Piramal Enterprises to raise Rs 590 crore via allotment of bonds
NEW DELHI: Piramal Enterprises on Friday said it would raise Rs 590 crore through allotment of secured redeemable non-convertible bonds on a private placement basis. At the meeting of the Administrative Committee of the Board, the committee approved the allotment of 5,900 secured redeemable non-convertible bonds having the face value of Rs 10 lakh only […]
ICICI Bank raises Rs1,140 crore via bonds
NEW DELHI: Private sector lender ICICI Bank on Friday said it has raised Rs1,140 crore by issuing Basel III compliant bonds on private placement basis. “The Bank has allotted 11,400 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs1,140 crore on private placement basis,” ICICI Bank said […]
PVR to raise Rs 750 crore, seeks shareholders’ nod
NEW DELHI: Multiplex chain operator PVR on Friday said it is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, for which it is seeking shareholders’ nod. In a regulatory filing, PVR said its board had on December 21 approved issue of equity shares of the company with […]
Indian companies raises Rs 6 trillion from equity, debt markets in 2018 : Report
NEW DELHI: Indian companies have raised nearly Rs 6 lakh crore from equity and debt instruments in 2018, but volatile market conditions brought down the kitty by 30 per cent. Political uncertainties ahead of the 2019 general elections may again cast a shadow on fund-raising activities in first half of the new year. Experts, however, […]
Kotak Mahindra Bank surpasses Maruti Suzuki in market cap to enter top 10 club
NEW DELHI: Private sector lender Kotak Mahindra Bank’s market valuation surpassed that of Maruti Suzuki to enter the top 10 club by market capitalisation in the country on Friday. It has also become the country’s fourth most valued bank in terms of market capitalisation after HDFC Bank, State Bank of India (SBI) and ICICI Bank. […]
Tata Investment board approves Rs 450 crore share buy-back
NEW DELHI: Tata Investment Corporation on Friday said the board has approved buy-back of up to 45 lakh shares aggregating a sum of Rs 450 crore. The board of directors of the company at its meeting held Friday approved the buy-back of the shares amounting to 8.17% of the total paid-up equity share capital at […]
Five of top-10 Indian firms add Rs 26,157 crore in m-cap, RIL top gainer
NEW DELHI: Five of the 10 most valued Indian companies together added Rs 26,157.12 crore in market capitalisation last week, with Reliance Industries (RIL) emerging as the top gainer. The gainers list also included HDFC Bank, HUL, ICICI Bank and Maruti Suzuki India, while ITC, HDFC, Infosys and State Bank of India (SBI) suffered losses […]
Sensex, Nifty end lower on weak global cues
MUMBAI: Domestic benchmark indices ended on a negative note after a choppy session on Friday amid weak global cues as the US Fed hinted at a rate hike next month. The 30-share Sensex fell 79.13 points, or 0.22%, to close at 35,158.55. The broader NSE Nifty lost 13.20 points, or 0.12%, to end at 10,585.20. […]
Indian Bank raises Rs 110 crore through bonds
NEW DELHI: Indian Bank said Wednesday that it has raised Rs 110 crore through bonds.The Basel III Compliant Tier 2 bonds, with a coupon rate of 8.85 per cent per annum, were raised on Tuesday. The bonds have tenor at 10 years and call option after completion of 5 years on private placement basis, an […]
Deloitte, EY among 5 entities shortlisted to streamline online registration process: SEBI
NEW DELHI: Regulator Securities and Exchange Board of India (SEBI) has shortlisted five entities including Deloitte and EY that will be entrusted with the task of improving online registration system, inspect market intermediaries and enhance the efficiency of the complaint redressal process. Other firms on the shortlist are Accenture Solutions, BDO India LLP and EIT Services […]
Eight of top-10 firms gain Rs 1.69 trillion in m-cap; TCS, SBI shine
MUMBAI: Eight of the 10 most valued Indian firms together added Rs1.69 trillion in market capitalisation last week, led by Tata Consultancy Services (TCS) and SBI. A strong broader market drove the market capitalisation (m-cap) of the eight blue-chip firms, including ICICI Bank, HDFC and RIL, higher by Rs1,69,865.11 crore for the week ended Friday. […]
Sensex climbs 580 points to reclaim 35k-mark; banking, auto shares steal the show
NEW DELHI: Market benchmark Sensex soared almost 580 points to end at a one-month high of 35,011.65 of Friday, propelled by financials and auto stocks, amid cooling global crude prices, rising rupee and fresh flow of foreign funds. Positive leads from most other Asian markets that jumped to three-week highs and a positive opening of […]
SBI to raise Rs 4,116 crore by issuing Basel III compliant bonds
NEW DELHI: India’s largest lender SBI will raise Rs 4,116 crore by issuing Basel III compliant bonds to add up to its tier 2 capital, the bank said on Friday. The committee of the directors for capital raising has accorded approval to allot Basel III compliant debt instruments qualifying as tier 2 capital of the […]
ArcelorMittal says reached pact with Liberty House for sale of Dudelange, Liege assets
NEW DELHI: ArcelorMittal on said Friday it has reached an agreement with Liberty House for the sale of its assets in Luxembourg and Belgium. The assets are the final part of a divestment package the Luxembourg-headquartered company agreed with the European Commission (EC) during its merger control investigation into ArcelorMittal’s acquisition of Ilva SpA. “ArcelorMittal… […]
Sebi to introduce alternative payment mechanism for retail IPO investors from January
NEW DELHI: Capital market regulator Securities and Exchange Board of India (SEBI) on Thursday said it will launch Unified Payments Interface as an alternative payment option for retail investors, buying shares in a public issue, in a phased manner from January 1 next year, which will cut listing time for an IPO to three days […]
Sensex plummets 344 points on global meltdown
NEW DELHI: Benchmark BSE Sensex slumped about 344 points on Thursday to settle at 33,690.09 on across-the-board selling on prevailing liquidity crunch and fresh weakness in the rupee amid a global sell-off. October futures and options (F&O) expiry added to the woes as investors offloaded their long bets instead of carrying them forward to the […]