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Major currencies are steady as investors await central bank decisions this week. The Bank of Japan is expected to raise rates. The Bank of England may cut rates, while the European Central Bank is likely to hold. US inflation and jobs data will also guide markets. The dollar is near a two-month low.
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Under the current schedule, Vi needs to pay more than ₹18,000 crore next March as the first instalment after the end of a moratorium on AGR payments the government had given to telcos in 2021. This was not interest-free, resulting in the arrears increasing every year.
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Board of the homegrown investment bank is scheduled to meet on Tuesday to okay transaction valuing I-banker at Rs 5,900 crore. KKR looks to make 3.5x rupee return from 9 year old investment.
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Sebi’s board will discuss revamping mutual fund fee structures to enhance transparency and cost-efficiency for investors. Proposals include reducing total expense ratios and brokerage fees, alongside simplifying IPO disclosures and easing pre-IPO lock-in rules. The regulator aims to make investment more accessible and affordable for the public.
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