Posts in category Economic Times
HDFC Bank may take infra bond route to raise around Rs 15,000 crore (15-06-2024)
"Bond markets are relatively stable now after the election-related volatility and for HDFC Bank, infrastructure bonds are a desirable option because these instruments bring leeway on maintenance of statutory liquidity ratio (SLR) and cash reserve ratio (CRR)," said a source aware of the developments.
Penna buy to cut logistics costs for Adani Cements: CFO Vinod Bahety (15-06-2024)
Adani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature now, after this acquisition. You will see a much more impactful progression on sea logistics in 6-12 months time," said Vinod Bahety.
MicroStrategy may extend surge as investors embrace bitcoin strategy, says Bernstein (14-06-2024)
MicroStrategy shares could nearly double in value by the end of 2025 as investors are willing to pay a premium for the software firm's bitcoin investing strategy, brokerage Bernstein said, starting coverage with an "outperform" rating.
Forex reserves soar to a new high of $655.8 billion as on June 7 (14-06-2024)
The Reserve Bank of India's foreign exchange reserves reached a record high of $655.8 billion for the second consecutive week, driven by foreign currency assets rising $3.7 billion to $576.3 billion. The increase was likely due to the RBI's dollar purchases after the rupee appreciated. Foreign portfolio investors have deployed $7.11 billion in Indian debt so far this year, ahead of the JP Morgan bond index inclusion.
Block deal: Goldman Sachs Funds sells 40.6 lakh shares in Restaurant Brands Asia for Rs 43 crore (14-06-2024)
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, which sold its stake on Friday, held 1,10,12,628 shares, representing 2.22% of Restaurant Brands Asia as of March 31, 2024, according to BSE shareholding data.
Infosys to announce Q1 results on July 18 (14-06-2024)
Infosys will flag off the first quarter earnings for FY25. It expects its constant currency revenue growth for FY25 to be around 1-3%. The operating margins are predicted to be anywhere between 20-22% in the current fiscal.
Adobe surges as AI optimism fuels annual revenue forecast (14-06-2024)
ADOBE-Adobe surges as AI optimism fuels annual revenue forecast
NBFC Akme Fintrade’s IPO to open on June 19, announces price band (14-06-2024)
Udaipur-based non-bank financial company Akme Fintrade (India)'s IPO will open for subscription on June 19 and close on June 21. The issue is completely a fresh equity sale of Rs 1.10 crore shares of face value Rs 10 each.
S&P Ratings places 6 Tata group companies on ‘CreditWatch Positive’ (14-06-2024)
The review is reportedly done to review whether the potential of support for the group entities from Tata Sons is greater than what the ratings agency had previously thought of. This is due to increasing operational and management linkages within the group.