India’s insurance regulator has advised insurers against loading up on the bonds of HDFC Group companies, saying details on permitted exposure thresholds must await the effective amalgamation date for what’s billed as the country’s biggest merger. Early April, mortgage lender Housing Development Finance Corp (HDFC) proposed the merger with...
Mumbai: Banks are rather circumspect in raising deposit rates in a funds-surplus economy, and that’s pushing savvy depositors to the T-Bills and government securities market the central bank has now unlocked for retail savers. As these instruments offer potential returns that might exceed those on fixed deposits by up...
Public sector lender on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds. The board of directors in its meeting held on Monday approved the proposal of issuing long-term bonds for financing infrastructure projects and affordable housing worth to the tune of Rs 5,000 crore,...
The debt of Jaguar-owner and mining giant Resources Ltd. suffered their biggest drop on record last week, among a handful of Indian companies whose bonds plummeted as the rupee sank to a record low. In addition to those two dollar notes maturing in 2024, Energy’s foreign currency bond tumbled...
Microfinance lender has raised Rs 96.25 crore by issuing bonds on a private placement basis to two investors. A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of Rs 50,000 each have been issued to AAV Sarl and Masala Investments Sarl, Satin said in a regulatory filing...
is planning to raise debt capital worth Rs 5,000 crore by issuing bonds on a private placement basis, the company said on Thursday. The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing. “The board of directors of...
is planning to raise debt capital worth Rs 5,000 crore by issuing bonds on a private placement basis, the company said on Thursday. The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing. “The board of directors of...
Mumbai: The rich always have options – beyond the complex world of derivatives. One such option, to raise net earnings in a rising rate environment, is to go back in time and look at the staid world of tax-free bonds sold by the public sector. Unglamorous though they might...
Mumbai-based PMS fund Piper Serica Advisors today announced the launch of its Category-1 Angel Fund to invest in early-stage companies that are using technology to either disrupt or significantly improve industries and processes. The current fund size is capped at Rs 100 crore with a small green shoe option....
NEW DELHI/MUMBAI – India is opposed to providing any capital gains tax waivers to overseas debt investors even if it delays its goal of getting its bonds included in global bond indexes, two sources familiar with the matter said. The Indian government had initiated the process of listing its...