Mumbai: HDFC Bank is making market enquiries about the issuance of infrastructure bonds worth around ₹10,000-15,000 crore as India’s largest lender by market value looks to garner long-term capital and meet the reserve requirements arising out of its last-year merger with erstwhile parent HDFC. “Bond markets are relatively stable now after the election-related volatility and … Read more
“UGRO is now expanding from its current base of 105 locations to 250 locations this year and 400 next year and all of these physical infrastructure which we are building is in tier II to tier V town,” says Shachindra Nath, Founder & MD, UGRO Capital.We have heard a lot in terms of how the … Read more
Capital markets regulator Sebi on Tuesday notified a framework for issuance of subordinate units by privately placed infrastructure investment trusts (InvITs). The issuance of subordinate units is primarily intended to bridge the valuation gaps that may arise as a result of the difference in the valuation of an asset assessed by the Sponsor (in its … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
“If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to … Read more
Govind Singh, MD & CEO, Utkarsh SFB, says: “As far as moving from a small finance bank to universal bank is concerned, in the next two to three years’ time we should be looking at this part. But we still have to have a clear discussion with our board and other concerns.” How was the … Read more
State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter, helped by a decline in bad loans and a rise in interest income. The Pune-based lender had earned a net profit of Rs 840 crore in the year-ago period. During … Read more
Bitcoin halving events have historically provided global investors with successive bullish momentum that have often resulted in all-time high levels. As the Bitcoin halving event in 2024 approaches on April 19, questions have been raised about whether the market will repeat itself once again or not. Investors are waiting eagerly for the appropriate moment to … Read more
The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to … Read more
March is an important month for taxpayers. It is that time of the year when they leverage government-provided tax exemptions and reduce their tax liability. In other words, it is tax planning, which is a legal approach used to minimize the amount of income tax owed. This must not be confused with tax evasion which … Read more
