Bajaj Finance Revises Special FD Rates to 8.1%
Non-Banking Financial Companies (NBFCs) have revised their special term FD schemes for 44 months from January 20, 2023, with an interest rate of 8.1% for...
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SAT orders Brickwork Ratings to temporarily hold Sebi orders
The Securities Appeals Tribunal (SAT) has suspended market regulator Sebi‘s decision to terminate Brickwork Ratings India, people familiar with the matter said. A final hearing...
Sugar Stocks Higher in Weak Market, Shree Renuka Hits 11-Year High
Shares of sugar companies were in focus, rising 13% in intraday trading on the BSE on Tuesday, with operating results expected to remain steady in...
Renewable Energy Development Agency Issues Term Bonds to Raise Rs 400 Crore
Three commercial bankers said India’s Renewable Energy Development Agency (IREDA) plans to raise at least Rs 400 crore ($50 million) through the sale of bonds...
SBI and Union Bank of India Set to Raise Rs 5,500 Crore
State Bank of India (NSE -1.81%) (SBI) and Union Bank of India will raise a total of about Rs 5,500 crore in 15-year bonds locally,...
HDFC Plans to Raise Rs 50 Billion via Bond Sale
The private sector bank, Housing Development Finance Corp (HDFC), is planning to raise at least 50 billion rupees or $627.26 million by selling 10-year bonds....
Bank of Baroda to Raise Rs 5 billion Crore Via Perpetual Bonds
Three commercial bankers said that Bank of Baroda plans to raise at least Rs 5 billion ($62.52 million) by selling additional tier 1 perpetual bonds...
Bank of Baroda to Raise Rs 1,000 Crore Via Infra and Affordable Housing Bonds
Media reported that INS that Bank of Baroda, the second largest state-owned lender, plans to raise Rs 1,000 crore by issuing bonds on infrastructure and...
Kesoram Industries Raises High-Cost Capital Via FD to Offer 12.25% Interest Rate
Kesoram Industries, owned by Manjushree Khaitan, daughter of the late Basant Kumar Birla, raised three-year deposits by offering a coupon rate of 12.25% per annum....
Rising Input Costs to Hit Cement Companies’ Margins by 200-230 bps: ICRA
A rise in input costs for cement manufacturers is expected to hit the sector’s overall operating margins by 200-230 basis points in FY22, rating agency...