Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
Adani Ports and Special Economic Zone will prepay $195 million of debt due in 2024 as the conglomerate helmed by Gautam Adani looks to boost investors' confidence post being targeted by a US short-seller. In a stock exchange filing, APSEZ said it will buy back $195 million of bonds due in 2024 using its cash reserves. Out of the $520 million principal outstanding, $325 million will be left after the buyback, it said.
Aditi Ashok has risen to 15th on the LPGA's Race to CME Globe and could well go better than career-best 48th in world rankings.
It is also going for 9.5 per cent stake sale.
These are untied loans, meaning SBI has freedom to use this money to lend. They also do not come with any conditions attached for lending to specific projects or programmes.
IFC, a member of the World Bank Group, is helping one of Japan's leading banks, Mizuho Corporate Bank, finance a project that would operate power transmission links between East, North-East and electricity-starved North India.
Mizuho Financial Group has an alliance with the Rs 8,500 crore (Rs 85 billion) Tata Capital, the financial services arm of the Tata group.
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.
Japan completed the quarter-final lineup for the Women's World Cup on Tuesday when the defending champions rolled into the last eight with an impressive 2-1 win over the Netherlands.
Nifty could fall to 9,500 levels; not a good time to bottom fish, say experts
Apart from SBI, the consortium will include leading entities like Citibank, Standard Chartered, BNP Paribas, JP Morgan, Tokyo Mitsubishi UFJ and Mizuho Financial Group, a source closely connected to the development told PTI. The country's largest lender is also in talks with two-three public sector banks to be a part of the consortium, the source said. The company reported a loss of $12.7 billion for the fiscal ended December 30, 2006.
The 12-year loan will part finance the proposed expansion of RIL's petrochemical plants and setting up of new gasification unit and refinery off-gas cracker over the next 2-3 years.
From selfies to fist fights, Rediff.com has the best pictures from the last week snapped right here...
The gains will be gradual as the measure will be executed over 12 months or so.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
The markets will be eyeing the amendments.
Twelve of the 21 economists polled doubted whether the government could roll out the tax before the next fiscal year begins in April.
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
The move will have cascading effects for lot of related sectors
Japan, US have revenge on their minds.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
Investors' confidence has been revived in recent weeks on the likelihood the elections will usher in a new government.
Industrial ouput, however, was seen falling 0.6 per cent in January
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
Overnight, the Wall Street closed on a flatter note.
Historically, overall credit has grown at 1.6 times GDP growth
The job cuts will affect almost a fifth of the bank's workforce.
Markets end in red; bluechips struggle to keep pace.
Analysts say markets to be impacted by monsoon, inflation trajectory.
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
The RBI is expected to cut rates in next policy.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
After a volatile session, Sensex closed the day 563 points lower
India put up a dull performance among emerging economies this year.
Still, it is not expected to gain much strength and will likely trade around Rs 63.00 to the US dollar by the end of April.
Market breadth is positive with 942 advances and 196 declines.
FIFA secretary general Jerome Valcke has dismissed allegations of gender discrimination over the decision to play the women's World Cup on artificial turf, saying the surface could also be used for the men's tournament in the future.
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