The housing finance major issued non-convertible debentures and warrants to raise another Rs 4,000.03 crore.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
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According to global deal tracking firm Dealogic, the deal value in the January to June period this year was the lowest first six months deal value recorded since 2009, when $1.09 trillion worth of transactions were announced.
As markets complete the first half of the calendar year 2022 (CY22) with a fall of around 9 per cent, the interest-rate hike trajectory by global central banks, paired with the conundrum of inflation and growth, will move the needle for the market, observe experts. Here's a quick rundown on what they'll react to over the next six months.
A weak rupee, though seemingly good for exporters, would push up input cost further for Indian companies.
Year-to-date, the rupee is the worst-performing currency in Asia, weakening 4.184 per cent against the US dollar.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Today, it holds $131 billion in assets under management.
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
Five Star Business Finance is in the business of providing loans to MSME entrepreneurs. Gireesh Babu finds out more about the company that plans to grow to 3,000 crore by 2020.
Jonathan Garner, chief Asia and emerging markets equity strategist, Morgan Stanley, gives Samie Modak his assessment of the Indian economy after 3 years of Modi Sarkar.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
The Finance Ministry further said decision on seven FDI proposals has been deferred.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
Oil prices continued their rout on Tuesday with Brent crude and U.S. WTI both falling to their lowest in almost six years as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
Coffee Day Enterprises Ltd is backed by KKR & Co.
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
'Indian diplomacy faltered amidst multiple failures of statecraft.' 'The functionaries responsible must be held to account for their abject failure,' asserts Ambassador M K Bhadrakumar.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
The outlook is improving and that mostly reflects the fact that the new government has pledged to prioritise economic reforms.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
Offer size could vary from Rs 1,200 cr to Rs 2,000 cr
The RBI must cut rates to spur growth, say experts.
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
State Bank of India partnered GE Capital in 1998 for its credit card business.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
A gradual weakening of the rupee, however, may add to inflationary pressures.
'The prime minister's announcement of a nation-wide shutdown was eloquent, but should have been more clearly phrased to avoid police overreach.' 'Migrant labour should have been allowed adequate notice and transport options to get home,' notes Rahul Jacob.
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