Adani Green plans to raise $1.5 billion via QIP
The funds will be used to expand green energy operations. QIPs allows listed companies to raise capital without depending on foreign capital resources.
RIL to fix record date for listing Reliance Strategic
This March, RIL had said it plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
IPO-bound Tata Play slips into net loss of Rs 105 crore
As per the financial data accessed by Tofler, the direct-to-home (DTH) company’s revenue from operations for the fiscal year dropped 5.1% to ₹4,499 crore from ₹4,741 crore a year ago. Total expenses increased by a percentage point to ₹4,691 crore from ₹4,642 crore.
Securitisation volumes on track to rise 60% in Q1: ICRA
“Despite the rise in interest rates over the past year, the retail credit demand in the country remained strong, resulting in increased financing requirements for the NBFCs and HFCs. Lenders continue to depend on securitisation as a means to raise funds as it helps in diversifying their fund-raising avenues,” Abhishek Dafria, senior VP and group […]
FPIs net buyers of corporate debt in June, after 7 months
As on June 30, foreign portfolio investment in corporate bonds was at ₹1,04,676 crore, an increase of ₹6,094 crore from May 31, NSDL data showed. June marked the first month since October 2022 in which overseas investors made a net purchase of Indian corporate debt.
US Fed talk of more hikes drags rupee to weakest monthly close
The domestic currency closed at 82.51 per US dollar down 22 paise from the previous day’s close. Thursday’s level is the weakest closing for the rupee since June 8 while the price action marks the sharpest single-day decline for the rupee since June 5, Bloomberg data showed.
India growth a catalyst, local arms trump MNCs
Growth visibility has done enough to burnish the allure of these stocks with investors – both at home and overseas. It is no wonder, therefore, that the India-listed stocks of these MNCs trade at premium valuations relative to their parent entities beset with inevitable growth challenges that mature markets present.