Bharti Airtel set to raise Rs 3,000 crore via CPs
The telecom operator is selling commercial papers (CPs) with maturities of up to 12 months, the people said. SBI Mutual Fund is said to have agreed to subscribe to more than Rs 1,000 crore of Airtel’s debt and the country’s largest fund house will likely opt for CPs maturing in February next year at 6.53%, […]
Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism
Investors have also been optimistic lately that the Federal Reserve can achieve a soft landing for the economy as it tightens policy and raises interest rates to reduce decades-high inflation.
Update in products will aid higher VNB for LIC
The company has included 262 products in product profitability calculation compared to just 94 products included earlier, which will help increase VNB Macquarie said. VNB is the present value of future earnings from policies issued and reflects the additional earnings expected to be generated through the new policies issued.
Three companies file papers to raise Rs 7,500 cr as buzz returns to IPO market
So far in 2022, about 63 companies have filed draft papers with Sebi, while 17 companies, including LIC, have raised about ₹41,140 crore from the IPOs. About 71 companies which have received Sebi approval are waiting for a better time to launch IPOs.