172@29@17@241!~!172@29@0@53!~!|news|india|news-highlights-of-the-day-exim-bank-raises-10-billion-in-london-stock-exchange-bond-issue-2492379.html!~!|controller|infinite_scroll_article.php
Moneycontrol
you are here: HomeNewsIndia
Live now
AUTO REFRESH
Jan 28, 2018 08:35 PM IST | Source: Moneycontrol.com

News highlights of the day: EXIM Bank raises $10 billion in London Stock Exchange bond issue

This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.


That's all for today, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights.

19:56 EXIM Bank raises $10 billion in London Stock Exchange bond issue

The Export Import Bank of India has raised USD 10 billion with a bond issuance on the London Stock Exchange (LSE).

The 10-year dollar bonds were nearly two times oversubscribed.

The proceeds raised will be used by the EXIM Bank to support Indian project exports, overseas investment by way of long-term credit and its lines of credit portfolio.

"The notes achieved the tightest ever spread over US Treasury for an Indian entity for a 10-year issuance," LSE said in a statement, reports PTI.

The bond has a 3.897 percent annual yield and secured high investor support from across the world, the exchange said.

19:52 Sealing drive: AAP leaders to march to Parliament on Monday

AAP leaders will march to Parliament on Monday, demanding urgent and concrete action by the Centre to immediately put an end to sealing of markets in the national capital, a senior party leader said on Sunday.

The Budget session of Parliament starts on Monday.

Chief spokesperson of AAP's Delhi unit Saurabh Bharadwaj said his party kept on saying that the ongoing sealing drive in Delhi was to due to conversion charges and changes are required in the Delhi Master Plan 2021.

Both of these (conversion charges and Delhi Master Plan 2021) are under the purview of the three municipal corporations, being ruled by the BJP, and the Delhi Development Authority, Bharadwaj said, reports PTI.

19:25 Smart cards for all ration card holders before March 1

Smart cards would be issued to all ration card holders before March 1, state food minister K Kamaraj said in Tiruvarur today.

Speaking to reporters here, he said ration items would be given only through Smart cards from that date, reports PTI.

He said 20 Metric tonnes of paddy would be procured during the current harvest season.

"That is our target," he said.

19:04 Prime Minister Narendra Modi urges political leaders at all-party meeting to ensure success of Budget session, said Minister Ananth Kumar, reports News18.

17:58 Govt, Opposition discuss issues, legislations to be taken up in Budget session

Ahead of the Budget session of Parliament beginning tomorrow, representatives of the government and the opposition met in Delhi today to discuss the issues and proposed legislations which would come up.

While the government wants to push the bill on instant triple talaq pending in the Rajya Sabha along with the one which seeks to grant constitutional status to the OBC Commission, the opposition plans to counter the government on issues such as rising incidents of rapes, alleged "attack" on constitutional institutions and the plight of traders.

"We want to raise these issues as they are important. The government should adopt a cooperative attitude and allow the opposition to raise these issues," Congress leader Pramod Tiwari said ahead of the meeting, reports PTI.

17:08 FinMin to conduct performance review of heads of 12 banks under PCA

The finance ministry would soon initiate a performance review of heads of public sector banks that are under the RBI's Prompt Corrective Action (PCA) as part of the reform process, official sources said.

So far, the Reserve Bank has put 12 public sector banks (PSBs) under watch in view of lagging on certain performance parameters like unexpected level of high non-performing assets (NPAs), low capital level, low return on assets, etc.

These parameters indicate weak financial health of lending institutions and a need to initiate remedial measures to put them on a right course.

Performance review of the top level management of all such banks would be undertaken soon, official sources said, reports PTI.

16:29 Union Finance Minister Arun Jaitley arrived for pre-budget session all-party meeting in Delhi, reports News 18

16:16 Time has not come for any rethink on AFSPA: Army Chief Gen Rawat

Time has not come for any rethink on AFSPA or making some of its provisions milder, Army Chief Gen. Bipin Rawat has said, asserting that the Army has been taking adequate precautions in protecting human rights while operating in disturbed areas like Jammu and Kashmir.

Rawat's remarks assume significance as they come against the backdrop of reports that several rounds of high-level discussions have taken place between the defence and home ministries on the "need to remove or dilute at least some provisions" of the Armed Forces Special Powers Act (AFSPA), reports PTI.

The act gives the security forces special rights and immunity in carrying out various operations in disturbed areas. There has been a long-standing demand from various quarters in J-K and the Northeast to withdraw it.

1:39 pm Andhra Pradesh CM cites friendship, refuses to talk on TDP-BJP spats


N Chandrababu Naidu, refusing to be drawn into a duel with ally BJP, today said he would speak out if, and when, the latter did not want to continue with the alliance.

Naidu was responding to a question on the critical remarks made by some BJP leaders against his government over the last few days.

The Telugu Desam Party supremo told a press conference here this afternoon that it was for the BJP leadership to think about the issue.

1:28 pm Saudi billionaire Prince Al-Waleed freed after 'settlement'

Saudi billionaire Prince Al-Waleed bin Talal was released today after nearly three months in detention following a "settlement" with authorities, as a sweeping anti-corruption campaign targeting the kingdom's elite winds down.

Prince Al-Waleed, dubbed the Warren Buffett of Saudi Arabia, was the most high-profile detainee among 350 suspects rounded up since November 4, including business tycoons and ministers, who were held in Riyadh's luxury Ritz-Carlton hotel. Click here to read the full story.

12:37 pm  India cheapest country to live in after South Africa: Survey


India is ranked second only to South Africa as the cheapest country to live or retire, according to a recent survey of 112 countries.

The survey by GoBankingRates ranked nations on the bases of four key affordability metrics provided by online pricing database Numbeo. The metrics are: Local purchasing power index, rent index, Groceries index, and Consumer price index. Click here to read the full story.



10:53 am FPIs net inflow at USD 3-bn in Indian markets in Jan so far


Foreign investors have pumped in a staggering USD 3 billion (nearly Rs 18,000 crore) into the country's capital markets this month so far on expectation of recovery in corporate earnings and attractive yields.

This comes following an outflow of over Rs 3,500 crore by foreign portfolio investors (FPIs) from the capital markets (equity and debt) in December, depositories data showed.



10:40 am  'Padmaavat' violence: 42 arrested so far, Karni Sena leader detained in Gurgaon

A total of 42 people have been arrested so far and Karni Sena leader Thakur Kushalpal detained in connection with the attack on a school bus and torching of a state roadways bus here during protests against 'Padmaavat' earlier this week, a police officer said today.

Twenty-eight of the 42 people have been arrested in criminal cases registered in different police stations of Gurgaon, while 14 were arrested as part of preventive actions, a police spokesman said.

Click here to read the full story.

 

10:16 AM Violence in UP's Kasganj continues:

09:43 AM Ahead of the Budget, corporate America has urged Finance Minister Arun Jaitley for further reduction in tax uncertainty for multinational companies and institutional investors, a step which it said would help attract more foreign direct investments to India.

"A significant positive step toward improving the investment climate would be to further reduce tax uncertainty for multinational companies and institutional investors in India," Nisha Desai Biswal, the president of the US-India Business Council (USIBC), said in a memorandum submitted to Jaitley.

 
Read More
Read Less

  • January 28, 2018 08:34 PM IST

    That's all for today, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights.

  • January 28, 2018 07:55 PM IST

    EXIM Bank raises $10 billion in London Stock Exchange bond issue

    The Export Import Bank of India has raised USD 10 billion with a bond issuance on the London Stock Exchange (LSE).

    The 10-year dollar bonds were nearly two times oversubscribed.

    The proceeds raised will be used by the EXIM Bank to support Indian project exports, overseas investment by way of long-term credit and its lines of credit portfolio.

    "The notes achieved the tightest ever spread over US Treasury for an Indian entity for a 10-year issuance," LSE said in a statement, reports PTI.

    The bond has a 3.897 percent annual yield and secured high investor support from across the world, the exchange said.

  • January 28, 2018 07:51 PM IST

    Sealing drive: AAP leaders to march to Parliament on Monday

    AAP leaders will march to Parliament on Monday, demanding urgent and concrete action by the Centre to immediately put an end to sealing of markets in the national capital, a senior party leader said on Sunday.

    The Budget session of Parliament starts on Monday.

    Chief spokesperson of AAP's Delhi unit Saurabh Bharadwaj said his party kept on saying that the ongoing sealing drive in Delhi was to due to conversion charges and changes are required in the Delhi Master Plan 2021.

    Both of these (conversion charges and Delhi Master Plan 2021) are under the purview of the three municipal corporations, being ruled by the BJP, and the Delhi Development Authority, Bharadwaj said, reports PTI.

  • January 28, 2018 07:23 PM IST

    Smart cards for all ration card holders before March 1

    Smart cards would be issued to all ration card holders before March 1, state food minister K Kamaraj said in Tiruvarur today.

    Speaking to reporters here, he said ration items would be given only through Smart cards from that date, reports PTI.

    He said 20 Metric tonnes of paddy would be procured during the current harvest season.

    "That is our target," he said.

  • January 28, 2018 07:02 PM IST

    Prime Minister Narendra Modi urges political leaders at all-party meeting to ensure success of Budget session, said Minister Ananth Kumar, reports News18.

  • January 28, 2018 05:56 PM IST

    Govt, Opposition discuss issues, legislations to be taken up in Budget session

    Ahead of the Budget session of Parliament beginning tomorrow, representatives of the government and the opposition met in Delhi today to discuss the issues and proposed legislations which would come up.

    While the government wants to push the bill on instant triple talaq pending in the Rajya Sabha along with the one which seeks to grant constitutional status to the OBC Commission, the opposition plans to counter the government on issues such as rising incidents of rapes, alleged "attack" on constitutional institutions and the plight of traders.

    "We want to raise these issues as they are important. The government should adopt a cooperative attitude and allow the opposition to raise these issues," Congress leader Pramod Tiwari said ahead of the meeting, reports PTI.

  • January 28, 2018 05:07 PM IST

    FinMin to conduct performance review of heads of 12 banks under PCA

    The finance ministry would soon initiate a performance review of heads of public sector banks that are under the RBI's Prompt Corrective Action (PCA) as part of the reform process, official sources said.

    So far, the Reserve Bank has put 12 public sector banks (PSBs) under watch in view of lagging on certain performance parameters like unexpected level of high non-performing assets (NPAs), low capital level, low return on assets, etc.

    These parameters indicate weak financial health of lending institutions and a need to initiate remedial measures to put them on a right course.

    Performance review of the top level management of all such banks would be undertaken soon, official sources said, reports PTI.

  • January 28, 2018 04:28 PM IST

    Union Finance Minister Arun Jaitley arrived for pre-budget session all-party meeting in Delhi, reports News 18

  • January 28, 2018 04:14 PM IST

    Time has not come for any rethink on AFSPA: Army Chief Gen Rawat

    Time has not come for any rethink on AFSPA or making some of its provisions milder, Army Chief Gen. Bipin Rawat has said, asserting that the Army has been taking adequate precautions in protecting human rights while operating in disturbed areas like Jammu and Kashmir.

    Rawat's remarks assume significance as they come against the backdrop of reports that several rounds of high-level discussions have taken place between the defence and home ministries on the "need to remove or dilute at least some provisions" of the Armed Forces Special Powers Act (AFSPA), reports PTI.

    The act gives the security forces special rights and immunity in carrying out various operations in disturbed areas. There has been a long-standing demand from various quarters in J-K and the Northeast to withdraw it.

  • January 28, 2018 01:39 PM IST

    Andhra Pradesh CM cites friendship, refuses to talk on TDP-BJP spats

    N Chandrababu Naidu, refusing to be drawn into a duel with ally BJP, today said he would speak out if, and when, the latter did not want to continue with the alliance.

    Naidu was responding to a question on the critical remarks made by some BJP leaders against his government over the last few days.

    The Telugu Desam Party supremo told a press conference here this afternoon that it was for the BJP leadership to think about the issue.

Sections