Auto sector’s weight in FPI portfolio at multi-month high
Auto sector inflow accounted for 21% of the total FPI inflow of $5.4 billion from the beginning of the current fiscal year. This is the second-biggest inflow to a sector after financial services in the same period, which received one-third of the total inflows.
Adani stocks rise most since January Hindenburg report
Adani Enterprises – the group’s flagship firm – soared 18.8%, Adani Wilmar jumped 10% and Adani Ports advanced 6% on Monday. Ambuja Cements, Adani Power, Adani Transmission, Adani Green, Adani Total Gas, ACC and NDTV surged 5% each.
Sebi, RoC to now probe alleged wrongdoings at PTC India Fin
In the notes accompanying the company’s annual results, Delhi-based auditors Lodha & Co said the company has received four show cause notices (SCNs) from the RoC and also one from Sebi in the quarter ended March on corporate governance issues raised by independent directors who resigned on January 19, 2022, and December 2, 2022.
Note exchange & identity proof: Bankers concerned about ambiguity
The Reserve Bank of India (RBI) has said that banks should follow existing guidelines, leaving them to decide their own strategies while accepting ₹2,000 notes for exchange.
RBI may revisit its toolkit to manage liquidity at banks after sudden surge
A higher-than-budgeted surplus transfer by the RBI to the government, and the central bank’s move to withdraw ₹2,000 notes from circulation have substantially altered the liquidity landscape for the banking system. Both announcements, made one after the other by the RBI on Friday evening, will result in an improvement in banking system liquidity, albeit in […]
Governor Shaktikanta Das pushes for stronger governance at public sector banks
Das met the board of directors of all public sector banks in New Delhi to discuss issues related to leadership and governance, and drive growth and sustainability. In a statement, the RBI said the governor acknowledged the role played by the banks in supporting the economy and maintaining resilience along with improved financial performance in […]
NHB, IRFC plan bond sales to raise up to Rs 4,500 crore
NHB is set to issue three-year non-convertible debentures (NCD) maturing in July 2026 with a base size of ₹500 crore with a green shoe option of ₹1,500 crore, sources aware of the development said. Bidding for the bonds will likely take place on May 24.