Clearing Corp to apply afresh to Bank of England for recognition
The development comes after the UK regulator was said to have shown flexibility regarding earlier hurdles posed by requirements for inspection and audit of the Indian clearing house.
Adani Ports starts $130-m buyback of debt securities
The Adani Group company said in an exchange filing that it has commenced a tender offer to purchase up to $130 million worth of outstanding 3.375% senior notes due 2024. The transaction will be funded from cash reserves.
Analysts hold mixed views on RIL after a record Q4
Shares of the oil-to-telecom conglomerate advanced for the second day in a row on Monday to settle at ₹2,360.5 apiece on the NSE, up 0.5% from the previous close.
Benchmark yield slips to 7-month low
On Monday, yield on the 10-year benchmark government bond eased 6 basis points to settle at 7.10%, the lowest closing level for the benchmark yield since September 13. The yield on the most liquid bond in the secondary market also slid to its lowest levels since September, registering a fall of five basis points.
Large global PE firms, local investors eye stake in BoB’s credit card arm
The (EOIs) were submitted earlier this month and are now being reviewed by the bank to shortlist names for the second phase of the process, which will be opened for a limited number of bidders. Those making the second short-list will get access to more detailed information on the company and its management team.