AgenciesThe Dow Jones Industrial Average rose 9.59 points, or 0.03%, at the open to 32,570.19.
The S&P 500 opened lower by 0.83 points, or 0.02%, at 4,002.04, while the Nasdaq Composite dropped 2.61 points, or 0.02%, to 11,857.50 at the opening bell. (Reporting by Amruta Khandekar; Editing by Saumyadeb Chakrabarty)
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Ola Electric Kicks Off $250-300m Fundraise PlanIndia’s largest electric two-wheeler company Ola Electric Mobility is planning to raise a fresh round of $250-300 million in growth equity to expand two-wheeler operations and fund its planned battery facility, said people with knowledge of the matter.
Bond Sales: PNB, IOB & DCB Bank may Face Higher Funding CostsPunjab National Bank (PNB), Indian Overseas Bank (IOB) and DCB Bank may have to negotiate higher funding costs as these lenders seek to sell bonds amid a global turmoil caused by the Swiss regulator's write-down of nearly $17 billion of Additional Tier 1 (AT-1) instruments in the Credit Suisse bailout.
D-St Back in Green as Credit Suisse Deal Soothes InvestorsIndian equities rose on Tuesday, tracking the overnight rebound in the US markets, on hopes that the banking crisis might be eased for now following Credit Suisse’s acquisition by UBS. The decline in crude oil prices also alleviated some worries. Investors are now awaiting the outcome of the US Federal Reserve’s monetary policy meeting on Wednesday.
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