Posts in category Economic Times
NARCL makes binding bid for Essel Infra’s road project debt (18-04-2024)
The National Asset Reconstruction Company of India (NARCL) has offered to acquire ₹271 crore in debt from the Ludhiana Talwandi Toll Road (LTTRPL), a road project awarded to Subhash Chandra's Essel Infraprojects in Ludhiana. The project is a 78-kilometre four-lane stretch of the National Highway-95 between Ludhiana and Talwandi Bhai in Ferozepur district via Moga in Punjab.
JSW Steel raises $900-million loan from eight foreign banks (18-04-2024)
India's largest alloy manufacturer, JSW Steel, has raised $900 million from a consortium of eight foreign banks to refinance debt maturing this month and pre-pay high-cost borrowings. The loan was priced 180 basis points above the international secured overnight financing rate (SOFR). The consortium of banks includes Singapore's DBS Bank, France's BNP Paribas, UK-based HSBC and Standard Chartered, UAE's Mashreq Bank and First Abu Dhabi Bank, Japan's Sumitomo Mitsui Banking Corp (SMBC) and Taiwan's CTBC Bank.
L’Oreal Q1 Results: Sales jumps 9.4% on strong mass market demand (18-04-2024)
L'Oreal's Q1 sales rose 9.4%, beating expectations amid U.S. and China market worries. Maybelline, Lancome brands led the 11.24 billion euros revenue. Ulta Beauty, e.l.f. Beauty, Coty faced pressure. Estee Lauder, North America, Europe impacted.
South Korea’s LG Electronics launches $800 million dollar bond – term sheet (18-04-2024)
LG Electronics launches $800 million bond deal with $500 million 3-year and $300 million 5-year sustainable bonds. Details include revenue goals, service platform enhancement, and media subscriptions.
Tesla shares fall 3% as Deutsche Bank flags risks from focus on Robotaxi (18-04-2024)
The company shares fell to their lowest in more than a year on Thursday. Its market capitalization is set to fall by more than $17 billion to about $478 billion, if losses hold. Still the company remains the most valuable automaker in the world.
How does Bitcoin Halving impact the Bitcoin price? (18-04-2024)
The "stock-to-flow" ratio is a key concept used to measure the current supply of a commodity against the rate of new supply entering the market. For Bitcoin, each halving event markedly increases this ratio, underscoring its growing scarcity. This ratio is widely considered a crucial indicator of Bitcoin’s long-term valuation.
Vodafone Idea gets muted response for its Rs 18,000 crore FPO on Day 1 (18-04-2024)
Vodafone Idea's FPO had a 26% subscription rate. Vi raised Rs 5,000 crore from 60 anchor investors. Analysts warn about profitability uncertainty and caution retail investors. The company aims to enhance its network infrastructure and roll out 5G services.
Technical Breakout Stocks: How to trade Justdial, Jio Financial Services and Bharti Airtel on Friday (18-04-2024)
Indian market closes red for the fourth consecutive day, with S&P BSE Sensex falling over 450 points and Nifty50 below the 22,000 mark. Telecom stocks rise, while consumer durables and energy witness a decline.
Ahead of Market: 10 things that will decide D-Street action on Friday (18-04-2024)
Indian indices hit lows. U.S. markets subdued by Treasury yields. European shares gain. MACD signals for Infosys, RIL. Momentum indicators show trends. Just Dial, market breadth significant.