INDIAN MARKET

Muthoot Finance announced to have completed pre-payment of external commercial borrowings, announced in a release. The official exchange issued by the finance company read, "The board on March 28 had approved the pre-payment of external commercial borrowings of $550 million."  In addition, the company also initiated steps for cancellation on Senior Secured Notes issued by the company under the Global Medium Term Note Programme.

The Asian Development Bank cited risk regarding the growth of India's GDP, dismissing the forecast of the Indian Government of over 7% GDP growth. Notably, the ADB report mentioned due to global and domestic factors, India can witness a drawback in GDP growth. "any worsening of geopolitical tensions is likely to exert further downward pressure on global demand and increase uncertainty, tamping down India’s growth rate," read report.

The all-new Maruti Suzuki Fronx is all set to hit the showroom floors in a few days from now. However, the company is leaving no stone unturned in building up anticipation and public interest towards its new Baleno-based crossover. Now, here’s footage of the new Fronx being driven on a public road, which gives us an idea of its road presence, making it a huge marketing stunt.

The biggest Silicon Valley Bank (SVB) collapse impacted stocks globally, leading to $465 billion market value loss so far. The declines came after US peers tumbled, with investors questioning whether a government rescue plan for the banking system will prevent more fallout.  Now,  Asian lenders have been seen as more insulated from direct risk. Moreover, Depositors withdrew savings and investors broadly sold off bank shares.

Hyundai is all set to release a few models in 2023-2024, the company's Ai3 micro SUV will be based on the same platform that underpins the newly launched Grand i10 Nios and the Aura. The Micro SUV is expected to measure around 3.7-3.8 meters in length. In terms of design, the Ai3 gets design cues borrowed from Venue. It features a split headlamp setup.