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Mumbai: As the dust seems to have settled around Adani Group bonds after the recent US-related developments, global brokerage JP Morgan has said that Adani bond portfolio's liquidity is stable, giving an Overweight (OW) rating on four bonds of the Adani Group firms. In a note, JP Morgan gave OW rating on three bonds of Adani Ports and Special Economic Zone (APSEZ) and one of Adani Electricity Mumbai Ltd (AEML), a subsidiary of Adani Energy Solutions. Adani Group bonds have settled after a peri ...Read More >
MUMBAI (Reuters) - Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. These investors net bought bonds worth over 90 billion rupees ($1.06 billion) under the Fully Accessible Route till Wednesday, a majority of which are part of JPMorgan's debt index, data from Clearing Corporation of India showed. Foreign investors heavily so ...Read More >
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only succes ...Read More >
The European share index dropped as investors reacted to France's political unrest and the abrupt resignation of Stellantis' CEO. The STOXX 600 fell 0.1%, while the CAC 40 underperformed. France's borrowing costs increased, and sectors like automobiles and tech faced challenges, although some companies saw gains. Europe's primary share index experienced a decline on Monday as investors offloaded French stocks amidst growing political uncertainty in the country. The resignation of Stellantis' CE ...Read More >
Managing your personal finances effectively is key to achieving financial stability and growth. In Africa, with its unique and diverse economic landscape, it's even more important to have a good grasp of personal finance skills. This article provides practical tips on navigating finances in Africa, focusing on saving, investing, budgeting, and understanding local financial systems. The first step to adulting like a pro is making a budget - and sticking to it! Track your income and expenses over ...Read More >
Bank of India (BOI) has raised ₹5,000 crore from a long-term bond (infrastructure) issue on a private placement basis. Bids amounting to ₹13,700 crore were received and the issue was oversubscribed by 6.85 times against the base issue size of ₹2,000 crore. It also had a green shoe option of ₹3,000 crore. The bank has decided to accept bids of ₹5,000 crore at coupon rate of 7.41% per annum, State-owned lender said in a filing on Wednesday. The issue was an unsecured, subordinated, redeemable, n ...Read More >
New Delhi, November 27 (IANS): Former Attorney General and Senior Counsel Mukul Rohatgi on Wednesday criticised the indictment by a US court alleging bribery charges against the Adani Group, describing it as "completely silent" and lacking specifics. His comments followed a recent filing by Adani Green Energy Ltd. (AGEL) with the stock exchanges confirming that Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain had been cleared of bribery charges by the ...Read More >
The global trading market, valued at $10.3 billion in 2023, is one of the world's fastest-rising sectors. But there is more to the story: it is riddled with challenges like financial exclusion, centralization, limited access, and a lack of diverse asset classes. Despite several attempts to address these challenges, this new player has been hailed by experts as a trailblazer: DTX Exchange (DTX). DTX Exchange (DTX) will stand at the crossroads between traditional and decentralized finance. This ...Read More >
Andhra Pradesh is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters. U.S. authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Central government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of ...Read More >
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