Stocks in Asia fell as Federal Reserve officials said they wanted more evidence of cooling inflation before lowering interest rates.Equity benchmarks edged lower in Australia and South Korea, while those in Japan steadied.A rebound in Nvidia shares led the S&P 500 and Nasdaq Composite higher on Tuesday, a day after a sell-off in the chipmaking giant.Here’s a table showing how US stocks performed on Tuesday:

Source: EquitymasterAt present, the BSE Sensex is trading 15 points higher and NSE Nifty is trading 13 points lower.ICICI Bank, L&T, and BPCL are among the top gainers today.Hindalco, Apollo Hospital, and Bajaj Auto the other hand are among the top losers today.Broader markets are trading on a positive note. The BSE Midcap index is trading 0.3% lower and the BSE Smallcap index is trading 0.3% higher.Sectoral indices are trading mixed today, with stocks in the telecom sector and capital goods sector witnessing the most buying. Meanwhile, stocks in the metal sector and realty sector witnessing selling pressure.The rupee is trading at Rs 83.45 against the US dollar.In commodity markets, gold prices are trading 0.3% lower at Rs 71,614 per 10 grams today.
 NTPC to Consider Fundraising PlanState-owned power giant NTPC on Tuesday said its board on 29 June will consider a proposal to raise to Rs 120 bn through the issuance of bonds.The board of directors is scheduled to meet in New Delhi on Saturday, 29 June, to consider the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures up to Rs 120 bn.NTPC is India’s one of the leading power-generating companies. Total Income of the NTPC group for FY24 was Rs 1,811.7 bn against Rs 1,779.8 bn in the previous year.The PAT of the group for FY24 was Rs 213.3 bn against the previous year’s PAT of Rs 171.2 bn, registering an increase of almost 25%.The company recently told analysts at a conference that it has various capital expenditure projects such as ongoing projects and new capacity addition programs, including Flue Gas Desulphurisation (FGD) projects, and renewable energy including hydro-based projects.
 Mazagon Dock Receives Navratna StatusMazagon Dock Shipbuilders has been granted “Navratna” status by the Department of Public Enterprises.It has become the country’s 18th PSU to have been accorded this status.With this, Mazagon Dock joins the likes of Engineers India, CONCOR, Bharat Electronics, Hindustan Aeronautics, RCF, NALCO, NMDC, RVNL, IRCON, and IREDA.As a Navratna company, Mazagon Dock can undertake investments worth up to Rs 10 bn, without needing approval from the central government. These companies also have the liberty to invest up to 30% of their net worth within a year, as long as it remains within Rs 10 bn.A Navratna company is also allowed to form Joint Ventures, and alliances and establish subsidiaries abroad.In order to become a Navratna company, the PSU should first be a Miniratna company. It must also report a net profit of Rs 50 bn for three years in a row and must maintain an average annual turnover of over Rs 250 bn for three years, or have an average annual net worth of over Rs 150 bn for three years.

IDBI Bank Extends Special FD Deadline
IDBI Bank has extended the special deposit fixed deposit dubbed as Utsav Callable FD deadline from 30 June 2024. The bank has added new tenure and increased the FD interest rate by 5 basis points on select special FDs.IDBI Bank has extended the validity date for the special FD deadline to 30 September from 30 June 2024. IDBI Bank has extended the validity date for Utsav FDs for special buckets tenures of 300 Days, 375 Days, and 444 Days. The new tenure added to the list is 700 days.To general citizens, the bank offers 7.1% on Utsav FDs maturing in 300 days. Meanwhile, senior citizens get 7.6% on Utsav FDs of 300 days. For Utsav FDs maturing in 375 days, the bank offers an interest rate of 7.2% (earlier 7.1%). Senior citizens can earn 7.7% for Utsav FDs maturing in 375 days (earlier 7.6%).A tenure of 300 Days is not applicable for NRE Deposits. Premature withdrawal and closure are allowed under the scheme. All other features of term deposit and terms and conditions shall remain unchanged and apply to the above scheme also.
 Yes Bank to Mull Fund Raising PlanYes Bank said that its board of directors will meet on Friday, 23 August 2024 to consider raising funds by issuing debt securities through various modes.The company will raise funds in Indian/foreign currency by issuing debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN) etc.Yes Bank is a full-service commercial bank providing a complete range of products, services and technology-driven digital offerings, catering to Retail, MSME and corporate clients.More By This Author:Sensex Today Rallies 712 Points; Nifty Tops 23,700 MarkSensex Today Trades Higher; Nifty Above 23,550Sensex Today Ends 204 Points Higher; Nifty Above 23,550