ONGC arm raises $500m in foreign currency loan
ONGC Videsh has drawn the facility and used the funds to repay $500 million in bonds that matured last week. The company had raised $800 million in bonds to meet its financing needs for the ACG project in Azerbaijan in 2013. Bonds worth $300 million with a tenure of five years matured in 2018 while […]
Sebi proposes delisting mechanism for non-convertible debt securities
The proposed mechanism would not be applicable to the delisting of non-convertible debt securities of a listed entity that have been delisted by the stock exchanges as a consequence of any penalty or delisted under a resolution plan approved under the IBC.
Rumble in Karnataka brings jitters to Dalal Street
“Our markets may react negatively and if the markets need an excuse to fall, it will take cues from the Karnataka state polls,” said Andrew Holland, CEO of Avendus Capital Alternate Strategies.
Regulating fractional ownership in realty to draw capital
The regulation will support in boosting the investors’ confidence and thereby help widen the acceptance to the newly emerging investment asset class. The move is also expected to support realty developers bringing in the much-needed liquidity as they can opt for one more channel to monetise their assets.
Stock traders stay calm about US being on cusp of default
Make no mistake, the risk is real. Treasury Secretary Janet Yellen said Friday that the US will “have to default on some obligation” if Congress doesn’t raise debt limit. It’s just equity investors don’t seem to care.
Nifty crossing 18,400 puts 18,800 in sight: Analysts
Any throwbacks toward 17,800-17,900 levels could present better re-entry opportunities and improved risk-reward setups. At the same time, only a follow-through above the resistance can take the index toward all-time highs. Bank Nifty is near its lifetime highs and might face psychological resistance at the 44,000 mark. We are in a secular uptrend, and any […]