Titan likely to break out of 18-month range
The stock, which has lately undergone significant price and time corrections, has finally come out of the past four month’s consolidation levels of ₹2,270-2,626 to close at ₹2,630 Tuesday. Technical analysts expect a 10% climb in the short term.
Global pension funds in fray for Mahindra Susten InvIT stake
The IPP solar portfolio, located in five key states in India, is backed by long-term power purchase agreements-about 75% of assets with central government entities and the remaining with distribution companies backed by state governments.
Vedanta very comfortable, concerns over its debt situation misplaced: Anil Agarwal
“We are very, very comfortable,” said Anil Agarwal in an interview with ET, drawing attention to the company’s track record. “In the last 25 years, we have not defaulted even once. There has been disproportionate talk about our debt,” he said, adding that VRL would repay its debt through a combination of dividend and royalty […]
SBI seeks up to $1 billion in dollar bond issue
The bond, expected to be priced 145-150 basis points above the five-year US treasury rates, is being sold through six lead managers that include JPMorgan and HSBC.
Sebi bans brokers from creating bank guarantees on clients’ funds
Currently brokers and other intermediaries pledge clients’ funds with banks, which in turn issue guarantees to clearing corporations for higher amounts.
SBI plans to hit debt Street soon, issue AT-1, infra & tier-2 bonds
Latest Reserve Bank of India data showed that as on April 7, bank credit growth was 15.7% year-on, far higher than deposit growth of 10.2%. The wide gap between loan growth and deposit growth last year has prompted banks to turn to debt capital markets to raise funds and finance the credit demand.