Most Adani dollar bonds exit distressed levels on debt promises
Among the gainers were Adani Electricity Mumbai Ltd.’s dollar 2031 notes, rose 0.7 cent to 72 cents as of 1:07 p.m. in Hong Kong, according to data compiled by Bloomberg. Just three of 15 Adani Group US currency notes are below the 70 cents on the dollar level that’s generally considered as being distressed. Most […]
Two stocks, that have doubled investors’ wealth in 1 year, to trade ex-dividend today
When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment
Pricol will not allow hostile takeover by Minda, will have counter offers if necessary at the right time, says MD
“We are long-term debt-free. We have technologies in place. We have zero pledge in the company and as a Pricol Group with other unlisted companies in the group all companies are debt-free and have cash reserves as well and there is not a single share that has been pledged by the promoters.”
Ramesh Damani on how to create nest egg for grandchildren, Jhunjhunwala’s legacy and more
“ If you are someone who has no time to follow individual stocks, it is very simple, buy an index tracking fund. When the market corrects, buy a fund that tracks the Sensex and Nifty and keep it for 30 years. If the Sensex doubles, you double the money; if the Sensex goes up 5x […]
ETMarkets Fund Manager Talk: For markets, sustenance of earnings growth crucial over next few years: Shibani Sircar, Kotak AMC
However, with this near term underperformance, some of the premium valuations of India over emerging markets have come off from the highs seen last year. Absolute valuations too, have corrected and are now closer to the long-term averages.
Bitcoin drops more than 4% on hawkish Fed rhetoric, US clampdown
The largest digital token slid as much as 4.2% and was trading below $24,000 as of 7:55 a.m. Friday in Singapore. Smaller tokens such as Ether, Polkadot and Avalanche also retreated.
ETMarkets Smart Talk: Manufacturing sector could produce next set of wealth creators: Narendra Solanki
I think it’s a combination of both, with global situation continuing to remain uncertain and volatile the domestic data has also started to lose momentum gradually as higher rates transmission happens whilst inflation remains sticky.
Big Movers on D-St: What should investors do with Tanla Platform, Tejas Networks and VIP Industries?
Stocks that were in focus include names like Tanla Platforms which was up over 8%, Tejas Networks rallied nearly 8%, and VIP Industries closed flat on Thursday.
Adani to refinance two dollar bonds, prepay share pledges
Adani Group’s chief financial officer Jugeshinder ‘Robbie’ Singh and head of group corporate finance Anupam Misra told investors that they are working on a “full finance plan” to refinance Adani Green Energy’s $750-million, 4.375% bond due in September 2024 one year ahead of maturity.
HDFC raises Rs 25,000 crore in India’s largest rupee bond issuance
HDFC, which is in the process of merging itself with the bank it helped spawn, offered to pay a coupon of 7.97% for the 10-year money, the company said in a statement. That compares with the benchmark bond yield of 7.34% Thursday.