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.
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.
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
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.
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.
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
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.
Air India Assets Holding eyes Rs 7,000 crore via NCDs
The 10-year paper will open for bids on Thursday; proceeds will be used by AIAHL to refinance loans availed by AIL.
![The bonds proposed to be issued have been assigned a rating of “[ICRA] AAA(CE) (Stable)” by the ratings agency ICRA. News](https://images.financialexpress.com/2019/10/1-296-620x400.jpg?w=400 "The bonds proposed to be issued have been assigned a rating of “[ICRA] AAA(CE) (Stable)” by the ratings agency ICRA. News")
Bonds sell-off despite rate cut as fiscal deficit, GST shortfall weigh
Experts believe that for any further rate cuts, the central bank will have to revise the growth projection further downwards, which may be a bit difficult considering there was a sharp downward revision in growth estimates in
Fiscal risks: Bond yield rises 24 bps since August repo cut
Likely fiscal deficit slippage due to govt’s stimulus package haunting market
Be prepared for fiscal deficit target slippage this year: Badri Nivas of Citibank South Asia | INTERVIEW
In general, the fiscal deficit this year is going to be a big challenge because of lower tax flows — both on the GST side as well as the direct tax side.
JSW Steel likely to price its dollar bonds at close to 5.375 per cent
JSW Steel’s bond issue comes after firms like Azure Power Solar Energy, Power Finance Corporation and ReNew Power had tapped the dollar bond market in September.
Sovereign bond issue: Dealers await H2 calendar for hints on offshore bond
Finance minister Nirmala Sitharaman had stated that the government would decide on additional market borrowings for the second half of fiscal year 2020 later.
After tax cut, fears of a higher fiscal deficit spook bond market
As Vijay Sharma, senior executive vice-president at PNB Gilts, pointed out, the bond market was lulled into believing that whatever measures that the government will take to revive the economy will be done in a manner that wi
Azure Power Solar Energy likely to price its dollar bonds at 5.65 pct
The firm was looking to raise close to $350 million through the issue. Earlier during the day, the initial price target (IPT) on the bonds had come in at 6%, sources indicated.
Azure Power Solar Energy to hold roadshows for issue of dollar bonds
Azure Power Solar Energy will hold roadshows from Tuesday for its proposed dollar bonds issuance through which the firm hopes to raise close to $350 million, sources in the know said.
Dollar drive: Overseas bond issuance from India cross $16 billion
The final size of the transaction was not clear but sources indicated PFC may raise a total of at least $750 million through the issues.
Overseas bond issuances may cross $20 billion in 2019: Chetan Joshi, Head-Debt Capital Markets, HSBC India
The market was very dislocated last year with US bond yields on an upward march till November, and trade issues were flaring up.
Fundraising: IRFC, ONGC explore dollar bond market to raise $1 billion
The IRFC issue is likely to be a “144A/Reg S” one so that US investors can participate along with investors from other regions, the persons said.
Task force against India banks’ overseas branches catering to rupee NDF market
The task force had indicated that the 2016 BIS survey (the next one will be released later in 2019) showed offshore trades in the rupee were more or less equal to deliverable onshore forwards; around $16 billion daily.
Godrej fund’s final close of office development platform at $450 million
The fund has already secured two developments, one each in Mumbai and Gurgaon, totaling 2 million square feet.
RBI policy impact: Bonds see minor sell-offs as traders pare long positions
According to RBI governor Shaktikanta Das’ statement, the monetary policy committee judged that with inflation projected to remain within the target, addressing growth concerns by boosting aggregate demand, especially priva
Warburg Pincus acquires controlling stake in Avanse Financial Services
Private equity firm Warburg Pincus indicated on Wednesday it has completed acquiring a controlling equity stake of 80% in Avanse Financial Services, an education focused non-bank finance company (NBFC) that provides loans to
Motilal Oswal Real estate raises Rs 1,000 crore for 4th fund
Motilal Oswal Real Estate (MORE) has raised close to Rs 1,000 crore for its fourth fund, and is actively seeking opportunities in the mid-market residential projects with large developers, which will include land acquisitions
Drip Capital raises $25 million in Series B funding round
Its working capital offering to exporters is a credit line, which ranges from $100,000 to $2.5 million, depending on the exporter’s size and requirement.
SmartE raises close to Rs 100 crore from Mitsui & Co
We also ended up building the EV charging infrastructure,” he said. Most of the rides undertaken by the firm are on under three-km routes.
We are evaluating opportunities in the NBFC space: Sanjay Kukreja, partner and CIO, ChrysCapital
The company has outperformed quite significantly. It isn’t a domestic company. It is an export-oriented firm that serves the US healthcare market providing services like revenue cycle management, auditing, accounting etc.
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