AT1 Bond Sale: HDFC Bank ropes in I-Banks

“The bank held a group call Tuesday with all such investment bankers announcing their appointment,” one of the persons cited above told ET. It is likely to raise anything between $500 million and $1 billion depending on demand and pricing.
Economic Times, 22 hour(s) ago
Also from: NDTV, Rediff.com and 2 other sources

Nykaa, Policybazaar to file papers to raise Rs 11,000 crore via IPOs

Investment banking sources told ET that lifestyle retailer Nykaa, which plans to raise ₹5,000 crore, will likely file its draft red herring prospectus (DRHP) by this weekend. Policybazaar will file its DRHP next week for a ₹6,000-crore IPO.
Economic Times, 23 hour(s) ago
Also from: NDTV, Times of India and 1 other source

Sundaram Home Finance seeks to raise Rs 2,500 cr to fund growth plans

The company had made disbursements of Rs 249.27 crore for the quarter under review as compared to Rs 99.98 crore in same quarter last fiscal. The company to fund its growth plans was also looking to raise Rs 2,500 crore this year through a mix of debt ...
Economic Times, 1 day(s) ago
Also from: NDTV, Rediff.com and 2 other sources

India expected to see 7% growth next fiscal: CEA

Chief Economic Adviser K V Subramanian on Wednesday said India is expected to hit a growth rate of 6.5-7 per cent in 2022-23 and accelerate further to 8 per cent in the subsequent years on the back of reforms undertaken by the government. Illustration: Uttam Ghosh/Rediff.com He also said the government is expected to meet the fiscal deficit target of 6.8 per cent in the current fiscal despite pressure on revenue collections. Our projection is that from FY'23, we should be hitting a growth of ...
Rediff.com, 1 day(s) ago
Also from: NDTV, Rediff.com and 2 other sources

Oil prices slip but remain near $75 after large inventory drawdown

Brent crude oil futures fell 5 cents, or 0.1%, to $74.69 a barrel by 0108 GMT while US West Texas Intermediate (WTI) crude oil futures slipped by 4 cents, or 0.1%, to $72.35 a barrel.
Economic Times, 21 hour(s) ago
Also from: Economic Times

Unlawful deals: Claims of Rs 1.6 lakh crore filed at NCLT by resolution professionals of companies gone bankrupt

National Company Law Tribunal (NCLT) alleging ‘unlawful’ transactions entered into by the companies prior to their admission into Insolvency and Bankruptcy Code (IBC) proceedings, according to a government official. The list of companies whose RPs have ...
Economic Times, 22 hour(s) ago
Also from: Economic Times

Chinese stocks in tentative bounce, Fed in no hurry to taper

The next Fed meeting is not until late September, offering the market a break from tapering talk.
Economic Times, 21 hour(s) ago
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Keeping telco alive immediate priority: Aditya Birla Group not planning to buy shares of Vodafone Idea from co-promoter

If equalisation of stakes doesn’t happen even in four years, the UK telecom major can sell its holdings to reach ABG's level from the start of the fifth year to the 10th. Vodafone holds 44.39% of Vi.
Economic Times, 22 hour(s) ago
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Ola expands ESOP pool to Rs 3,000 crore ahead of IPO

Ola is also giving employees an additional Rs 400 crore in stocks in the run-up to its IPO.
Economic Times, 21 hour(s) ago
Also from: Economic Times

No irrational exuberance in market, says Sebi chief

Sebi chairman Ajay Tyagi on Wednesday said there was no over-exuberance in the stock market and the current rally was being driven by easy availability of funds and record-low interest rate globally.
Economic Times, 21 hour(s) ago
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