BONDED GOODSTHE MARKET ACCESS INITIATIVE
Adani Group scraps $600 million bond after US bribery charges against founder
The Adani Group has scrapped a $600 million bond offering following US charges against its founder, Gautam Adani, for alleged bribery. The charges sent the group's US dollar bonds tumbling, reflecting investor concerns. Adani is accused of orchestrating payments to secure solar energy contracts in India.
Adani Green withdraws $600 million bond offering amid bribery allegations
Adani Green Energy Ltd. cancelled its $600 million bond offering. The offering was linked to a US court order related to bribery allegations against Adani Group executives. This is the second time Adani Green has withdrawn a bond issuance.
Profectus Capital secures $25 million investment from IFC to accelerate India¡¯s climate goals
The funding, structured as green bonds, will facilitate MSMEs' access to energy-efficient equipment, promoting sustainable growth and reducing their carbon footprint.
Milestone! NSE crosses 20 crore client accounts in October
The National Stock Exchange (NSE) announced it had exceeded 20 crore client accounts in October, marking a growth of 3.1 crore in the past eight months. Maharashtra leads with the highest number of accounts at 3.6 crore, followed by Uttar Pradesh with 2.2 crore, Gujarat with 1.8 crore, and both Rajasthan and West Bengal with 1.2 crore each.
The gold standard of investing: Choosing between ETFs, SGBs, and physical gold this Dhanteras
Today, as gold prices in India reach record highs of ?80,070 per 10 grams, many investors are evaluating the most effective ways to invest in this precious metal. Global geopolitical tensions and economic shifts are pushing up prices, offering Indian investors options among physical gold, Gold Exchange Traded Funds (ETFs), and Sovereign Gold Bonds (SGBs), each with distinct benefits and considerations.
The rising impact of retail investors on debt capital markets
The debt market, traditionally dominated by institutional investors, is evolving to include retail participants. With regulatory reforms reducing retail debt participation from Rs 10,00,000 to Rs 10,000, smaller companies can now raise funds through public NCD issues. This transformation, evidenced by significant growth in corporate bond issuance, promises to enhance liquidity and drive economic development in India.
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China rolls out $112 billion funding schemes to bolster stock market
China's central bank has started two funding schemes to inject up to 800 billion yuan into the stock market. The schemes provide liquidity through asset collateralisation and allow financial institutions to borrow for share purchases. The initiatives aim to support the steady development of capital markets amidst cautious investor sentiment.
Adani group is back again selling green bonds in dollar market
nits of the group¡¯s clean-energy business, Adani Green Energy Ltd. are marketing a green 20-year note in the US currency on Tuesday, as that business ramps up spending to boost capacity. Proceeds from the proposed bond will be used to repay foreign-currency loans, according to a person familiar with the matter who asked not to be identified.
Market Wrap: Sensex, Nifty rise led by banking stocks; investors eye inflation data
Sensex closed with a 0.18% gain led by banking stocks amid optimism over potential U.S. rate cuts. Key gainers included Kotak Bank and HDFC Bank. Star Health dropped 2% following a cyberattack disclosure, while VA Tech Wabag rose 5% on securing orders from Reliance Industries.
China central bank kicks off 500 billion yuan swap facility to aid stock market
China's central bank is initiating a 500 billion yuan funding scheme for financial institutions to bolster the capital market. Eligible firms, including securities, fund companies, and insurers, can apply to use assets as collateral for highly liquid assets. This move follows recent stock market declines.
Top 9 stocks to buy now: With interest rate cycle poised to turn, this could be the right time to pick good quality growth stocks
These nine stocks may not currently have a good upside potential. However, these have good business prospects. A significant proportion of buy and hold ratings indicates analysts¡¯ confidence in such stocks. Any decline in their prices provides investment opportunities due to their good business prospects.
Mutual fund, IPO, bond: Financial jargons translated to sign language for differently-abled
The Indian Sign Language Research and Training Centre (ISLRTC) has developed these signs for various financial and banking terms, with the dictionary now available through a dedicated website and a free application called 'Sign Learn.
Retirement planning: How to get Rs 1 lakh monthly pension after retirement; check investment plan, calculation
How can a senior citizen earn a regular pension of Rs 1 lakh every month after retirement? It requires financial planning ¡ª you need to invest your retirement corpus in a way that can help you with a regular income. Investment choices depend on risk tolerance. Careful financial planning, considering factors like tax efficiency and inflation, is crucial for achieving this goal.
Higher overseas investments in G-secs may lead to an SLR cut: S&P Global
India's inclusion in global bond indices is expected to increase foreign investment in government bonds, potentially reducing banks' role in financing the Centre's debt. This shift may lead to a reduction in the statutory liquidity ratio over time, according to S&P Global economists.
D-Street indices ride high on US Fed¡¯s jumbo rate cut
But broader local gauges and tech counters tumble
NRIs can now invest in Sovereign Green Bonds this new way; Know how the impact on taxation of gains
NRI SGrB: Non-resident Indians can now invest in Sovereign Green Bonds (SGrBs) through the International Financial Services Centre (IFSC) which is located in Gandhinagar, Gujarat. If you are an NRI, you might wander whether you should invest in SGrBs or Green Fixed Deposits or normal Indian government bonds (G-Sec). Read here to know more.
Bullish on equities in the short and long-term, in medium term, bonds make sense: Herald Van Der Linde, HSBC
Herald Van Der Linde from HSBC suggests investors remain positive on equities but avoid crowded trades. He highlights the potential of income-centric investments like bonds in the medium term. The global market outlook is influenced by AI trades and interest rate cuts, with India positioned well despite some stress points.
Centre moots NBFC under Sagarmala to tide over shipping woes
The shipping ministry planned to launch a non-banking finance company under the Sagarmala initiative to address the financing needs of the shipping and shipyard sectors. Awaiting finance ministry approval, this NBFC aimed to provide competitive financing options to these sectors, which faced challenges in obtaining bank loans and lacked infrastructure status.
Foreign flows in G-secs top $1 billion in two weeks
Flow post inclusion in JP Morgan global index, analysts expect investment of around $2 b per month; India likely to reach maximum weight of 10% in Index over the next 10 months
More tax-saving options in Budget 2024: Why the budget should reintroduce tax-saving infrastructure bonds
By reintroducing infra bonds with tax benefits in Budget 2024, the government can ensure that municipalities receive money for much-needed infrastructure development and that more money is in citizens' hands through tax savings.
Little hands at the liquor still: How children were reportedly made to work making and bottling liquor in a factory in MP
A major child labor racket exposed at a liquor distillery in Madhya Pradesh, where over 100 children aged 12-17 were rescued by authorities. The children were allegedly working up to 12 hours a day, handling hazardous chemicals. The company, Som Distilleries, faces accusations of violating child labor laws. Calls for compensation and justice for the victims. Authorities investigating allegations of complicity by officials. Shocking details emerge of burnt, infected hands and underage girls made to wear makeup. Company denies allegations.
India inclusion in JP Morgan Bond index from today, $25-30 bn flow expected. What it means
India, which has been on index watch since October 21, upon its inclusion will have the single highest duration across the index at 7.03 years, with an above average yield-to-maturity at 7.09%, a JP Morgan note said.
What does a reduction in ticket size of corporate bonds to Rs 10,000 mean for retail investors
The key amendments introduced by Sebi are designed not only to lower the entry barriers for potential investors but also to enhance the overall efficiency and transparency of the bond market.
RBI to come out with norms for securitising stressed loans
RBI is set to release final guidelines for securitisation of stressed assets, potentially initiating a junk bond market in India.
Now investors can buy corporate bonds for just Rs 10,000; should you go for it?
While investing in fixed income, investors typically hunt for safety of capital and predictability of return. Most retail investors shy away from debt funds as these are market-linked. While individual bonds may seem appealing, the onus of due diligence falls on the investor.
MF Query: ¡®I have Rs 7-8 lakh surplus funds but don¡¯t want to invest in stock markets¡¯
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
$5 billion boost! Bloomberg to add Indian bonds to EM indices from 2025
The inclusion of Indian bonds in the Bloomberg EM index may bring inflows of $5 billion from passive investors and more likely from active investors as well. In 2023, JPMorgan announced the inclusion of Indian sovereign bonds in its emerging markets index with a maximum weightage of 10% starting June 2024, which is estimated to bring inflows of $20-30 billion.
India's Gujarat state civic body issues Asia's first certified green municipal bond
?India's Vadodara Municipal Corporation has raised 1 billion rupees ($12.07 million) by issuing Asia's first certified green municipal bond, the civic body said in a press release on Friday.
Need to create credit enhancement facility: Finance Minister to NaBFID
Finance Minister Nirmala Sitharaman has asked NaBFID to introduce a structured partial credit enhancement facility and create a data repository for the infrastructure sector. She also advised NaBFID to develop sector specialisation and evaluate large and complex infrastructure projects.
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