A baby sleeps in a bamboo cradle woven by his father at Chukkalapadu settlement of the Muria tribe in Alluri Sitarama Raju district of Andhra Pradesh. | Photo Credit: G.N. Rao Chukkalapadu (ASR district) Kovvasi Chukkayya, 40, a Muria tribal farmer, in the Chukkalapadu settlement of Alluri Sitarama Raju district, Andhra Pradesh, holds two baskets … Read more
Cash pouring into India from its watershed inclusion into key global bond indexes is already reshaping markets in a country long keen to insulate itself from hot money flows. Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.’s landmark announcement in September and are beginning … Read more
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BJP district president Chilukuri Ramakrishna (second from right) and other leaders at a press conference in Kakinada city on Sunday. BJP Kakinada district president Chilukuri Ramakrishna on Sunday demanded a probe into the alleged scandal surrounding the release of Transferable Development Rights (TDR) bonds, worth ₹500 crore, by the Kakinada Municipal Corporation (KMC) to secure … Read more
With the inclusion of India’s government securities (G-Secs) in the global bond index, there could be a huge inflow of FPI money, says Abhijit Roy, CEO of GoldenPi. In an interview with Navneet Dubey of BT Money Today, Roy delves into the intricacies of G-Secs, emphasising why they now present an opportune moment for investors to consider … Read more
The first batch of Sovereign Gold Bond investors, who had made the right decision eight years ago, are elated as the safe haven has ended up delivering a solid tax-free return of 128% besides an annual 2.5% interest. But equity bulls betting on a gold jeweller, with over 844 branches at last count, have managed … Read more
Mumbai: Even as the sword of large-scale open market bond sales by the Reserve Bank of India hangs over the debt market, state governments in the poll season have upset bond traders’ demand-supply calculations by overshooting their stated borrowing plans. So far in October, state government bond issuances have outstripped their indicative calendar by 24%, … Read more
Mumbai: State Bank of India, which owns nearly a fifth of the country’s outstanding banking-sector credit, is tapping the overseas markets again to raise up to $750 million through bond sales being arranged by JP Morgan, BoFA Securities, Standard Chartered Bank and HSBC, two banking industry sources told ET. The bond sale, part of the … Read more
Shares in Asia fluctuate after US stocks ended steady on Thursday, as investors balanced cooling inflation with the prospect interest rates will remain elevated. Australian equities pared early declines while mainland China and Hong Kong shares whipsawed after the opening bell. US equity futures gained ground after the S&P 500 eroded an early advance to … Read more
Indian bond yields could increase 4-11 basis points in the quarter ending September, driven by crude oil prices and the inflation trajectory, forecasts Crisil. Yield on the 10-year benchmark government bond could move up 4 basis points (bps) in the three-month period, while the change for corporate and state bonds could be as much as … Read more