The bonds, issued at a yield of 7.078% for a remaining tenor of 3.32 years, follow the company’s $300-million debut in the international market with a sustainability bond in July 2024.
Posts in category Economic Times
HDFC Bank set to witness more foreign fund inflows (05-10-2024)
In August, global index provider MSCI decided to increase the weight of HDFC Bank in two tranches – first in August, and then in November. This was contingent upon foreign investors’ headroom remaining 20% at the least.
NSE, Limaye and eight others pay fine to Sebi to settle TAP case (05-10-2024)
The eight others who have settled the case include Umesh Jain, GM Shenoy, Narayan Neelakantan, VR Narasimhan, Kamala K, Nilesh Tinaikar, R Nandakumar and Mayur Sindhwad.
New 10-year bond pricing conveys demand comfort (05-10-2024)
On Friday, the Reserve Bank of India (RBI) carried out the maiden auction of a new government bond maturing in 2034. The coupon – or rate of interest – for the new bond was set at 6.79%. At the time of the auction, the yield on the existing 10-year bond was trading at 6.80%, implying a premium of one basis point for the yield on the new paper. The existing 10-year bond, which bears a coupon of 7.10%, closed at 6.83% on Friday.
In a first, India’s forex kitty swells above $700-billion mark (05-10-2024)
This rise in reserves comes on the back of foreign investment in local equities, along with inflows due to Indian government bonds being included in the JP Morgan Emerging Market Index. FPIs invested $11.1 billion in Indian stocks in September, NSDL data showed, whereas investment in government bonds through the fully accessible route increased by over $2 billion, CCIL data showed.
The Weak That Was: Market tanks 4.5%, erasing Rs 16.6 lakh crore in investor wealth (05-10-2024)
The NSE Nifty fell 235.5 points or 0.9% to close at 25,014.6. The BSE Sensex declined 808.65 points or 1% to end at 81,688.45. Both indices, which were trading higher earlier in the day, slumped in a late sell-off ahead of the weekend.
Public Accounts Committee summons Sebi chief Madhabi Puri Buch and others (04-10-2024)
The Public Accounts Committee has summoned Sebi chief Madhabi Puri Buch and economic affairs officials on October 24. They will review GST frauds, recent tax notices to corporates, and queries relating to the Comptroller & Auditor General’s reports on revenue losses worth Rs 32,000 crore.
Shapoorji Pallonji Group to merge port holding cos (04-10-2024)
Shapoorji Pallonji Group is planning to merge SP Imperial Star and SP Port Maintenance, which hold Dharamtar and Gopalpur Ports. Dharamtar has been sold to JSW, while Gopalpur is being sold to Adani. The merger will follow Company Law Tribunal procedures, taking several months to finalize.
These 8 stocks hit fresh 52-week highs, rallied up to 25% in a month (04-10-2024)
A 52-week high is important as it marks the highest price a stock has achieved in the past year, offering key insights for traders and investors.
Investor sells 8.45% holding in R Systems for Rs 465 crore; Goldman Sachs picks up stake (04-10-2024)
Investor Bhavook Tripathi on Friday trimmed its stake in R Systems International by divesting an 8.45 per cent stake to investors like Goldman Sachs, DSP Mutual Fund (MF), and Sundaram MF for Rs 465 crore through open market transactions. After the stake sale, Tripathi’s holding has come down to 20.58 per cent from 29.03 per cent.