George Mathew

Swiss Re said the high losses were the result of disasters striking areas of large exposure and asset concentration.

The bond issuance consists of two tranches – a $550 million 9.475 per cent tranche and a $550 million 9.850 per cent tranche, the company said.

The Budget 2024-25, presented by Union Finance Minister Nirmala Sitharaman on July 23, had proposed to double the STT on F&O of securities, effective October 1, 2024.

The Hexaware offer also includes a reservation for subscription by eligible employees.

"As of now, it seems like we will get to our target of 2,000 stores by December 2025, much earlier than our previous guidance of Dec 2026,” said Deepinder Goyal, Founder & CEO, Zomato.

Birla said the US has long been the most significant market for the group outside India, with investments exceeding $15 billion.

As part of the scheme, one equity share of KWIL will be allotted for every one equity share held in HUL. After the demerger and listing of KWIL, the entire shareholding of KWIL will be held directly by shareholders of HUL.

Similarly, net non-performing assets (NNPA) rose to Rs 11,588 crore, with the NNPA ratio increasing by 15 basis points to 0.46 per cent from 0.31 per cent a year ago.

The sell-off has been widespread, affecting large, medium, and small capital companies across the board — the NSE Mid-cap index has dropped by 12.85 per cent, while the small-cap index has tanked by 9.87 per cent.

As rupee continues to weaken, companies that raised funds when the rupee was stable at around 82-83 will be forced to reassess their financial strategies