The state-owned lender raised ₹2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields Power Finance Corporation (PFC) withdrew its planned three-year bond issuance on Monday as bids came in at yields higher than the company had expected, while it…
Gaja Alternative Asset Management’s ₹550-crore IPO is a mix of a fresh share sale of ₹450 crore and an offer for sale of ₹100.00 crore. Gaja Alternative Asset Management IPO: Gaja Alternative Asset Management (Gaja Capital) is set to launch its initial public offering (IPO) on Dalal Street today, August 19. This India-focused alternative asset…
Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%. Domestic technology stocks witnessed strong buying momentum in Monday’s trade on…
ADB said the moderation in growth is on account of heightened global uncertainty due to the West Asia conflict, higher energy prices and volatile trade and financial conditions. The Asian Development Bank (ADB) projects India’s gross domestic product growth will ease to 6.9% in the current fiscal year from 7.6% in the previous year before…