Posts in category Economic Times
India Inc’s fundraising via bonds reaches record Rs 9.77 lakh crore in FY24 (02-04-2024)
Out of this, Rs 66,806 crore was secured through QIPs. Notably, the peak for QIP fundraising was in FY21, with companies raising Rs 78,045 crore. FY23 saw a 6-year low equity fundraising.
US bonds slide as rate cut bets fade on factory data (02-04-2024)
Treasuries fell across the curve - with 10-year yields climbing over 10 basis points - as manufacturing unexpectedly expanded for the first time since September 2022 - while input costs climbed.
Pre-market action: Here’s the trade setup for today’s session (02-04-2024)
Foreign portfolio investors net sold shares worth Rs 522 crore on Monday. DIIs, meanwhile, bought shares worth Rs 1,208 crore.
Stocks in news: ABFRL, Hero MotoCorp, Infosys, RIL, Bharat Electronics (02-04-2024)
Aditya Birla Fashion and Retail said that its board has approved evaluation of a vertical demerger of Madura Fashion & Lifestyle business and list it as a separate entity on stock exchanges.
Gold rush to summit sees demand trampled (02-04-2024)
Gold prices soar in Kolkata's Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors.
India Inc’s improving credit profile sees more upgrades in H2 of FY24 (02-04-2024)
Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance sheets helped in improving credit profiles, rating agencies said. Major rating companies have recorded more upgrades than downgrades, although the pace moderated sequentially.
D-Street starts FY25 on high note, mid- and small-caps rebound (02-04-2024)
NSE's Nifty rose 135 points, or 0.61%, to close at 22,462 after touching an all-time high of 22,529 earlier in the day. BSE's Sensex rose 363 points, or 0.49%, to end at 74,014 off the record high of 74,254 during the day. The record closing levels for the Sensex is 74,119 and for the Nifty is 22,493 hit on March 7.
Multiple price auctions make a comeback (01-04-2024)
ET had reported on March 8 that at a meeting with bond market participants, the RBI had held discussions on returning to the multiple price method for government bond auctions.
Taxman puts some FPI assessments on hold for more information (01-04-2024)
The Income Tax (I-T) department has deferred issuing final assessment orders on several foreign portfolio investors (FPIs) for the financial year 2021-22, seeking additional information from jurisdictions like Mauritius. While the assessment period ended on March 31, 2024, the tax office has invoked provisions to extend the deadline, indicating efforts to gather more facts.
ET Explainer: What RBI’s norms on penal charges mean for borrowers (01-04-2024)
The Reserve Bank of India (RBI) has implemented new guidelines on penal charges for loan accounts starting from April 1. These regulations prohibit commercial banks and finance companies from imposing penal rates on loan defaults or any non-compliance event. The guidelines aim to promote credit discipline and prevent banks from using penal charges as a revenue enhancement tool.