The loan agreement, signed on Monday, was priced 125 basis points above the three-month Secured Overnight Financing Rate (SOFR), said the person.Read More

Under the first Pradhan Mantri Awas Yojana (PMAY), developers were eligible for a 100% income tax exemption on profits from approved affordable housing projects. The scheme ended in March 2022 and the incentive was not carried forward under PMAY 2.0, prompting mortgage lenders to seek its reintroduction.Read More

Raytheon Technologies secured a $1.7 billion contract to supply four Patriot air and missile defense systems to Spain. This mobile system, developed by Raytheon, is designed to detect, track, and destroy incoming aircraft and missiles. The deal follows similar orders from Germany, the Netherlands, and Romania, and a separate U.S. sale to sustain Ukraine’s Patriot...Read More

Mahindra & Mahindra Financial Services shares have surged significantly, outperforming the NBFC index due to strong Q2 performance. Robust auto financing, a GST rate cut, and improved net interest margins, driven by lower funding costs and higher fee income, are fueling this growth. Analysts anticipate continued momentum and an improved return on assets in the...Read More

Indian markets paused after a recent rebound, ending flat as global cues guide direction amid a holiday-shortened week. Analysts anticipate consolidation but maintain a positive outlook. Key stocks in focus include Adani Ports, Federal Bank, RIL, and Tata Motors PV due to significant business developments and strategic expansions.Read More

Analysts view the Adani Group’s proposed cement business merger favorably for Ambuja Cements shareholders, simplifying the group structure and removing management complexities. Share swap ratios are seen as neutral for ACC’s minority shareholders and positive for Orient Cement’s. The deal is expected to streamline operations and reporting across the integrated entity.Read More

Indian stock markets closed expiry day with small gains. Analysts anticipate lower trading volumes this week due to holidays. Markets are expected to hold steady at current levels. Global markets are showing positive signs. The VIX, a fear gauge, has fallen. Foreign investors were net sellers, while domestic investors were net buyers. The Rupee strengthened...Read More

Gold prices hit a record high of ₹1.36 lakh per 10 grams on Tuesday. This surge is influenced by rising international prices and expectations of further gains. Experts predict gold could reach ₹1.38 lakh to ₹1.4 lakh by January 2026. Consumers are holding onto existing gold, anticipating even higher prices.Read More

State-owned Bank of India on Tuesday said it has raised funds through issue of long-term infrastructure bonds of Rs 10,000 crore at a coupon rate of 7.23 per cent per annum.Read More

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