ICICI Bank has sanctioned Rs 500 crore debt facilities to Aditya Birla group’s Novel Jewels for its upcoming jewellery retail stores in the next quarter. The promoter companies infused ₹290 crore in the company last year. ICICI Bank sanctioned ₹450 crore as a working capital loan and ₹50 crore as a term loan.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low