Ind-Ra said FCNR (B) is likely to play a key role in mobilising foreign capital, with the RBI bearing hedging costs, and banks can offer better returns to overseas depositors.
US CPI rose 4.2% in May, the highest in over three years, driven by energy costs, while core CPI rose 2.9%, as the Fed weighs holding rates steady.
According to the data compiled by PTI, the 10-year benchmark bond yield eased to 6.911% on Wednesday (June 10), from 7.024% on June 3.
Shares of Krystal Integrated Services Ltd ended at ₹575.25, down by ₹2.75, or 0.48%, on the BSE.
The selling pressure followed a sharp decline in gold prices. Domestic gold rates fell nearly 2% on Wednesday to their lowest levels since early May, slipping below levels seen before the recent increase in import duties.
The partnership will combine Nucleus Software’s lending and transaction banking platforms with Azentra’s local market expertise, consulting capabilities and implementation strengths to support banks as they modernise their operations.
Prime Database’s Pranav Haldea expects IPO activity to improve in H2 2026, saying larger issues will need foreign investor support and calmer market conditions.
Rohit Srivastava, Founder and Strategist at Indiacharts.com and Strike Money, remains positive on metals and financials despite recent market volatility. He said the correction in metal stocks is a normal pullback within a longer-term commodity upcycle, while financials are benefiting…
The Sensex rose 64 points to close at 73,983, while the Nifty fell 27 points to settle at 23,215 after slipping below the 23,250 level during the session.
By operating as a standalone entity, the new company will be better positioned to attract sector-specific investors, strategic partners, and lenders, Astra said in its filing.