Indian Railway Finance Corporation Share Price 179.94 04:08 PM | 29 Aug 2024 -1.03(-0.57%) One97 Communications Share Price 554.5 04:08 PM | 29 Aug 2024 16.5(3.07%) YES Bank Share Price 23.73 03:59 PM | 29 Aug 2024 -0.24(-0.96%) ITC Share Price 505.1 04:08 PM | 29 Aug 2024 7.81(1.57%) HDFC Bank Share Price 1638.55 04:08 … Read more
The Financial Services Commission (FSC) of Mauritius said IPE Plus Fund and IPE Plus Fund 1, which were mentioned in the Hindenburg report as investment vehicles in which Sebi chief Madhabi Puri Buch and her husband Dhaval Buch were investors, are not licensees of the regulator and are not domiciled in Mauritius. The Mauritius regulator, … Read more
Mumbai: An Oaktree Capital fund invested ₹1,600 crore in 18-month bonds raised by Sesa Resources, a wholly owned subsidiary of Mumbai-listed Vedanta, people with knowledge of the matter told ET. The bonds are initially garnered at a 10% coupon but will be raised to 15% in the event of a default, they added. The funds … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) said on Thursday that the same-day stock trade settlement process to be launched on March 28 will be optional and limited to a few stocks. This ‘beta version’ is aimed at ensuring that the shorter settlement cycle functions smoothly before its full-fledged launch. Currently, Indian equity … Read more
As investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund … Read more
Mumbai: Closely held GMR Sports Venture, which partly owns Delhi Capitals cricket team, raised ₹1,000 crore three-year unlisted, unrated, secured bonds at 16% last week from JM Financial fund and Elham Credit Partners, a private credit fund owned by Hillhouse Investment, said people with knowledge of the matter. JSW GMR Cricket, a 50:50 JV between … Read more
Investors in multiple smallcap and penny stocks, in which entities involved in the multi-crore Mahadev Online Book illegal betting application scam held a stake, have lost up to 37% this month. While Dubai-based alleged hawala operator Hari Shankar Tibrewala and related entities owned more than 30 listed stocks, at least 6 of them have been … Read more
There’s something about foreign institutional investors (FIIs) and election season. In all the last 5 election years, FII flows have been positive in the election quarter and, on an average, have improved in the next 3 months after the uncertainty eases. The impact of this seasonal trend can be already felt on Dalal Street this … Read more
New Delhi: LIC Housing Finance, the mortgage arm of insurance behemoth LIC, plans to mobilise funds through green bonds in the coming financial year with an aim to finance environmentally-sustainable housing projects. “Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects,” … Read more
Mumbai: Overseas ownership of Indian government bonds climbed about $9 billion in just five months since JP Morgan announced its decision to include local sovereign debt in its emerging markets index, illustrating the attractiveness of fixed-income assets in the world’s fastest-expanding major economy for bulge-bracket funds in a constant global hunt for stable currencies and … Read more
