NEW DELHI: State-run power major NTPC Ltd on Saturday said its board has approved a proposal to raise up to Rs 18,000 crore through issuance of non-convertible debentures (NCDs) or bonds via private placement in the domestic market.According to a regulatory filing, the company’s board gave its nod during a meeting held earlier in the…
In a move aimed at boosting long-term foreign investment in Indian debt markets, Sebi on Wednesday approved several compliance relaxations for Foreign Portfolio Investors (FPIs) that invest exclusively in Indian government securities (G-Secs).The decision, taken at the regulator’s board meeting, is expected to simplify onboarding, reduce paperwork, and improve ease of doing business for these…
NEW DELHI: The Indian bond market is gaining momentum due to lower inflation and expectations that the Reserve Bank of India will cut interest rates, according to a report by Jefferies.The report indicates favourable conditions for domestic bonds, particularly appealing to long-term investors amid evolving global financial conditions. India’s consumer price inflation has shown a…
Mahendra Patel, a 57-year-old Indian-origin engineer, was released on a USD 10,000 bond after spending 45 days in the Cobb County Jail in Georgia. Patel had been arrested following a March 18 incident at a Walmart in Acworth, where he was accused of attempting to kidnap a two-year-old boy. According to the police complaint, Patel…
Investors holding the Sovereign Gold Bond (SGB) 2017-18 Series VI, issued on November 6, 2017, will be eligible for premature redemption on May 6, 2025, at a price of Rs 9,453 per gram, as notified by the Reserve Bank of India. This marks a gain of around 221% on the original issue price of Rs…
Rohit Sharma and Shane Bond (Screengrabs) NEW DELHI: A light-hearted moment between Rohit Sharma and Shane Bond stole attention after Mumbai Indians‘ emphatic 100-run win over Rajasthan Royals on Thursday. In a video posted by Rajasthan Royals’ official X (formerly Twitter) handle, Rohit was seen joking with Bond’s kid over a video call post-match: “I…
Heated exchange between Riyan Parag and Tushar Deshpande (Screengrabs) NEW DELHI: A tense moment between Rajasthan Royals’ Riyan Parag and bowler Tushar Deshpande has gone viral. The clip during a strategic time-out shows Parag animatedly pointing a finger at Deshpande, clearly unhappy with something that occurred. As the exchange grew heated, Royals’ bowling coach Shane…
The bedrock of the financial system trembled on Friday, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the…
NEW DELHI: Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the $750-million private bond issuance by the Adani Group.The US-based asset manager, overseeing $12 trillion in assets, has taken on one-third of the $750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of the…
The parallels between President Trump and Liz Truss, Britain’s shortest-serving prime minister, are growing starker. Ms. Truss triggered market turmoil in 2022 after she proposed sweeping tax cuts that she proposed to pay for with massive government borrowing. Ms. Truss was ultimately doomed by fears of a credit crisis after yields on British government bonds…