Vedanta Ltd, the Indian subsidiary of Vedanta Resources, has raised ₹2,500 crore through non-convertible debentures with an interest rate of 12%. The funds will be used for capital expenditure or loan repayment. Vedanta Resources, the parent company, has been downgraded by S&P Global Ratings due to debt issues and a funding gap of $600 million.
Crypto Talk | US election and interest rate cuts may reshape the future of Bitcoin, says BuyUcoin CEO
I believe the recent 50 basis point interest rate cut by the US Federal Reserve will positively impact the crypto market both in the short