Private sector lender ICICI Bank is planning to raise up to Rs 8,000 crore through infrastructure bonds to finance projects in the transport and power and affordable housing sectors.

Debt market sources said while the private lender is raising up to Rs 8,000 crore in the current round, rating agency CRISIL has assigned “AAA/Stable” for Rs 10,000 crore of bonds. Lenders have always an option to raise money in tranches.

Telangana Finance Minister T Harish Rao on Monday presented a tax-free budget of Rs 2.56 lakh crore for 2022-23, up from about Rs 2.31 lakh crore last year.

The budget proposed an outlay of Rs 17,700 crore for the state government's flagship Dalit welfare scheme ‘Dalit Bandhu'.

High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar.

Accordingly, rising prices of crude oil along with other commodities triggered by the Russia-Ukraine war had kept a weak pressure on the rupee.

Shares of Indigo Paints continued to reel under pressure, hitting a new low at Rs 1,497.65, as the stock tanked 11 per cent on the BSE in Monday’s intra-day trade on concerns of weak earnings due to higher input cost and lower demand.

The stock of paint makers traded close to its initial public offer (IPO) issue price of Rs 1,490. The company had made its stock market debut on February 2, 2021. The market price of Indio Paints more-than-halved or down 55 per cent from its record high level of Rs 3,348 touched on February 3, 2021.

The Central Bureau of Investigation (CBI), which arrested the former Managing Director (MD) and Chief Executive Officer (CEO) of National Stock Exchange (NSE) Chitra Ramkrishna on Sunday night, is likely to seek two week custodial remand of her.

Sources in the CBI said that she would be produced along with NSE's former Group Operating Officer (GOO) Anand Subramanian. The agency will seek custodial remand of both of them.

Shares of Oil and Natural Gas Corporation (ONGC) rallied 5 per cent to Rs 172.65 on the BSE in Monday’s intra-day trade in an otherwise weak market on the back of rising crude oil prices. At 10:40 am; the stock was up 4 per cent around Rs 171.80-odd levels, as compared to a 3.2 per cent decline on the S&P BSE Sensex.

The shares of the state-owned oil exploration & production company traded close to its 52-week high of Rs 176.40 touched on February 14, 2022.

Inflationary fears triggered a rush for safe haven investments during the ongoing market volatility that pushed up the global gold price to $2,000 per ounce on Monday.

Accordingly, the fears of supply shortages due to the Russian-Ukrainian conflict along with robust demand has kept prices higher.

India has recorded its lowest daily COVID-19 cases since May 17, 2020, at 4,362, which took the total tally to 4,29,67,315, according to Union health ministry data updated on Monday.

The death toll has climbed to 5,15,102 with 66 fresh fatalities, the data updated at 8 am stated.

India has brought back its over 15,920 nationals on 76 flights under evacuation mission 'Operation Ganga' that was launched following Russia's invasion of Ukraine, officials said on Sunday, while around 700 students are still trapped in Sumy, waging a grim battle for survival with supplies depleting fast and exit routes to safety blocked by fierce fighting.

Melting snow to slake their thirst and fast running out of food, hundreds of Indian students stand on roads every morning hoping "today is the day" when they will be rescued from the savagery of the war that has engulfed the nation.

Voting for the seventh and the last phase of the Uttar Pradesh Assembly elections began on Monday morning, with 613 candidates in the fray on 54 seats, including those falling in Prime Minister Narendra Modi's parliamentary segment Varanasi.

The fate of Suheldev Bharatiya Samaj Party president Om Prakash Rajbhar and several state ministers will be decided in this round, in which 2.06 crore people are eligible to vote.

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