chairman Jerome Powell delivered the large cut, driven by the US central bank’s increased confidence that the country's long battle with inflation had come to an end.
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