The private lender HDFC Bank is planning to raise funds worth around Rs 2,500 crore through the issuance of Tier-1 bonds priced around 7.9-7.95 per cent, media reported.

• India’s Edible Oil Imports Fall 3% to 159.6 Lakh Tonnes in 2023-24
• Canada Ends Fast-Track Visa Program for International Students, Impacting Indian Students
• PM Modi Launches Rs 12,100 Cr Projects in Darbhanga, Including AIIMS Facility
• Hyundai Motor India Shares Slumped 5% on Weak Q2 Earnings 
• Razorpay Launches Fund to Invest in Early-Stage B2B Startups

On Tuesday, investors constantly over aggressive monetary tightening ahead of the Jackson Hole symposium last week. Also, in the morning trade, the SGX Nifty Futures quoted 17,419 levels, down over 50-odd points on the Nifty50. All over the world, the US markets witnessed a free-fall yesterday as investors dumped growth stocks amid rate hike fears. Dow Jones slipped 1.9 per cent, while the S&P 500 and NASDAQ Composite declined 2.1 per cent and 2.5 per cent, respectively.

On Tuesday, Following Wall Street’s dull cues, Asia-Pacific markets slipped Nikkei 225, Hang Seng index, and South Korea’s Kospi fell to 1.2 per cent.