The Adani group on Friday said through Endeavour Trade and Investment, Adani Cement has entered into definitive agreements for a fresh facility of $3.5 billion to refinance debt taken for the acquisition of Ambuja Cements and ACC.

The refinancing programme was concluded with 10 international banks with a debt maturity of up to 3 years. The group said the facility will result in an overall cost saving of approximately $300 million for the Adani Cement vertical.

Ministry of External Affairs (MEA) spokesperson and newly appointed India's ambassador to the United Nations in Geneva Arindam Bagchi, addressed a press conference on Thursday, reiterating the sentiments of Prime Minister Narendra Modi on the ongoing Israel-Gaza war.

Bagchi stated that India held its stance on condemning the terror attacks against Israel and that it was the international community's duty to stand against terrorism of all forms.

Shares of City Gas Distribution (CGD) companies like Indraprastha Gas (IGL) and Mahanagar Gas (MGL) tanked up to 12 per cent on the BSE on Friday amid heavy volumes.

The EV policy, which was submitted by the Delhi government to the Lieutenant Governor, mandates a phase-wise conversion of all commercial vehicles, including cabs and delivery vehicles, by 2030.

Zomato, DLF and Jio Financial Services are among the nine stocks that will see inflows from exchange traded funds (ETFs) tracking local and global indices. The move follows an increase in free float in these stocks on account of selling by promoters and large institutions such as Life Insurance Corporation (LIC) and Softbank Vision Fund (SVF).

More companies could get added to the list as they disclose their shareholding pattern for the September 2023 quarter.

The price of 24-carat gold jumped Rs 270 in early trade on Friday, with ten grams of the precious metal selling for Rs 60,760, according to the GoodReturns website. The price of silver declined by Rs 500, with one kilogram of the precious metal selling at Rs 74,100.

The price of 22-carat gold was also up by Rs 250, with the yellow metal selling at Rs 55,700.

Shares of BSE (formerly Bombay Stock Exchange) have jumped nearly three times this year amid a successful derivatives segment re-foray. Domestic brokerage HDFC Securities sees the stock sustaining the gains with the derivative segment underpinning the growth going ahead.

BSE has witnessed success with the Sensex contract in the much larger equity derivatives segment, dominated by NSE. The Sensex contract is currently catering to about 40 per cent of NSE's derivatives volume (Nifty) but with the launch of the Bankex contract, BSE will address about 95 per cent of NSE's derivative volume.

Drugmaker Solara Active Pharma Sciences on Thursday announced that PV Raghavendra Rao has been appointed as the chief financial officer (CFO) of the company and has been given the designation of key managerial personnel. The appointment is effective from October 26, the company said in a press release.

Rao is a chartered accountant from the Institute of Chartered Accountants of India (ICAI) and has about two and half decades of post-qualification experience. Rao has a strong track record of handling multiple industries, including pharmaceuticals, the company said.

Shares of State Trading Corporation of India (STC India) were locked in the 10 per cent lower circuit on BSE for a second day at Rs 135.15 on Thursday amid reports that the company may be closed down by the government. A combined 1.45 million equity shares, representing 24 per cent of total equity of STC India, had changed hands on the NSE and BSE. There were pending sell orders for around 60,000 shares, exchanges data shows.

The net profit of Nestle India Limited for the third quarter of the current calendar year (Q3CY23) saw a rise of 37.28 per cent to Rs 908.08 crore, compared to Rs 661.46 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the net profit was up 30.03 per cent. In Q2CY23, the net profit of the company was Rs 698.34 crore.

Nestle India declared a second interim dividend of Rs 140 per equity share of Rs 10 each for the year 2023. The company also announced a stock split of each fully paid-up equity share of face value of Rs 10 into 10 equity shares of face value of Re 1 each.

Telangana IT Minister KT Rama Rao (KTR) responded to Congress leader Rahul Gandhi's allegation of unemployment in the state and claimed that the government had issued 220,000 job notifications and filled 130,000 jobs during their last nine years of rule, an ANI report said.

Telangana State Public Service Commission (TSPSC) would be revamped if needed and job calendars would be released every year to fill up the vacancies, the minister added.

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