IIFL Finance to raise up to Rs 1,000 crore through bond issuance
The bonds will offer the highest yield of 10.50 per cent per annum for tenor of 69 months. It also offers 10 per cent per annum for short tenor of 15 months for the secured category.
US Designates China A ‘Currency Manipulator’ As Trade War Rages
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
My worry is slowdown will last longer than anticipated: Amitabh Chaudhry, Axis Bank
I believe we can grow 6-7% above industry average. We have to be more cautious than before.
Wall Street sinks as yuan slide inflames US-China trade dispute
That slump amounted to a $766 billion loss on paper for the index, according to Refinitiv data.
China vows countermeasures if US deploys missiles in Asia
US Defense Secretary Mark Esper said during security meetings in Asia over the weekend that he wanted to deploy midrange conventional missiles in the Asia-Pacific within months.
Rakesh Gangwal’s fresh salvo, says IndiGo’s new board structure gives more power to Rahul Bhatia
Gangwal alleges a ‘large loophole’ in the proposed new structure of the board.
World’s Richest Lose $117 Billion In One-Day Market Meltdown
Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion as shares of the online retailer tumbled.
Air India may raise ₹7,000 crore in bond sale to repay existing loans
Air India had total debt of ₹55,000 cr and the plan is to raise over ₹22,000 cr in 2 tranches.
YES Bank may launch QIP this week; shares up 3%
“HDFC AMC may be keen to participate in the QIP,” ETNow reported.
Cox & Kings hits lower circuit on fresh payment default
Care Ratings had already downgraded ratings of the companys long-term facilities in July.
Jammu & Kashmir LIVE updates: Bill, resolution will ensure J&K remains with India forever, says Amit Shah
Live updates: Lok Sabha has taken up the Bill to bifurcate J&K into 2 Union Territories; the region remains on high alert.
Shah Mahmood Qureshi wrote letter to UN last week on Kashmir issue.
US ‘destroying international order’, Chinese media says, after currency-manipulator branding.
Sterling And Wilson Solar IPO Opens: Here Are Key Things To Know
Sterling Wilson and Solar IPO: The company plans to raise Rs 3,125 crore by selling 4-4.03 crore equity shares in the price band of Rs 775-780/share.
- Indian-Americans urge Donald Trump to ‘fully support’ India on Kashmir.
- Pakistan intensifying efforts to increase strength of terrorists along LoC: Army.
Get ready to live with a bear market till at least next Budget: Raamdeo Agrawal
The downside correction from here could be very limited but time wise it could be quite prolonged.
Ontario Teachers’, AustralianSuper To Invest $2 Billion In Infra Fund
Both Ontario Teachers’ and AustralianSuper have each signed agreements for investments of up to $1 billion in the fund, NIIF said in a statement.
Rupee, Other Asian Currencies Recover Some Of Losses
People’s Bank of China’s firmer-than-expected yuan fixing helped pull the currency from the lows it touched on Monday, but it still held beyond the 7-per-dollar level that it broke for the first time.
Going by Buffett formula, midcaps set to score over largecaps on D-Street
Midcaps’ valuation discount to largecaps has widened to 22 per cent now.
DHFL Assures Lenders Of No Haircuts Under Resolution Plan
As part of the resolution plan, DHFL will also put a moratorium on repayments and seek funding from banks to start retail lending.
Dilip Buildcon falls 6% as Citi, Kotak cut price target after dismal Q1 earnings.
IndiGo Co-Founder Rakesh Gangwal Says Feud Still Unresolved
Rakesh Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for securities regulator to intervene.
DHFL readies resolution plan, shares rally 10%
DHFL is seeking funding from the banks/NHB for starting retail funding activity.
Realme announces 10 million units shipped worldwide in 14 months
Ten million smartphones in 14 months that translates to 22,000 units sold per day since its debut.
HGS Q1 profit at Rs 40.4 crore, expects strong topline growth in FY20
The company had registered a net profit of Rs 40.3 crore in April-June, 2018.
Goldman Sachs sees no trade deal before 2020 US election, now expects 3 rate cuts
The bank now expects two back-to-back rate cuts from the US Federal Reserve.
Titan Q1 profit grows 6% to Rs 371 crore, income rises 15% YoY
Analysts in an ETNOW poll had projected a profit of Rs 398 crore.
Government To Issue Rules For Non-Banking Lenders Asset Buy Scheme
The government has received a proposal from the RBI on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI.
HSBC To Pay Nearly 295 Million Euros To End Belgian Probe
As well as paying 294.4 million euros ($330 million) as a criminal fine, HSBC will also hand over 400,000 euros in civil damages to the Belgian state.
Indiabulls Housing Finance Reports Profit Of Rs 802 Crore In June Quarter
Indiabulls Housing Finance said its net interest income declined 12.72 per cent to Rs 1,475 crore in the first quarter of the current financial year.
NSE, SGX Win Approval For Joint Derivatives Project At GIFT City
Over the past two decades, SGX has become the most popular market for foreign investors to bet on Indian equity indexes.
Reliance Industries Partners With BP For Fuel Retail Sales In India
The two companies expect the deal to close in the first half of next year and to benefit from Reliance’s huge Jamnagar refining complex.
Reliance, BP form joint venture to set up 5,500 petrol pumps
The joint venture will build on Reliance’s existing fuel retailing network of near 1,400 petrol pumps and an aviation fuel business.
- Excel Crop Care Standalone June 2019 Net Sales at Rs 378.80 crore, down 5.23% Y-o-Y
- Khadim India Standalone June 2019 Net Sales at Rs 216.07 crore, up 13.94% Y-o-Y
Budweiser Beer Maker AB InBev’s Plea To Lift Ban In Delhi Rejected: Report
AB InBev is the second biggest player in India’s $7 billion beer market, accounting for a 17.5 per cent market share.