Indian equities surged to fresh records on Wednesday as a spurt in the last half hour of trade helped the Sensex surpass 63,000 for the first time.
Cash-strapped Vodafone Idea (Vi) has dialled State Bank of India (SBI) for a ₹15,000-16,000 crore loan to meet its immediate 4G capex needs, fund gear supply contracts for its pending 5G rollout and to clear some sizeable vendor dues, three people aware of the matter said.
The widespread protests in China against the strict restrictions under its zero Covid policy and the spreading pandemic could impact India’s consumer electronics, gold, diamonds, and engineering goods sectors, industry executives said.
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