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Piramal Alternatives plans to raise $1 billion through multiple funds in its portfolio from a group of global investors, seeking to tap into the increasing local appetite for cash as interest in IPOs begins to dry up. Multiple people familiar with the fundraising told ET that the proceeds will be
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Oil prices rose about 2% on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose $2.60, or 2.1%, to $124.87 a barrel at 1405 GMT, while U.S. West Texas Intermediate (WTI)
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Concerned over violation of its norms, the RBI on Tuesday asked banks to follow its instructions in "letter and spirit" while extending loans to government-owned entities for infrastructure and housing projects. In a circular, the RBI said it has come across instances where banks have not been strictly complying with
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today announced an increase in the interest rate by up to 25 basis points on term deposits less than Rs. 2 Crores. With effect from June 15, 2022, the revised rates would be applicable across various tenors for domestic term deposits, Non-Resident Ordinary (NRO) and Non Resident External
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The country's largest lender has raised its deposit and lending rates following the Reserve Bank's repo rate hike last week. SBI said interest rates have been raised by 0.20 per cent on domestic term deposits of below Rs 2 crore for select tenors. The revised interest rates on
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTom Farley, former NYSE president and currently the CEO of Far Peak, a special-purpose acquisition company expected to merge with Bullish, a crypto exchange, joins CNBC's 'Squawk Box' to break down his expectations for capital markets, crypto
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Michael NovogratzAnjali Sundaram | CNBCCrypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s."We are going through what feels to me a little bit like a Long Term Capital Management moment in crypto," Novogratz
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Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on Tuesday. However, the overall profitability of NBFCs
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Take a look at some of the biggest movers in the premarket:Continental Resources (CLR) – The oil and natural gas producer's stock rallied 7.4% in the premarket after receiving a $70 per share "take private" bid from Chairman Harold Hamm and his family. The company's board will establish an
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Borrowing costs for non-banking financial companies (NBFCs) are seen rising 85-105 basis points (bps) this fiscal. However, overall profitability is expected to remain steady cushioned by a reduction in credit costs, Ratings said. “Last fiscal, many NBFCs had released their provisioning buffers partially, which had reduced their credit costs.
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