D-St punishes Vi amid skepticism over fundraising
The telco has made several efforts to raise capital in the past. Its board had in September 2020 given approval to raise ₹25,000 crore including in equity, and the company had held talks with banks for debt funding. But these efforts have not been successful so far. Key Points
Economic TimesShapoorji Pallonji may pledge Tata Sons shares to raise $1.6 billion
Indias Shapoorji Pallonji Group is in talks to raise $1.6 billion via a private credit facility, according to people familiar with the matter, as conglomerate controlled by billionaire Shapoor Mistry looks to raise cash. The group has been seeking ways to free up cash as rising interest rates bite. It is weighing asset sales including a controlling stake in its flagship engineering firm that could raise about $2 billion, Bloomberg reported in April Key Points
Economic TimesIPO pipeline for FY24 remains strong, 54 firms likely to raise ₹76,189 cr
About 54 firms have received Sebi's approval and are looking to raise up to ₹76,189 crore. They are most likely to hit market in FY24. Another 19 companies are awaiting the market watchdog's approval while looking to raise ₹32,940 crore. Key Points
mintVodafone Idea plans to raise about Rs 45,000 crore via equity, debt
Vodafone Idea plans to raise up to Rs 20,000 crore through equity and equity-linked instruments. Promoters, bankers, and counsels will participate. De Key Points
Times Of IndiaAdani Group considers offering $1.2 billion more bonds
Gautam Adani's conglomerate plans to offer $1.2 billion in dollar bonds by June. Adani Green Energy Ltd. and associated firms aim to raise funds for refinancing existing loans. The company is discussing the transaction with arrangers and bankers and expects to conclude the issuance in four months. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/WE3FEZFDUJL5JK6YSYBNKTNIQE.jpg)
Rupee to rise on bets Fed will not hike rates further
The Indian rupee is likely to open higher on Wednesday as expectations that the U.S. Federal Reserve will not raise interest rates further diminished demand for the dollar. Key Points
ReutersFinally cementing growth; 5 mid & smallcap cement stocks with upside potential of up to 47%
Strong demand, pricing discipline in part of the country and ability to raise prices as soon as the seasonal factor of monsoon got over brought back the focus on cement stocks. With stable energy costs, the operating matrix of the cement sector is favourable. Probably it is one sector which might give positive surprises in Q2 earning season. We take a look at what analysts are saying across cement companies. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters. Key Points
Economic TimesIndian Oil Corp to raise $2.7 bln through share sale
Indian Oil Corp (IOC) (IOC.NS) would raise up to 220 billion rupees ($2.66 billion) through a rights issue of shares, the state-owned refiner said on Friday. Key Points
ReutersCUET UG Answer Key 2023: Last date to raise objections today
CUET UG Answer Key 2023 objection window closes today, July 1, 2023. The direct link to raise objections is given below. | Competitive Exams Key Points
Hindustan TimesIOC, BPCL, HPCL in talks to raise ₹5,500 crore by securitising licence fee
The government has been pushing state-run oil companies for years to monetise their assets to raise resources that can be deployed in new projects. Three years ago, the government had drawn up a plan, which expected state oil and gas companies to transfer some of their pipelines to InvITs and sell minority stakes in those to raise Rs 17,000 crore. The plan didn't take off. Key Points
Economic Times
Vodafone Idea gets board nod to raise Rs 20K crore via equity, debt
Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the... Key Points
The Tribune IndiaMorning brief: NSA Doval to raise London HC violence with UK counterpart
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesVenture capital investment declines slightly to USD 77.4 bn in Jun qtr: KPMG report
a report titled Venture Pulse Q2 2023, which analyses venture funding globally, KPMG said VC investment held relatively steady in April-June, led by a USD 6.8 billion raise by US-based Stripe, USD 2 billion raise by Singapore-based Shein, USD 1.3 billion raise by US-based AI startup Inflection, and USD 700 million raise by India-based Byju. Key Points
Economic TimesStocks in news: Cyient DLM, HDFC Bank, Bajaj Auto, Hindustan Zinc
Suzlon Energy Ltd on Friday said its board has approved a proposal to raise up to Rs 2,000 crore. The company will explore various financial routes to raise the amount. Key Points
Economic TimesFund raise to aid Punjab & Sind Bank’s expansion: MD & CEO
The bank’s capital adequacy ratio was 17.1% as of March 31, 2023, marginally lower than 18.54% a year ago. Key Points
Financialexpress
AIBE 18 answer key: Objection window closes today, link here
AIBE 18 answer key objection window closes today, December 20, 2023. The direct link to raise objections is given here. | Competitive Exams Key Points
Hindustan TimesSBI looks to raise $500 million via dollar bonds
India's largest lender, the State Bank of India (SBI), has reportedly contacted international banks to explore options for a possible bond issue, with initial estimates pointing towards $500m. The bank is expected to formally involve investment banks in the project within a week, with the issue's size dependent on the response from investors. The regulatory framework allowing companies to issue securities to investors in the US and other markets without registering with the SEC is expected to help to bring down costs. Key Points
Economic TimesUpcoming IPOs to watch: RK Swamy, JG Chemicals, and Gopal Snacks
RK Swamy, JG Chemicals, and Gopal Snacks Limited are set to debut on Dalal Street, aiming to raise a combined total of Rs 1,324.85 crore through their IPOs. Key Points
India TodayShriram Finance to issue over 3-yr dollar denominated bonds - bankers
MUMBAI (Reuters) - India's Shriram Finance plans to raise funds through U.S. dollar denominated bonds maturing in three years and three months, two merchant bankers said on Tuesday. The funds raised Key Points
ThePrintReaching the inflection point; 5 mid & smallcap cement stocks with upside potential of up to 36%
First thing which happened after the monsoon got over was that cement companies were quick to raise the prices. While they do raise the prices, it is not done in such a short time after the lean season, also sometimes the noises which are heard from user industry like real estate and infrastructure companies when prices are raised were not heard this time. This is an indication of strong demand which in turn is an indicator of better growth. We take a look at what analysts are saying across cement companies. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters. Key Points
Economic Times
Federal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic TimesCUET PG extended answer key objection window closes today on cuet.nta.nic.in
The window to challenge the provisional answer key of CUET PG 2023 closes today. Candidates can raise objections by logging into cuet.nta.nic.in. | Competitive Exams Key Points
Hindustan TimesPhonePe bags another $100 million from General Atlantic
With this, the digital payments firm has stacked up $750 million till date in its ongoing raise. General Atlantic and its affiliate funds have poured in a total of $450 million as part of the raise. Key Points
Economic TimesAdani Transmission secures nod to raise up to Rs 8,500 crore
The special resolution was passed with 98.64% votes in its favour. Key Points
FinancialexpressVoda Idea may get more time to pay Q1 licence & spectrum fees
Vi has not made the full payment of levies for the past three quarters but has been clearing dues regularly on the extended timeline granted by the department. The company paid INR77 crore for the licence fee against INR770 crore due in the April-June quarter. Key Points
Economic Times
State Bank of India to raise up to $3 bn via debt in FY25
State Bank of India, the country's largest lender, has approved raising up to $3 billion via debt in the current financial year. The funds will be raised in one or more tranches through a public offer or a private placement of senior unsecured notes denominated in U.S. dollars or another major foreign currency. The purpose of the fund raise was not specified. This move comes as Indian banks are bolstering their capital base to meet increasing loan demand. Key Points
Economic TimesVodafone Idea shares zoom 9% on fundraising plans; will the operator taste success?
Vodafone Idea has been struggling for a while to raise capital, which is of utmost significance given the high debt on books. Further, it needs heavy capital investments for network upgradation and rollout of 5G services to compete with rivals Airtel and RJio. On Thursday, AB Group Chairman Kumar Mangalam Birla said that the group remains committed and is making all efforts to rope in external investors. The stock had rallied following the comments. Key Points
Economic TimesAkums Drugs files draft IPO papers with Sebi; eyes Rs 680 cr via fresh issue
The company is looking to raise Rs 136 crore through a pre-IPO placement. If such placement is undertaken, then fresh issue size will be reduced. Proceeds from the fresh issue will be used to repay debt, fund working capital requirements of the company, pursue inorganic growth initiatives through acquisition and for general corporate purposes. Key Points
Economic TimesIndia's Adani Ports to raise $600 mln via non-convertible debentures
India's largest private port operator Adani Ports and Special Economic Zone (APSE.NS) said on Tuesday it will raise 50 billion rupees ($599.8 million) by issuing non-convertible debentures and 2.5 billion rupees through non-cumulative redeemable preference shares. Key Points
ReutersShree Cement plans to bid in India's lithium auction - source
India's Shree Cement (SHCM.NS) plans to bid for lithium mining rights under a government plan to secure critical minerals production through auctions that are expected to raise more than $5 billion. Key Points
Reuters
Reliance files for record ₹20,000 crore bond sale
Mukesh Ambani’s Reliance Industries Ltd. is seeking to raise as much as ₹20,000 crore via rupee-denominated bonds. Key Points
Hindustan TimesIndia's top lender SBI to raise up to 500 billion rupees via debt in FY24
State Bank of India , the country's largest lender, said on Friday it plans to raise up to 500 billion rupees ($6.06 billion) this financial year by issuing debt instruments, as lenders look to meet rising demand for credit. Key Points
ReutersKCET 2023 answer key released at cetonline.karnataka.gov.in
Candidates who appeared for the exam can check the results at the official website at kea.kar.nic.in. | Competitive Exams Key Points
Hindustan TimesPharmEasy fails to raise Rs 1,000 crore equity, breaches covenant on Goldman Sachs loan
PharmEasy was supposed to raise equity of around Rs 1,000 crore, or about $120 million, linked to its burn rate velocity. It has failed to do that after trying for a year and postponing its initial public offering (IPO). Negotiations are on to restructure terms or opt for capital raise. Goldman Sachs owns all assets as collateral. Key Points
Economic TimesSSC JHT Answer Key 2023: Paper I objection window closes today at ssc.nic.in
SSC JHT Answer Key 2023 Paper I objection window closes today, October 20, 2023. The direct link to raise objections is given here. | Competitive Exams Key Points
Hindustan Times
Follow this plan to get a salary hike you deserve
Asking for a pay raise can be nerve-wracking, but there are ways to make the process smoother. To build a strong case, use quantitative analysis to assess your contributions towards reducing costs, increasing revenue, and enhancing customer satisfaction. Mention any upskilling courses you've taken and future learning and development plans. Research your market value to establish your position in the industry. Key Points
Economic TimesNEET UG 2023 Answer Key Released: How to raise objections at neet.nta.nic.in
NEET UG 2023 Answer Key is out. Candidates can follow the steps given below to raise objections against the provisional answer key. | Competitive Exams Key Points
Hindustan TimesWill GOI participate? Sanjiv Bhasin on Voda Idea plans to raise Rs 45,000 crore via equity and debt
Vodafone plans to raise Rs 45,000 crore, with the success depending on the right issue, promoter participation, capex, and the Government of India's reaction. The fundraising will provide breathing space and help Vodafone stay in the fray for 5G. it is a positive in a way that they have at least addressed the big problem of fundraising but one has to see how they are going to manage that. Key Points
Economic TimesREC launching Yen bonds this week to raise Rs 2500 crore
REC has opted for a Regulation S offering which will make it compliant with US laws without the need for the company to register with the stock market regulator there. The offering will be open to multiple investors who invest in Yen-denominated securities based in and outside Japan. Key Points
Economic TimesIndia's Bajaj Finance to raise $1.2 bln via share, warrant issue
Indian non-bank lender Bajaj Finance (BJFN.NS) said on Thursday it will raise up to 100 billion rupees ($1.20 billion) by issuing shares to institutional investors and warrants to its largest shareholder. Key Points
Reuters
5 things that changed for market overnight: Gift Nifty, US Fed minutes to global market cues for Sensex today
A rise in US treasury yields lowered appetite for risky assets amid concerns that the US central bank can continue to raise interest rates to fight inflation. Signs of economic stress in China further dampened investor sentiment. Key Points
mintTaller highways construction targets being fixed ahead of 2024 elections
A senior Roads Ministry official told ET that highway construction goals for the fiscal are being redrawn after top government functionaries expressed dismay at modest targets. He also said there will be higher retail participation in the coming round of National Highways Authority of India (NHAI) infrastructure investment trust (InvIT) fund raise. Key Points
Economic TimesIPO Calendar Next Week: 7 new issues, 8 listings to kickstart a busy month for primary market
The mainboard IPOs of RK Swamy, JG Chemicals and Gopal Snacks will hit the street to raise a cumulative of Rs 1,324 crore. Meanwhile, the SME segment will see public offers of VR Infraspace, Sona Machinery, Shree Karni Fabcom and Pune E-Stock broking. Key Points
Economic TimesVodafone Idea may miss December deadline for fundraise
According to the officials, Vi continues to be in discussions with the potential investors, including in the US, to raise fresh capital by issuing equity and equity-linked instruments. The telco has said that bank lending will follow soon after the equity fundraising is finalised. Key Points
Economic TimesTMC Rajya Sabha MP Derek O'Brien suspended for remainder of Parliament session ‘for unruly behaviour’
Following a heated exchange between Chairman Jagdeep Dhankhar and O’Brien, the latter was asked to leave the house. Leader of the House Piyush Goyal moved a motion for his suspension. Key Points
ThePrint
India's IDFC Bank looks to raise 20 billion rupees in fiscal 2024 - source
India's IDFC First Bank (IDFB.NS) is looking to raise 20 billion rupees ($243.84 million) in equity capital in the second half of the current financial year, a source familiar with the matter said. Key Points
ReutersTorrent Pharma looks to tie up with CVC Capital to fund Cipla purchase
Torrent Pharmaceuticals is in advanced talks with CVC Capital Partners to raise at least $1.2-1.5 billion for its proposed acquisition of rival company Cipla. Torrent is also engaged with Brookfield to raise $1-1.2 billion in mezzanine debt. The company's founders, the Sudhir and Samir Mehta family, are seeking to dilute equity and create a non-disposable undertaking (NDU) using their shares as collateral for loans. Key Points
Economic Times