Tag Archives: at

SBI to raise at least $1 billion via overseas bonds

Mumbai: The country’s largest lender State Bank of IndiaNSE 0.50 % (SBI) is raising at least $1 billion by selling bonds to overseas investors in what is the largest such sale from the country since January 2018. The state owned lender is issuing the bonds in two tranches, one a three year and another a five year as its seeks to shore up funds ... Read More »

Sensex Closes 150 Points Higher, Nifty Settles At 10,791: 10 Things To Know

Seventeen out of 30 Sensex stocks finished the session higher. Domestic stock markets continued to rise for the third session in a row on Thursday. Strong macroeconomic data along with a boost in financial stocks on new RBI Governor Shaktikanta Das’ move to open up a dialogue with lenders pushed the markets higher. Bombay Stock Exchange (BSE) benchmark index Sensex ... Read More »

Dow ends volatile November with more than 150-point rally on hopes of a US- China trade deal at G-20

Stocks closed a volatile month with strong gains on Friday on renewed bets the U.S. and China could strike a deal on trade. The Dow Jones Industrial Average rose 199.62 points to close at 25,538.46. The S&P 500 and Nasdaq Composite both gained 0.8 percent to close at 2,760.17 and 7,330.54, respectively. Stocks wobbled for most of the session until ... Read More »

JP Morgan sees a slowdown coming, with economy growing at less than 2 percent in 2019

Frederic J. Brown | AFP | Getty Images A container delivery truck passes containers stacked at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from COSCO, the Chinese state-owned shipping and logistics company. – JP Morgan economists expect economic growth to slow down in 2019, to a pace of 1.9 percent for the ... Read More »

Now, learn on WhatsApp how to run a small business in India

As part of the partnership, WhatsApp and CII will work on enhancing business communication via CII’s SME Technology Facilitation Centre for SMEs, and also develop informative content, both in digital and physical formats, to distribute among entrepreneurs. WhatsApp and CII will conduct on-ground training across India for SMEs to explain the features and best practices on its messaging platform. (Reuters) ... Read More »

Indian startups make a beeline for funding at RISE

Organisers say there is a 40% increase in number of participants this year and more than 500 investors are attending From tattooing to dress rentals to security solutions, there is an astounding variety of Indian startup dreams searching for funding at ‘RISE 2018’, Asia’s largest tech event currently on in this bustling Asian business capital. By a rough count, as ... Read More »

Sensex, Nifty close at over four-month highs; Dr Reddy’s, SBI, IndusInd Bank top gainers

The Sensex and Nifty closed higher on rise in pharma and banking stocks amid higher Asian markets buoyed by the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore. While the Sensex closed 209 points higher at 35,692 level, the Nifty ended at 10,842, a gain of 56 points. Both the indices closed at over ... Read More »

Why creating a ‘bad bank’ is a better idea than simply throwing money at PSBs

The financial year 2017-18 was among the bleakest for public sector banks (PSBs) as they together reported a record loss of Rs 85,370 crore. The banks had to make higher provisions for bad asset recognition as the Reserve Bank of India’s latest guidelines meant they could no longer restructure loans the way they had been doing in the past. Much ... Read More »

Fitch Holds India’s Sovereign Rating At Lowest Investment Grade

New Delhi: Global credit rating agency Fitch on Friday affirmed India’s sovereign rating at ‘BBB-‘ with ‘stable’ outlook, saying that the country’s medium-term growth potential is strong. ‘BBB-‘ rating indicates lowest investment grade. “India’s rating balances a strong medium-term growth outlook and favourable external balances with weak fiscal finances and some lagging structural factors, including governance standards and a still-difficult, but improving, business ... Read More »

Chanda Kochhar, family’s links to Videocon group date back to at least 2001

Chanda Kochhar and six members of the Kochhar family held shares in a little-known firm called Credential Finance Ltd, along with Videocon group, at least as far back as 2001, regulatory filings show. Three of the Kochhars were also directors on the company’s board in 1995, when it was founded, though it’s not clear if Videocon held a stake in ... Read More »