PM Modi's plan to build 25,000 km highway is fuelling builder bond sales
At least three road builders are set to sell notes in coming days to raise a total of 55.7 billion rupees ($724.9 million)
At least three road builders are set to sell notes in coming days to raise a total of 55.7 billion rupees ($724.9 million)
Oil price hitting its highest level since July 2008 will cost billions of dollars to India’s government, consumers and companies, say analysts.
TCS is expected to present this proposed new structure at its board meeting this week, said one of the people.
The partially convertible rupee was trading at 76.92, after touching 76.96, its weakest level ever. It had closed at 76.16 on Friday
The blue-chip NSE Nifty 50 index was down 2.39% at 15,857 by 0349 GMT and the S&P BSE Sensex dropped 2.52% to 52,963.78
A recent report by Kotak Institutional Equities said that the IEA's announced release may not be sufficient to offset an impact to Russian exports
Issuing an official statement, the global lender said the war in Ukraine was already driving energy and grain prices higher