With a large dividend payout in FY23, HZL has turned into a net debt company
The stock of Power Grid Corp of India gained about 11 percent in the last one month and it was one of the biggest gainers of the Nifty 50 index on Monday
Foreign portfolio investors have net sold Indian stocks in four out of the past five months. But Nitin Jain of Kotak UK believes the foreign investor will return to Indian shores soon.
Leif Eskesen, Chief Economist -India & ASEAN at HSBC says even the government's own underlying assumptions for nominal gross domestic product (GDP) growth is quite low - around 11-12 percent, while the nominal tax revenue growth expectations are buoyant, which will make it difficult to achieve some of the revenue targets.
Microsoft Corp on Thursday sold USD 2.25 billion of bonds at close to record low borrowing levels as it looks for cheap ways of raising cash to fund its share buybacks and dividend payouts.