Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth. Private sector lender Axis Bank’s infrastructure bond sale is likely … Read more
Capital markets regulator Sebi on Friday proposed changes to the informal guidance scheme to expand the list of applicants that can seek guidance under the plan and enhance the fee for making an application. In its consultation paper, Sebi has proposed that stock exchanges, clearing corporations, depositories and managers of a pooled investment vehicle registered … Read more
Foreign investors infused Rs 11,366 crore in the Indian debt market so far this month, pushing the net inflow tally in the debt segment to over the Rs 1-lakh-crore mark. Foreign investors’ strong buying interest in the Indian debt market can be attributed to India’s inclusion in JP Morgan’s Emerging Market government bond indices in … Read more
Cyient’s board of directors in a meeting held on Tuesday approved the company’s 14.50% stake sale in its subsidiary Cyient DLM Limited via block deal. The expected date for completion of the sale is August 21, a company filing said. The company is yet to announce the offer price. Cyient held 66.66% share in Cyient … Read more
Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group’s first fundraise from equity markets after a $2.5 billion share sale … Read more
UltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday. This comes a day after the country’s largest cement producer’s acquisition of additional stake in the Chennai-based company. The Aditya Birla Group company had acquired a near … Read more
Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period. The lender’s net interest income (NII) for the reporting quarter rose 21% year-on-year to Rs 3,005 crore as against Rs 2,491 crore in the same … Read more
The Economic Survey reveals that 20% of Indian households are now investing their savings in financial markets. It cites data showing that unique tax IDs registered on the NSE surged to 92 million in FY24, from 27 million just five years ago. The impact of this influx of individual investors is evident in new investor … Read more
The primary market is gearing up for another stellar week as three companies launch their initial public offerings (IPOs) to raise just over Rs 2,700 crore this week. The IPOs of Emcure Pharmaceuticals, in which shark tank fame Namita Thapar is the Executive Director and Bansal Wire will open for subscription next week in the … Read more
“I would say that it is overall the culmination of multiple factors which has led to this kind of a situation and I do not see any kind of a let-up on these very important contributors for ensuring the quality of the loan book,” says Dinesh Kumar Khara, Chairman, SBI.Do you think the credit cycle … Read more
