Bank of Baroda on Wednesday said it has raised Rs 1,000 crore through long-term bonds for financing infrastructure and affordable housing. The bank in June approved raising funds of up to Rs 5,000 crore in multiple tranches during FY23 via affordable housing bonds. The bank received total bids of Rs 4,714.40 crore against the issue …
X, previously known as Twitter, has quietly rolled out the long-anticipated feature of audio and video calls for its users. Although an official announcement is yet to be made, this development comes on the heels of a cryptic teaser from X owner Elon Musk. He wrote “ready for it…?” soon after the notification started showing …
Stocks extended a rally Thursday following softer-than-expected US inflation data, which stoked speculation that the Federal Reserve could pivot to a shallower pace of interest-rate hikes. Shares added about 1% in Australia and South Korea, while Hong Kong futures were up a similar amount. US and European contracts were in the green after the S&P …
US stock markets have soared higher in the last one week since the US Federal Reserve hiked interest rates by another 75 basis points. NASDAQ has zoomed 10% while S&P 500 is up more than 5% and Dow Jones has soared 3%. However, Lisa Shalett, Chief Investment Officer, Morgan Stanley Wealth Management is questioning whether …
Gautam Adani-controlled Adani Group will run open offers next week to acquire a 26% stake in Holcim Group’s Ambuja Cement and ACC after it received the go-ahead fromcapital markets regulator Sebifor the ₹31,139-crore buyout. Adani family-owned Endeavour Trade and Investments will make the offer to buy 516.3 million equity shares of Ambuja Cement for ₹19,879 …
BSE Sensex and NSE Nifty 50 have soared higher in recent days, helped by positive flows from foreign institutional investors, softening inflation, and expectations of less hawkish global central banks. However, after the sharp up-move charted by benchmark indices, analysts are not ruling out a short-term correction on Dalal Street. Amid such a scenario, analysts …
Parag Milk Foods Ltd on Wednesday announced that it has raised a total of Rs 131 crore through preferential allotment from marquee investors and promoters. In a regulatory filing, the company said investors have invested Rs 113 crore and promoters about Rs 18.75 crore looking at the promising growth strategy. “The current proceeds of preferential …
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading higher in India on Thursday, as the yellow metal gained in global markets. On Multi Commodity Exchange, gold October futures were up Rs 181 or 0.4 per cent to Rs 51,620 per 10 gram, as against the previous close of Rs 51,439. …
By Aishvarya Dadheech BFSI is presenting a unique investment opportunity as market participants panic about severe post COVID impact. The market is expecting a huge impact on asset quality due to the economic slowdown, job losses and stress on SME/MSME. However, a lot of this pessimism is already priced in. One should invest in BFSI names …
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) plans to define outer limits for the life of close-ended alternative investment funds (AIFs). The regulator is also in favour of putting a cap on the extensions that can be taken by large value funds (LVFs), which pool in money from accredited investors. “Today, …