After two years of a record low interest-rate regime, Indian corporate houses are experiencing a sharp and abrupt increase in funding costs. With the Reserve Bank of India last month making an unequivocal turn towards policy tightening amid high inflation, firms looking to tap the capital markets for funds are ending up shelling out more. The yield on the benchmark triple-A-rated corporate bonds maturing in three years has climbed 98 basis points (bps) since the policy rate hike in May. It was last at 7.47 per cent, Bloomberg data showed.
Saket was among the nine members of Legislative Assembly who rebelled against the Harish Rawat government.
The defence ministry spokesman refused to confirm or deny any such operation.
The calculation excludes cross-holding of listed group cos in each other.
Zero-coupon bonds don't give out interest but are issued at a deep discount to the face value, making it difficult to ascertain the net present value.
Two days after a fatal boat mishap had claimed 22 lives in the north Kerala district of Malappuram, murder charge has been slapped against the owner of the vessel who was caught from nearby Kozhikode, the police said on Tuesday.
The IIFA weekend saw a bevy of Bollywood stars, with green carpet arrivals, performances and awards.
Former coal secretary H C Gupta and six others were on Tuesday granted bail by a special court New Delhi in connection with a case related to alleged irregularities in the allocation of a Chhattisgarh-based coal block to SKS Ispat and Power Ltd. All the seven accused persons were granted the bail on a personal bond of Rs 1 lakh and one surety of a like amount.
Stars dazzled on the red carpet at the Filmfare OTT awards.
This is a key reason for the finance ministry's objection to fixing the tenure at 100 years, as it is pushing PSBs to be self-dependent and raise funds from the market, reports Hamsini Karthik.
The Filmfare OTT Awards honoured the cast and crew of OTT movies and doffed their hat to their talent and hard work.
While most of Mukherjee's lectures will be closed door for the students taking up the elective, the institute plans to open up one or two sessions for public in November this year.
The ruling Aam Aadmi Party termed the LG's orders removing Shah and Gupta from the boards of discoms "illegal and unconstitutional". The LG does not have the power to issue such orders, it claimed.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said the State Election Commission has already issued a notification and it will remain unchanged.
A couple of days after announcing her pregnancy, Sonam Kapoor makes an appearance at a store launch.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Deepa Gahlot lists the most popular Yash Chopra films -- the ones he directed, not produced (yes, so that means no DDLJ) -- that can be watched on OTT.
Historians and conservation architects describe the old edifice as a "repository of India's history" and its "democratic ethos", and an "architectural jewel" of Delhi.
It's been a busy weekend for Bollywood, and Mumbai's heavy rains did not deter them from going about their business.
RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.
Defying trends, the country's largest private sector lender, HDFC Bank, has shifted its asset mix significantly towards high-rated segments. As a result, its wholesale-to-retail mix has tilted heavily in favour of wholesale, even at the cost of margins. Further, it is even looking to ramp up its branch network, with an aim to service clients within a 1-2 km radius rather than the current 5-6 km radius.
Quite a few film folk attended the 22nd Indian Television Academy awards ceremony.
Axis Bank and ICICI Bank consumed 37-59 per cent of their operating profit for COVID-19 provisioning, while the figure is 24 per cent in case of Kotak Mahindra Bank and 10-12 per cent for IndusInd Bank and HDFC Bank.
About 50 per cent of the accounts that availed of the EMI moratorium amid the pandemic, which made things worse in an already slowing economy, are expected to be restructured, and of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, could turn into NPAs.
Haryana Deputy Chief Minister Dushyant Chautala on Tuesday indicated that there were shortcomings by the administration in assessing the situation in Nuh, where a communal violence erupted on July 31 during a religious procession.
Lenders to Venugopal Dhoot-founded Videocon Group will eventually take 50-55 per cent haircut and not 95 per cent as is being reported after considering about Rs 15,000 crore expected from the sale of the group's overseas oil and gas assets, its former CFO Rajneesh Gupta claimed. Videocon Industries Ltd, which is comprised of its consumer electronics business and interest in the Ravva oil and gas field, and its overseas oil and gas assets, mainly comprising of oil blocks in Brazil, are being auctioned separately to recover unpaid loans. While Anil Agarwal-led Vedanta Group has picked up Videocon Industries for Rs 2,962 crore, the bids for overseas assets are yet to be decided.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The additional director general of police (security), however, said in an order on Friday that the security personnel were 'being withdrawn on a purely temporary basis in connection with an emergent law and order duty'.
OTT's glamorous stars walked the purple carpet for the first edition of the OTTplay awards in Mumbai.
Juhi's unique birthday gift for daughter... Patralekhaa thanks her fans... Bhumi wraps up a shoot...
Bihar Deputy Chief Minister Tejashwi Yadav, whose Rashtriya Janata Dal on Sunday retained Mokama assembly seat but failed to wrest from the Bharatiya Janata Party Gopalganj constituency, losing it by a whisker, asserted that the outcome marked a success of their 'experiment'.
Bollywood movies have a soft corner for Dil and Pyaar. But its Ram love is no less prolific.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'I have voted in several elections and now this is the first time I have been told that my vote is not here'
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
BJP candidate Kedar Prasad Gupta defeated Manoj Singh Kushwaha of Chief Minister Nitish Kumar's Janata Dal-United by 3,645 votes in Kurhani.
The Centre and the states need to continue working in collaborative spirit as was done during the previous surges for COVID-19 prevention and management, Mandaviya said.
Setting the tone for his 2024 re-election bid, Prime Minister Narendra Modi on Tuesday called for waging a war against the 'three evils' of corruption, appeasement and dynastic politics, stepped up the OBC outreach with a mega scheme and exuded confidence he would return to address the nation from the Red Fort next year.
No major glitches in electronic voting machines were reported and the voting passed off peacefully with high security observed at the 3,360 critical booths in 493 locations where more than 25,000 police personnel, nearly 13,000 home guards and 100 companies of paramilitary forces were deployed, officials said.
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