Missed the rally? No worries… You may yet get a chance to buy at lower levels
Fund managers said modest and brief declines in mid-cap and small-cap stocks in recent times make them more vulnerable to steeper corrections.
SBI likely to raise up to Rs 5,000 cr more, via AT-1 bonds this month
“Bidding for the debt sale is likely on January 17th. It will be an AT-1 issuance with a call option after 10 years and every year thereafter,” a source aware of the development said.
Fed sees rates staying high for some time with cuts eyed in 2024
The minutes indicated increased optimism among participants about the path of inflation, noting “clear progress.” The committee expressed a willingness to cut the benchmark lending rate in 2024 should that trend continue, though the timing of such a move remained uncertain.
Vedanta Resources’ debt rejig plan gets bondholder nod
People familiar with the matter told ET that the approval is more than 97% for bonds maturing in 2024, 2025, and 2026. The company had to immediately repay $1 billion debt on January 21. It had offered an additional early consent fee for those agreeing to the restructuring, sweetening the proposal for investors.