Thu, Feb 8, 2024 10:03 PM
NYCB gets third credit downgrade as CRE exposure worries spill to Europe
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JSW MG Motor India said on Monday that it has struck a strategic agreement with HSBC India to deliver comprehensive and tailored finance solutions at competitive terms to the carmaker’s dealer partners. JSW MG Motor India said that by using HSBC India’s experience, the company’s dealer network will have easier access to operating capital.
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Power Grid is expected to announce its Q2FY24 earnings on November 6. According to an average of three brokerages, Power Grid is expected to see its net profit for the quarter remain flat, gaining around 0.6% YoY to Rs 3,749 crore. Revenue is expected to increase marginally by around 2 percent to Rs 11,185 crore, and EBITDA margin is also expected to see a marginal increase from 86.9% to 87.4%.
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The rupee declined by 2 paise to reach a historic low of 84.13 against the US dollar during early trading on Tuesday, in anticipation of the US presidential election. Forex traders indicated that the markets are preparing for possible fluctuations in the coming days, particularly with the Federal Reserve’s monetary policy announcement set for later this week.
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