Shares of Wipro, Infosys, Axis Bank, Nestle and LTIMindtree will be in focus as the companies will announce their second quarter results today.
Posts in category Economic Times
Asian stocks advance after US small-cap rally (17-10-2024)
Shares in Japan and Australia rose. An index of US-listed Chinese companies rose almost 1% Wednesday in a sign the country’s equities may bounce after two daily declines, as investors digest support measures for the country’s second-largest economy.
As rupee slides, RBI weighs securities threat on Bond Street (17-10-2024)
Officials from RBI’s Financial Markets Regulation Department (FMRD) have informally spoken to banks, particularly foreign lenders, to gauge unwinding of overseas trading positions in Indian debt markets, including those taken in certain interest rate derivatives, people aware of the matter told ET.
Authum, Kotak, others file bids for Lavasa Corporation (17-10-2024)
Creditors have extended the timeline to submit expressions of interest to October 24 after requests from three more parties. Creditors have also put to vote a proposal to replace Deloitte-backed resolution professional (RP) Shailesh Verma with Udayraj Patwardhan who will be supported by EY. Voting is open till the end of the week, documents accessed by ET showed.
Sebi moots voluntary ‘Put’ to boost liquidity in corporate bonds (17-10-2024)
A put option refers to a facility provided by bond issuers for holders of bonds to sell them back at a pre-determined price before maturity. Entities issuing debt securities which are proposed to be listed may at their discretion provide the liquidity window facility at the time of issuance of such instruments.
Afcons Listing: Goswami Infra asks bondholders for more time (17-10-2024)
In a communication to bondholders, Goswami Infratech assured that it is not seeking a waiver on pricing conditions for its ₹14,300 crore non-convertible debentures (NCDs) but is asking for more time to meet capital market regulations. Additionally, the company has requested flexibility to sell remaining Afcons shares post-IPO, with proceeds earmarked for debt repayment.
National Insurance aims to boost solvency with RBC regime (17-10-2024)
The state-owned insurer is grappling with a solvency shortfall of ₹8,000 crore, with its solvency margin dropping to negative 0.49%, far below the regulatory minimum of 1.5%.
Jefferies cuts BSE rating on ‘unfavourable’ risk-reward (17-10-2024)
Jefferies said the recent run-up in BSE shares listed on the NSE was following the Securities and Exchange Board of India’s new tighter regulations for equity futures and options.
Waaree Energies fixes price band for its Rs 4,321-crore IPO (17-10-2024)
The company is a manufacturer of solar PV (photovoltaic) modules in India with an aggregate installed capacity of 12 GW (gigawatts).
Shorter settlement cycle for FPIs can lead to ‘efficiency gains’ of Rs 2,000 cr a year (17-10-2024)
FPIs had raised concerns about delays in their access to sale proceeds beyond the standard T+1 settlement date. These delays were primarily due to the erstwhile process adopted for obtaining tax clearance on their net sale proceeds, to ensure compliance with FEMA Regulations.