IndusInd International to raise Rs 4,300 crore to complete Reliance Capital takeover
The Hinduja Group investment firm is offering an annual return, or coupon rate, of 15% on the NCDs, which will be secured against Reliance Capital shares with Reserve Bank of India (RBI) approval, the sources said.
Indices, rupee fall as markets take stock of Fed tone
Elsewhere in Asia, China declined 0.4%, Hong Kong fell 0.6%, South Korea declined 2% and Taiwan dropped 1%. The pan-Europe index Stoxx 600 fell 1.5%. Wall Street’s main indices gained some ground on Thursday.
Hot Stocks: 3 stocks that may give returns between 13-26%
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 13% and 26% as per analysts’ price targets.
Foreign investors seek greater fungibility of FDI and FPI rules
They are knocking on the doors of the government and financial market regulators, urging them to rethink a rule that forbids an overseas investor from being a foreign direct investor (FDI) as well as a foreign portfolio investor (FPI) in the same company.