Prisma Global’s bond offering draws strong investor response, expanding India’s AI companies’ access to debt markets MUMBAI: A Rs 50-crore bond offering, at an interest rate of 10% for a two-year tenure, opened for subscription on Monday, and was fully subscribed within the first hour. By 3pm the issue was subscribed nearly eight times. There…

Crude prices surge past $90 per barrel as ceasefire hopes dim Oil prices inched higher on Tuesday, with Brent crude surging past the $90-a-barrel mark as hopes of an early end to the Middle East war remained uncertain. Iran signalled a shift towards a more offensive military approach, while US ruled out extending the ceasefire,…

FM Nirmala Sitharaman. Photo credit: ANI NEW DELHI: Govt will “soon” announce the high-level committee on banking reforms, finance minister Nirmala Sitharaman said on Monday at the conclave of 12 public sector banks (PSBs) and public financial institutions, while lauding the sector’s improved asset quality. She also emphasised that the future of banking must “reflect”…