Bhavik Nair

Articles By Bhavik Nair

353 Articles

FPIs likely to set sight on Bharat Bond ETF after RBI nod

The Bharat Bond ETF raised Rs 12,400 crore in its debut offering in December.

rbi, central bank News

Ample liquidity lowers cost of borrowing in overseas bond market

For instance, Power Finance Corporation (PFC) had raised 10-year money via foreign currency (FCY) bonds in 2019 at a spread of 242.50 basis points with a coupon of 4.5%.

Markets News

Significant global liquidity lowers borrowing cost in overseas bond market

Foreign investors' enthusiasm to pick up FCY bonds out of India is evident from the fact that in the first few weeks of January Indian entities raised close to $3.5 billion from the overseas bond market.

It is evident from the barrage of bond issuances in the first few weeks of January. News

ReNew Power likely to have priced its dollar bonds

ReNew Power develops, builds, owns and operates utility-scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers.

ReNew Power, dollar bonds, renewable energy, solar energy projects, Power Finance Corporation, Shriram Transport Finance News

January outflow: FPIs sell rupee bonds worth $1 billion

The government gross borrowing plan for 2019-20 is Rs 7.1 lakh crore while net borrowings are budgeted at Rs 4.48 lakh crore.

fpi, foreign portfolio investment News

Bond yields fall ahead of OMO announcement

The bond market is now keenly awaiting the borrowing programme for the next fiscal which will be one of the key triggers along with the CPI inflation print for coming months.

bond, bond market News

Dollar Bonds: Drop in US yields, stable market boost India rush

Among those who have picked up money include Exim Bank of India, Manappuram Finance, Shriram Transport and Future Retail.

Dollar Bonds, US yields, Manappuram Finance, Exim Bank of India, Kishore Biyani, Future Retail, Power Finance Corporation News

Inflation data: At 6.6%, benchmark yield closes at three-week high

The December CPI inflation, which was released after bond market closing hours, shot up to 7.35% — the highest in over five years

In November, the CPI inflation had stood at 5.54%. News

FPI investment in corporate bonds hits over two-and-a-half-year low

FPIs have utilised only 58.36% of the investment limits available; limits remain unutilised even for the G-sec segment; foreign investors are avoiding exposure to papers that are not of high quality, say experts.

Markets News

Bonds rally on open market operations euphoria

The announcement has resulted in a rally in long-tenor bonds along with some bit of hardening in short-tenor yields.

Markets News

RBI plans ‘Operation Twist’ in desi avatar

On Thursday, the RBI said it would be buying the 6.45% yielding notes maturing in 2029 — the benchmark bonds — and would be selling four papers maturing in 2020.

Economy News

Spread between SDL, bond yield narrows after policy

The spread between state development loan yields and the benchmark bond yield has narrowed after the December monetary policy.

Markets News

Digitisation is a powerful force: Ashu Khullar, CEO, Citi India

Ashu Khullar, CEO of Citi India and Citi Cluster Head for South Asia added that while the corporate tax cuts were very much needed, the demand side of the equation also needs to be solved.

Industry News

BoB to sell its Trinidad and Tobago operations to ANSA merchant bank

“ANSA Merchant Bank is enthusiastic about the prospects for the future and for the many exciting opportunities that this acquisition will offer our clients and the people of Trinidad & Tobago,” said A Norman Sabga, execut

Bank of Baroda, BoB, Trinidad, Tobago, ANSA merchant bank , Industry news, banking news,  News

Sharp reaction! ‘Shocking’ pause takes bond market by surprise

Market participants indicated the central bank’s decision came as a total surprise as dealers had expected at least a 25 basis points cut in the repo rate.

Bond market, repo rate, Reserve Bank of India, December monetary policy, fiscal deficit, bond yields, CPI inflation News

Playing it safe: T-bill yield drops below repo rate

A Balasubramanian, managing director and chief executive officer at Aditya Birla Sun Life AMC, said though banks are sitting on cash, they are opting to play it safe and invest in government securities rather than to industry

T-bill, T-bill auction, Aditya Birla Sun Life AMC, State Bank of India, MCLR rate, PNB Gilts News

If policy prods demand, growth could recover faster: UBS Securities

In Q2 headline earnings growth in the Nifty, earnings was in double digits.

corporate tax rate, global manufacturing base, China, Nifty, Nifty earnings, PSU stocks, financial markets News

Bank of Baroda raises Rs 1,650 crore via perpetual bonds at 8.7%

Bank of Baroda’s perpetual bonds are hitting the market after the country's largest lender State Bank of India issued perpetual bonds at 8.50%.

bank of baroda, banking sector News

Bank of Baroda looking to raise up to Rs 1,650 crore via perpetual bonds

SBI had recently raised Rs 3,813.60 crore via perpetual bonds at a coupon of 8.50%, according to an exchange filing.

bank of baroda, banking sector, banking industry News

New high: Bond issues in 2019 nudge $21 billion

Back home, contracting spreads and easier ECB rules are prompting Indian borrowers to tap the overseas markets.

PFC’s 10-year bond was priced at a spread of 240 bps over the treasury yield in 2019 while a similar tenor bond was priced at 310 bps over the treasury in 2018. News

Rupee falls past 72 even as the dollex strengthened

The rupee on Wednesday weakened to 72.09 against the dollar, even as the dollex strengthened and long rupee-dollar positions were unwound.

Markets News

Moody’s India ratings: Bond market gets nervous after change in outlook

Dealers indicated Friday’s news added to the negative sentiment in the bond market that is already reeling under fiscal deficit fears, excess supply of papers, and a lack of positive triggers.

indian bonds, bonds, bonds recovering News

ElasticRun raises $40 million led by Prosus Ventures

Pune-based ElasticRun enables small store owners to leverage quiet times of the day to gain increased revenue by handling local last-mile deliveries. The firm is also working with marquee consumer goods companies to offer a p

Its services are already available in over 200 Indian cities, and are built on its network of small convenience stores. (Website image) News

FPI boost: Rupee remains stable in 2019, down just 1.7%

According to latest data available on the department for promotion of industry and internal trade (DPPIB) website, total FDI flows into India stood at over $39 billion between January and June 2019.

Rupees raise against dollar News

Job reduction in Indian ops will be limited: Stuart Lewis, Chief risk officer, Deutsche Bank AG | Interview

Deutsche Bank has been implementing a transformation strategy across its global operations that includes exiting some of its non-core activities.

Job reduction, Indian ops, Stuart Lewis, Chief risk officer, Deutsche Bank AG, industry news, banking news, Banking and Finance,  News

Indiabulls Housing Finance bonds trade at unusually high yields

Ratings agency Crisil has reaffirmed the long-term bank facilities and debt instruments of Indiabulls Housing Finance at “CRISIL AA+”, while the rating on short-term bank facilities and the short-term debt programme has b

Indiabulls, Indiabulls Housing Finance, bonds trade, Market news, OTC, trade data,CRISIL, NSE, Bse News

FPI investment in corporate bonds at 10-month low

According to the latest Bloomberg data, FPI investments in Indian corporate bonds stood at Rs 2.014 lakh crore, with foreign investors utilising 63.53% of the available limit of Rs 3.17 lakh crore.

fpi investment, fpi investment in india, fpi investment limit, fpi taxation, fdi, fdi in small investment News
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