Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
Raducanu falls in first match since US Open triumph.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
IMAGES from the matches played on Day 10 of the BNP Paribas Open at Indian Wells, California, on Wednesday
In the second of a four-part series, Business Standard checks out the currency press in Dewas to find target-based allowances have increased the monthly salary of employees from Rs 10,000 to Rs 30,000, at a time when notes are being printed 24x7.
Rafael Nadal toppled big-serving American Reilly Opelka to remain perfect on the year while unseeded Serbian Miomir Kecmanovic stunned world number six Matteo Berrettini.
Andy Murray overcame a slow start and a third set service break to beat Taro Daniel 1-6, 6-2, 6-4 in the first round of Indian Wells on Friday and notch his 700th career win.
India's stock exchanges have decided to jointly introduce the T+1 settlement cycle in phases from February 25, beginning with the bottom 100 stocks by market capitalisation. From March 2022, on the last Friday (or the immediate next trading day) of every month, the next 500 stocks from the bottom will be subject to T+1 settlement. The phase-wise implementation is expected to give all market participants, including foreign portfolio investors (FPIs), ample time to shift to the shorter cycle. The settlement cycle represents the time period within which the stock exchanges have to settle security transactions.
Players will be banned from handing their towels to ball-kids at next week's BNP Paribas Open in Indian Wells in an effort to prevent the spread of the coronavirus, organisers said on Friday.
In the absence of Sharapova, Colombia's Mariana Duque-Marino moves into the main women's draw of the tournament
The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,197 crore a year ago, a regulatory filing said. Infosys' revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added.
Badosa beats Fernandez; Swiatek, Halep storm into quarter-finals
Seven top leaders of Bangladesh's main opposition party Bangladesh Nationalist Party were arrested today during raids, prompting it to extend a 48-hour nationwide strike by one more day, defying premier Sheikh Hasina's appeal to shun violence.
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
Paula Badosa survived a stiff challenge from Victoria Azarenka in the Indian Wells final, while Cameron Norrie battled back to defeat Nikoloz Basilashvili.
So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies
'Earlier-than-expected tapering from the US, followed by rate hikes, and locally, a potential third wave, which mimics the second wave in terms of severity.'
ICICI Bank was the top gainer in the Sensex pack, rising around 4 per cent, followed by UltraTech Cement, Sun Pharma, Bharti Airtel, HUL, SBI, L&T, Axis Bank and IndusInd Bank. On the other hand, Reliance Industries, Bajaj Finserv, HCL Tech and HDFC were among the laggards.
She had a narrow escape when several bombs exploded in a busy commercial area here minutes after her convoy passed through it.
IMAGES from matches played at the BNP Paribas tennis tournament played in Indian Well, California, on Thursday
In the same case, her son Tarique Rahman and four others have been sentenced to 10 years in jail.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
Osaka, 21, said she lacked maturity when as a relative unknown player she won the tournament last year to kick off her meteoric rise through the rankings.
World number three Karolina Pliskova overcame a stern test to reach the semi-finals of the BNP Paribas Open on Wednesday after edging French Open champion Garbine Muguruza 7-6(2), 7-6(5) at Indian Wells.
An "all-party" interim government headed by Prime Minister Sheikh Hasina was installed in Bangladesh on Monday to oversee the upcoming general elections despite boycott by the main opposition Bangladesh Nationalist Party which termed the move as "farce", heightening tension in the country.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Investors must, however, be prepared for volatility in ELSS, cautions Sanjay Kumar Singh.
Raymond Moore has stepped down as CEO and tournament director of the BNP Paribas Open following controversial comments he made about women's tennis, the tournament announced on Monday.
Prime Minister Narendra Modi has positioned himself as a credible partner for Bangladesh. He has scored by getting West Bengal Chief Minister Mamata Banerjee to travel with him to Dhaka, says Srinath Raghavan
India's Sania Mirza and her women's doubles partner Barbara Strycova crashed out of the BNP Paribas Open after going down in straight sets in the quarter-finals at Indian Wells.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
Investors who cannot manage an asset-allocated portfolio or rebalance regularly, or do not have an advisor, may opt for these funds, but only after a detailed study of their strategy, suggests Sanjay Kumar Singh.
India and Indians can ignore Pakistan, but that cannot be said of other nations in the neighbourhood, where New Delhi's 'Neighbourhood First' policy constantly reverberates. Four of the eight SAARC member-nations are Muslim -- Afghanistan and Pakistan, Bangladesh and the Maldives. The rulers decide the nation's India or anti-India policy in the first two, and street-opinion contributes to the same in the latter two, points out N Sathiya Moorthy.
A senior leader of Bangladesh's main opposition Bangladesh Nationalist Party has gone missing since Tuesday night, prompting the authorities to order a massive manhunt.
Roger Federer will make his only appearance on clay this season at Roland Garros, his agent said. The Swiss skipped the entire claycourt season in 2017 and 2018 and last year played only two tournaments on the surface before arriving in Paris for the French Open.
It is advisable to avoid a fund until it develops a track record.
ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, HDFC twins, SBI, L&T, ONGC and Infosys. On the other hand, Sun Pharma, Asian Paints, Nestle India, UltraTech Cement and HUL declined. NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20.
Nick Kyrgios needs to improve his fitness to have a chance of winning Grand Slams, former world number one Jim Courier said on Wednesday.
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