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Mint Morning Digest: RBI rate hike influence, coal imports drop, and more

RBI rate hike influence: What inventory, bond market traders ought to know

Indian inventory markets rose, the rupee strengthened and bond yields rose after the Reserve Bank of India hiked repo rate to pre-covid ranges. The Reserve Bank of India (RBI) raised the important thing coverage repo rate by 50 foundation factors whereas Governor Shaktikanta Das remained optimistic about home progress. He stated that the home financial restoration is getting more broad-based regardless of a whole lot of uncertainties on the worldwide entrance. Read More Here.

Loan EMIs set to rise as RBI delivers one other rate hike

Loan instalments are set to rise for the third time in 4 months, following the Reserve Bank of India’s (RBI) Friday determination to hike the coverage repo rate by one other 50 foundation factors (bps) to five.4%. Read More Here.

Russia supersedes Saudi Arabia to grow to be second-biggest crude provider to India: Report

Amid the rising gas demand in India and excessive crude oil costs in international market, Russia has succeeded in beating OPEC+ ally Saudi Arabia to develop market share in one of many greatest crude importers, reported Bloomberg on 5 August. Read More Here.

Parliamentary  panel suggests phasing out of coal imports

The parliamentary standing committee on vitality has stated that the union ministries of energy and coal ought to guarantee optimum utilization of locally-produced coal via efficient collaboration in order that imports may be phased out over time. Read More Here.

Nykaa buys digital life-style platform Little Black Book

Online trend retailer Nykaa has agreed to amass digital life-style information Little Black Book for an undisclosed sum. Read More Here.

HDFC seals $1.1 billion social mortgage for reasonably priced housing

HDFC on Friday introduced the completion of the $1.1 billion Syndicated Social Loan Facility for financing reasonably priced housing in India. The firm known as it the biggest social mortgage globally and the primary social ECB mortgage out of India. Notably, that is additionally the biggest ECB mortgage deal from a Housing Finance Company/ non-public NBFC within the nation. The HDFC mortgage has been priced competitively at a margin of 90 foundation factors over the Secured Overnight Financing Rate (SOFR). Read More Here.

India bids to promote Tejas aircrafts to Malaysia, says 6 different nations

India has replied to a young launched by Royal Malaysian Air Force providing to promote 18 light-combat plane (LCA) “Tejas” to Malaysia. Argentina, Australia, Egypt, the United States, Indonesia, and the Philippines are additionally within the single-engine jet as per Defense ministry’s assertion. Read More Here.

Companies will get to seek the advice of with CCI to save lots of difficult M&As

Companies are set to get more leeway in salvaging mergers and acquisitions (M&As) offers in session with the Competition Commission of India (CCI) beneath a brand new business-friendly transaction approval course of that permits tweaking proposed transactions feared to harm competitors. Read More Here.

Vice-Presidential ballot in the present day: Numbers in favour of Jagdeep Dhankhar. 10 factors it is advisable know

Polling for the vice presidential election is ready to be held in the present day on 6 August. Jagdeep Dhankhar (71) is a Jat chief from Rajasthan and was additionally former Governor of West Bengal whereas and Margaret Alva (80) is a Congress veteran and has served as Governor of Rajasthan. Read More Here.

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