Stay updated with breaking news from Mint Road. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The DLT Science Foundation (DSF) encourages the responsible adoption of emerging digital technologies. Funded by seed donor Hedera, its mission is to raise awareness and proficiency, ensuring that these technologies are not only universally recognized and trusted, but also accessible for all to master and leverage
Reliance Industries, the countrys biggest company by market value, has received the Reserve Bank of Indias (RBI) permission to retain $2 billion over and above the $3 billion it had raised last fiscal in what was the largest syndicated loan facility in years.
RIL’s deal was billed as one of the most sought-after credit deals in India in recent times. The loan syndication was completed at the end of March.
Reliance Industries has been granted permission by the Reserve Bank of India (RBI) to retain $2bn over its raised $3bn loan in the last fiscal year to use for working capital and expansions in energy and telecoms. The strong demand for the loan saw the company retain more than needed. Lenders from the UK, the US, India, South Korea, Taiwan and Mauritius were involved in the initial loan deal.
Consumer Price Index (CPI) inflation was at 4.25% in May, the lowest in 25 months. With the price gauge now not too far from the Reserve Bank of India's target of 4%, it could be reasonable to see markets building up hopes of interest rates being lowered after a year of aggressive policy tightening.