Posts in category Economic Times
SP Group company Goswami Infra seeks nod from bondholders to change terms of Rs 14,300 crore bonds (13-05-2024)
The move aims to save high interest outgo on RS 14,300 crore bond due in April 2026, refinance its debt. In mid-2023, Goswami Infratech raised Rs14,300 crore zero coupon bonds maturing in April 2026, offering 18.75% as a redemption premium. These bonds also have a so-called most favoured nation (MFN) clause, which says that if any Shapoorji Pallonji (SP) group affiliate borrows at a higher rate after May 26, 2024, Goswami Infratech will have to offer the same return to its bondholders.
UPL to file DRHP shortly for raising up to $500 million (13-05-2024)
The company has already secured its board's approval for the issue, which may hit the market by early third quarter of this fiscal, UPL Ltd CFO Anand Vora said at the company's post-Q4 earnings announcement media briefing
Unlocking Blockchain and Web 3.0: Insights from Parth Chaturvedi of CoinSwitch Ventures (13-05-2024)
Highlighting the core strengths of blockchain, Chaturvedi underscored its transparency and security, attributes that stem from its decentralized structure spread across numerous nodes.
Brent hovers above $83 as inflation data takes centre stage (13-05-2024)
Though prices were supported by a few factors last week, including a lack of progress in the latest round of negotiations to halt hostilities in Gaza, economic factors are back in the spotlight.
Gold dips as traders await US inflation data for more Fed rate cut cues (13-05-2024)
"Gold bulls are rightfully concerned that the Federal Reserve needs weaker inflation data, not just weaker employment figures, to justify cutting rates."
Colonial Q1 Results: Net profit doubles on inflation-linked contracts, high occupancy (13-05-2024)
Its portfolio, which includes buildings in Spain and France, rose 6% in like-for-like rental income as lease contracts were adjusted upwards due to high inflation.
Jindal Steel Q4 Results: Profit doubles in March quarter on lower costs (13-05-2024)
The steel-maker’s consolidated net profit was Rs 933 crore, while total revenue from operations fell over 1% on year to Rs 13,487 crore.
Ahead of Market: 10 things that will decide D-Street action on Tuesday (13-05-2024)
Blue-chip NSE Nifty 50 advanced 0.22% to 22,104 points, while the S&P BSE Sensex added 0.15% to 72,776. Nifty formed a hammer candle on the daily chart as modest buying interest from the lows of 21,821 bolstered a technical pullback
Dollar slips as market awaits key inflation data (13-05-2024)
The dollar slid versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflation and consumer spending at a time of recovering European economies that also could be bolstered by interest rate cuts.
RBI’s investment in IIFC UK subsidiary fell by a fifth in FY23-24 (13-05-2024)
The central bank is mandated to invest small portion of its foreign exchange reserves- $ 5 billion in the company following demands from the government in the past to fund infrastructure.