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.

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• Kotak Mahindra Bank Hikes DCC Fee to 3.5% from August
• Jubilant Pharmova Arm Gets USFDA Nod for Antacid Drug
• TVS Motor Jumps 3.75% as NTORQ 125 Gets New Colours
• Fortis Healthcare Falls 2.25% as Delhi Govt Orders Probe

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.