Reliance Capital lenders cancel today’s auction
According to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings Ltd (IIHL) of Hinduja Group, Torrent Investment and Singapore-based Oaktree. The major concern of the bidders is the compliance of resolution plans with the Insolvency and Bankruptcy Code (IBC) and Request for Resolution Plan (RFRP), […]
NTPC to raise Rs 3,000 crore through 3-year bond issue
The issue will have a base size of ₹500 crore and a green shoe option of ₹2,500 crore, they said. The funds are likely to be used for capital expenditure and refinancing of loans.
Sebi asks AIF to provide option of direct plans
Also, for category III AIFs, which invest in listed securities, the distribution fee needs to be charged on a trail basis. These measures have been brought in to enhance the transparency and curb misselling, Sebi circular added.
Zerodha expects 20% jump in FY23 revenue, profit: CEO Nithin Kamath
If correction in stock market continues amid global macro trend, revenue may fall 30-40% in current fiscal, says CEO Nithin Kamath
Realty stocks extend gains on rate pause, strong sales
On Monday, real estate stocks advanced for the sixth straight day, adding to last week’s gains as the status quo by the RBI means relief for home buyers from higher interest costs.
TCS likely to report muted Q4 revenue growth, better profits
Analysts expect the operating margin to expand by 10-70 basis points sequentially as the pressure of employee attrition eases. “We expect 30bp improvement in operating margin, led by stabilizing supply and receding attrition,” mentioned Motilal Oswal Financial Services in a preview report.
High-yielding loans, lower provisions to boost bank nos
Analysts say robust credit offtake and resolutions of a few stressed assets too will boost March quarter performance.