Renewable energy firm Greenko Energy Holdings raised around $1 billion from investors, while Muthoot Finance raised $250 million. Greenko’s bond was priced at 7.25%, tighter than the initial 7.62% target. The bond, issued under a dual Reg S and Reg…
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Analysts no longer expect the rupee to weaken beyond 89 per dollar this year, despite earlier concerns that it could breach 90.
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Large private sector banks in India are blocking Indian promoters’ plans to establish investment companies abroad due to concerns of sidestepping foreign currency regulations. Offshore entities can move significantly higher amounts compared to the liberalised remittance scheme, raising concerns of…
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State-run banks face high credit card bad loan ratios, particularly from cards issued between September 2021 and October 2023 amid competition from fintechs. These banks’ aggressive lending during the post-pandemic boom contributed to the issue, with current stress primarily in…
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Sebi Chairman Tuhin Kanta Pandey emphasized that foreign portfolio investors must adapt to the current taxation regime while India offers significant investment advantages. He also warned against corporate malpractices in disclosures, reassuring that Sebi will take strict actions against such…
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The board will also consider a proposal on the appointment process for key management personnel at market infrastructure institutions such as stock exchanges and easing rules for foreign portfolio investors (FPIs).
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