BJP seeks probe into ‘TDR bond scandal’ in Kakinada

BJP seeks probe into ‘TDR bond scandal’ in Kakinada

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

This is the right time to invest in G-Secs, says Abhijit Roy of GoldenPi

This is the right time to invest in G-Secs, says Abhijit Roy of GoldenPi

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

Gold bond shines with 128% tax-free return in 8 years but a jeweller wins hands down

Gold bond shines with 128% tax-free return in 8 years but a jeweller wins hands down

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

A gush of state bonds may upend market dynamics

A gush of state bonds may upend market dynamics

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

SBI plans to raise $750 million via overseas bond issues

SBI plans to raise $750 million via overseas bond issues

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

Asian stocks mixed after tame US CPI; dollar steady

Asian stocks mixed after tame US CPI; dollar steady

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

KIIFB planning to mobilise ₹ 1000 crore for infrastructure projects through green bond issue

KIIFB planning to mobilise ₹ 1000 crore for infrastructure projects through green bond issue

The Kerala Infrastructure Investment Fund Board (KIIFB) is planning to mobilise up to ₹1,000 crore through domestic green bond issue for financing infrastructure projects. KIIFB has invited a request for proposal (RfP) for the appointment of merchant bank/arranger for the proposed fund mobilisation. Green bonds are used to finance environment-friendly projects. According to RfP floated … Read more

Tamil Nadu Governor hails historical Kashi-Rameswaram bond

Tamil Nadu Governor hails historical Kashi-Rameswaram bond

Tamil Nadu Governor R. N. Ravi interacts with delegates before flagging off a train carrying them to the ‘Kashi Tamil Sangamam’, at the Egmore railway station in Chennai on November 17, 2022. | Photo Credit: PTI Tamil Nadu Governor R.N. Ravi said that the western notions of a State and sovereign ruler fail to comprehend … Read more