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.

• Fadnavis Offers Phased Plan for Mumbai Airport Terminal 1
• TCPL Packaging Enters Battery Separator Film Business
• Waaree Energies Admits US Solar Import Origin Errors
• Cabinet Approves Rs 62,370 Crore Fertiliser Subsidy for Rabi Season
• Cochin Shipyard Bags ₹498.58 Cr INS Betwa Upgrade Contract

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.