L&T Finance Holdings is exploring a plan to raise around $450 million (Rs 3,367.5 crore) through a rights issue, people familiar with the matter said.

The financial services arm of Larsen & Toubro has started discussing the fundraising with potential advisers, said the people, who asked not to be identified as the matter is private.

State Bank of India priced the country’s biggest offering of local-currency tier-II bonds yet as the lender boosts its capital buffers amid the worsening financial health of domestic companies.

India’s largest bank looks to raise Rs 8,931 crore ($1.19 billion) through 15-year bonds that comply with Basel III capital norms, according to a person familiar with the matter.

A conspicuous silence from the Reserve Bank of India regarding support for the nation’s bonds has left traders wondering whether the recent gains in yields is a new normal.

The central bank may be trying to increase the attraction of sovereign debt by letting yields rise, according to PNB Gilts Ltd. The benchmark 10-year bond yield advanced to 5.97% on Wednesday, the highest since May.

A meeting of Working Mechanism for Consultation and Coordination (WMCC) on India-China Border Affairs will be taking place on Thursday as part of the dialogue between the two countries for disengagement along LAC in Eastern Ladakh and de-escalation of troops.

The seventeenth meeting of WMCC was held last month in which the two countries agreed that early and complete disengagement of the troops along the Line of Actual Control (LAC) and de-escalation from India-China border areas in accordance with bilateral agreement and protocols and full restoration of peace and tranquillity was essential for the smooth overall development of bilateral relations.

Prime Minister Narendra Modi on Thursday paid tributes to former PM Rajiv Gandhi on his 76th birth anniversary.

On his birth anniversary, tributes to former Prime Minister Shri Rajiv Gandhi Ji, PM Modi tweeted.

Following a nod from the Supreme Court to probe actor Sushant Singh Rajput's death, the Central Bureau of Investigation (CBI) said its team will visit Mumbai to investigate the case further.

Rajput, 34, was found hanging from the ceiling of his apartment in suburban Bandra in Mumbai on June 14. The Mumbai Police launched a probe into the matter and did not find any foul play in its initial probe.

The Centre on Wednesday ordered "immediate" withdrawal of about 10,000 paramilitary personnel from Jammu and Kashmir, a year after the Centre increased the presence of troops in the Union Territory ahead of abrogation of the Article 370.

Reports said the decision was taken by the government after the Ministry of Home Affairs reviewed the deployment of the Central Armed Police Forces (CAPFs) in Jammu and Kashmir.

The overall number of global coronavirus cases has topped 22.3 million, while the deaths have increased to over 786,000, according to the Johns Hopkins University.

As on Thursday morning, the total number of cases stood at 22,322,208 and the fatalities rose to 786,185, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

Zee Entertainment Enterprise Ltd has reported a consolidated net profit of Rs 29.28 crore for the first quarter ended on June, 2020.

The company had reported a net profit of Rs 529.76 crore in April-June quarter a year ago, Zee Entertainment Enterprise Ltd (ZEEL) said in a BSE filing.

Non-banking financial company Manappuram Finance on Wednesday said its board has approved raising up to Rs 150 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

The board of directors of Manappuram Finance has approved the issuance of market linked, rated, secured, redeemable non-convertible debentures for Rs 100 crore with an option to retain oversubscription up to Rs 50 crore aggregating to Rs 150 crore on private placement route," the lender said in a regulatory filing.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.