BUDGET
Budget 2023 I Income-tax rule change may dampen investor interest in market-linked bonds: Dealers
FM Nirmala Sitharaman announced a crucial change in the Income Tax Act that takes away the tax arbitrage of such bonds.
BUSINESS
Budget 2023: MSMEs get Rs 9,000 cr corpus for revamped credit guarantee scheme
It will be effective from April 1, 2023.
BUSINESS
Union Budget 2023: Government bond yield eases post expected market borrowing figures
Union Budget 2023: At 11:36 AM, the yield on the 10-year benchmark 7.26 percent 2032 bond was trading at 7.3831 percent compared to the last close of 7.3438.
BUSINESS
Exclusive: Expect special incentives for low-income housing from Budget 2023, says Shriram Housing MD & CEO Ravi Subramanian
The rural low-income housing segment with ticket sizes of Rs 8-15 lakh and borrower income of under Rs 3 lakh annually is the segment where the need for adequate housing is acute, said Subramanian.
BUSINESS
Ahead of Budget 2023, Indian rupee falls below 82 against US dollar
The last time the rupee went past the 82 mark against the US dollar was on January 10
BUSINESS
Economic Survey 2023: G-sec trading volume zooms to two-year high in second quarter of FY23
Higher trading volume generally shows the rising interest among the investors and trading in the government security, the survey stated.
BUSINESS
Economic Survey 2023: IBC mechanism has worked well to support ‘ease of doing business’
Economic Survey 2023: Measures like the IBC have helped the system absorb external spillovers, withstand tightening global financial conditions and high volatility
BUSINESS
India's maiden sovereign green bonds yields set 6 bps below current benchmark bond
Currently, the yield on 10-year benchmark 7.26 percent 2032 bonds were at 7.3502 percent, and 7.38 percent 2027 bonds were at 7.1572 percent.
BUSINESS
Rupee may strengthen further in near term to around 81 against dollar: Experts
Since start of this month, the rupee has appreciated sharply and is expected to firm up further thanks to bond inflows
BUSINESS
MC Explains: Why did RBI bar SBM Bank from the Liberalised Remittance Scheme?
LRS is a programme that allows individuals in India, including minors, to freely remit up to $250,000 per financial year.
BUSINESS
Kotak Mahindra Bank net interest margins scale over a decade high
The bank in the December quarter reported a net interest margin of 5.47 percent, which was the highest since fourth quarter of financial year 2010-11
BUSINESS
AT1 Bond case: YES bank to file appeal in SC, says CEO Prashant Kumar
YES Bank had written off AT1 bonds worth Rs 8,415 crore as part of the bailout in March 2020.
BUSINESS
Here’s why experts are bullish on proposed IBC amendments
The government has proposed changes to the insolvency law to enhance the efficiency of the process and experts said they will likely help clear bottlenecks.
BUSINESS
Credit growth likely to be over 14-15% by FY23 end: Analysts
However, January figures will be lower due to high base effect
BUSINESS
Budget 2023: NBFCs hope budget will offer liquidity-enhancement measures
It may help non-bank lenders when cost of funds have increased sharply.
BUSINESS
Explainer | How does RBI’s new rules on expected loss-based approach work? All you need to know
As of now, these norms are meant for only scheduled commercial banks, excluding regional rural banks.
BUSINESS
Pimpri Chinchwad civic body to raise Rs 200 crore via maiden municipal bonds
Officials said they are in talks with the merchant bankers and investors on the tenure of the bonds. This would be the first municipal bonds by any authority in the current financial year.
BUSINESS
CP issuances fell 7% on-month in December 2022 on uptick in yields
Companies raised Rs 1.14 lakh crore in the month through CPs, compared to Rs 1.22 lakh crore in the previous month, according to Prime Database data.
BUSINESS
Why do major IBC cases get delayed for years?
In the Reliance Capital case too, the quest for value maximisation may further delay the resolution process, say experts
BUSINESS
We expect fiscal deficit at 5.8-5.9% of GDP in FY24, says Mirae Assets’ Mahendra Jajoo
The upcoming Union Budget would likely remain focused on growth as concerns about inflation diminish, says the Chief Investment Officer – Fixed Income at the fund house.
BUSINESS
Certificates of deposit issuance rises to a 5-month high in December on uptick in credit growth
Banks raised Rs 77,357 crore in December vs.Rs 71,818 crore in November.
BUSINESS
Exclusive | GoldenPi gets first debt broker licence after new regulations
In November, the regulator had introduced norms for online bond platforms selling listed debt securities
BUSINESS
InCred Financial looking to raise up to Rs 350 crore via NCDs
The issue will open on January 9 and close on January 27
BUSINESS
Funding rush: Corporate bond fundraising rises to over 5½ year high in December
Companies and banks raised Rs 1.21 lakh crore last month compared with Rs 1.02 lakh crore in November, according to Prime Database.
