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Three Indian development financiers eye $1.5 bln dollar loans under RBI scheme, sources say

MUMBAI, June 25 (Reuters) – Three Indian development finance institutions are planning to raise at least $1.5 billion through foreign-currency bank loans under the central bank’s discounted overseas borrowing facility, ​three people familiar with the plans said. The institutions are favouring loans over bonds ‌because none has issued dollar debt before and the process is simpler, the sources added. The National Bank for Agriculture and Rural Development (NABARD), the Small Industries Development Bank of India (SIDBI) and the National Bank for Financing Infrastructure and ​Development (NaBFID) are each seeking to raise at least $500 million through foreign-currency loans, with NaBFID

“Apologize to youth and resign”: Rahul Gandhi targets Dharmendra Pradhan

New Delhi [India], June 25 (ANI): Congress leader Rahul Gandhi on Thursday launched a sharp attack on Union Education Minister Dharmendra Pradhan, accusing him of insulting students and demanding that he apologise to the country’s youth and resign from his post.In a post on social media platform X, Gandhi alleged that the Centre had become arrogant and was now targeting students who were raising concerns over their rights, fair examinations and employment prospects. “Drowned in the arrogance of power, the Modi government has now reached a point where the Education Minister is calling students–who are merely demanding their rights, fair

Stock markets rise for 2nd day, aided by falling oil prices, positive global trends

Mumbai, Jun 25 (PTI) Benchmark stock indices Sensex and Nifty advanced on Thursday as softening crude oil prices and a rally in global markets boosted investor sentiment. Rising for the second consecutive day, the 30-share BSE Sensex settled 109.25 points, or 0.14 per cent, higher at 77,100.47 even as 19 of its constituents declined and 11 advanced. The index opened higher and surged further 811.96 points, or 1 per cent, to hit the day’s high of 77,803.18. However, profit-taking in IT and metal shares erased gains in the second half. The 50-share NSE Nifty rose by 34.35 points, or 0.14

Rupee rises 16 paise to settle at 94.39 against US dollar

Mumbai, Jun 25 (PTI) The rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains, forex traders said. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. The rupee appreciated 21 paise to settle at 94.55 against the US dollar on

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