Yield on SP Co's ₹14,300cr NCDs Surges
Goswami Infratech's NCDs yield surged to 22% due to SP Group's debt raise, linked to SIPL's interest rate, triggering early redemption event, approved for extension until Sept 2024.
BlackRock stays bullish on Indian bonds after narrow Modi win
Neeraj Seth, chief investment officer at BlackRock, predicts that India's fiscal consolidation under Modi's leadership will continue. Cooling inflation may lead the Reserve Bank of India to ease later this year, supporting the preference for longer duration bonds like the seven and 10 year ones.
SBI Board to Consider $3-billion Fundraise
SBI's board of directors to meet on June 11 to consider raising up to $3 billion through foreign currency bonds issued abroad.
BHEL gets Rs 3,500-crore order from Adani Power
BHEL secured the order for the establishment of 1,600 MW Thermal Power Plant at Raipur, Chhattisgarh
Banka Bioloo Consolidated March 2024 Net Sales at Rs 16.31 crore, up 99.36% Y-o-Y
Banka Bioloo Consolidated March 2024 Net Sales at Rs 16.31 crore, up 99.36% Y-o-Y
Adani Stocks Rise, Add Over Rs 80,000 Crore In Market Cap
Adani Green Energy led gains as the stock rose 10%, while Adani Ports and Special Economic Zone was up over 9%
Vodafone Idea shares jump 12% after CARE revises ratings upwards
Vodafone Idea shares experienced a significant surge of 12% intraday, reaching a high of 14.85 on the NSE on Wednesday. This uptick followed an announcement from rating agency CARE Ratings, which upgraded the company's Long Term Bank Facilities from B+ to BB+, with a stable outlook. Additionally, the Short Term Bank Facilities were upgraded from A4 to A4+.
RBI nod to Zurich Insurance picking up 70% stake in Kotak General
Kotak Mahindra Bank says all the required approvals have been received and the Rs 5,560-crore transaction will be completed 'upon fulfillment of other conditions precedent'
India airline industry to report wider loss in FY25, consultancy says
CAPA India estimated losses for fiscal 2024 at $300 million to $400 million and said it sees yields - the average amount paid by a passenger to fly one for kilometre for the current year rising around 1%.
Yield on Goswami Infratech’s Rs. 14,300 Cr NCDs rises from 18.75% to 22%
Goswami Infratech issued rupee-denominated zero-coupon NCDs to investors like Deutsche Bank, backed by group-level monetisation events for debt reduction.
Ztech India makes lacklustre debut with 9% discount over IPO price
The Rs 37.30 crore initial public offer (IPO) which is a fresh issue of 33.91 lakh shares received high investor interest as the offer was subscribed slightly above 371 times.