A multi-billion-dollar incentive scheme for semiconductor manufacturing companies could be launched after the new government takes charge, according to a report by the Times of India. The results for the ongoing Lok Sabha elections 2024 will be declared on June 4.The package will follow the Rs 76,000-crore scheme announced in December 2021 to support the manufacturing of chips in the country. Acco...

Adani dollar bonds see robust demand; signals comeback to the global market, Adani Green Energy priced a $409 million 18-year bond after receiving nearly $3 billion of demand for it, said the sources, who have direct knowledge of the deal.Adani group saw massive demand on Monday for its first dollar bond since a short-seller attack last year, in what two banking sources said was being seen interna...

Adani Green Energy to raise $409 million via dollar bonds, Reuters had earlier reported that Adani Green Energy was looking to raise around $500 million by issuing dollar bonds in March, making it the first Adani group company to return to the overseas bond market in a year.Adani Green Energy is looking to raise $409 million via U.S. dollar-denominated bonds with a door-to-door tenor of 18 years, ...

Gold prices inched higher from nearly two-week low levels on Tuesday, as the dollar and Treasury yields slipped, and traders took stock of missing signs of de-escalations in the Middle East.Spot gold edged up 0.2% to $2,027.85 per ounce, as of 0612 GMT, after hitting its lowest level since Jan. 25 on Monday.U.S. gold futures rose 0.1% to $2,044.00 per ounce.The dollar index fell 0.1%, while yields...

In 2022, the RBI decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in Rupee.Reserve Bank of India Governor Shaktikanta Das has said that there is no such thinking to move towards de-dollarisation and clarified that the efforts of the central bank towards internationalization of the rupee are not aimed at replacing the dollar.“There is no ...