In NE, only Sikkim parties received funds through electoral bonds

In NE, only Sikkim parties received funds through electoral bonds

EC data shows that the Sikkim Democratic Front and Sikkim Krantikari Morcha received funds through the electoral bonds scheme. File | Photo Credit: Reuters GUWAHATI Only two parties from the North-East – both from Sikkim – received funds through the electoral bonds scheme introduced in 2018, two data sets five years apart uploaded by the … Read more

New firms bought crores of bonds within months of formation

New firms bought crores of bonds within months of formation

At least 43 firms newly incorporated in the year 2018 or later have bought electoral bonds worth over Rs 384.5 crore. Of them, four companies, all established in 2023 in Hyderabad, bought bonds worth crores of rupees, just a few months after getting established. As many as nine firms in 2020 and eleven companies in … Read more

Electoral bonds data proves BJP is most corrupt: RJD

Electoral bonds data proves BJP is most corrupt: RJD

RJD’s Manoj Jha | Photo Credit: PTI Senior RJD leader Manoj Jha on March 15 alleged that the data on electoral bonds proves that the BJP Government at the Centre is “the most corrupt political party in the history” of the country. Mr. Jha, the party’s national spokesperson, also claimed that the data, which is … Read more

Inflows into index-eligible Indian bonds set to hit $10 billion

Inflows into index-eligible Indian bonds set to hit $10 billion

Foreign inflows into India’s sovereign bond market are closing in on the $10 billion mark ahead of the country’s inclusion in the JPMorgan Chase & Co’s emerging markets debt index. Investments into index-eligible Fully Accessible Route bonds have risen by 812.18 billion rupees ($9.8 billion) since the announcement in September, data from the Clearing Corp. … Read more

South Korea’s retail investors join craze for Indian bonds

South Korea’s retail investors join craze for Indian bonds

The craze for India’s booming bond market has reached as far as South Korea, where a bond fund that’s been mostly dormant for a decade is suddenly getting lots of interest. Mirae Asset Management Co.’s fund dedicated to Indian debt has grown to about 32 billion won ($22.5 million) from 24 billion won at the … Read more

Mistrys go fund shopping to pay off expensive bonds

Mistrys go fund shopping to pay off expensive bonds

New Delhi: The Mistry family, promoters of Shapoorji Pallonji (SP) Group, is looking to raise ₹15,000 crore in five-year loans against cash flows in their real estate business to replace high-cost debt, according to people with knowledge of the matter. The funds will be used to redeem bonds issued three years ago that have onerous … Read more

Foreigners back India bonds over pricey stocks in tactical bet

Foreigners back India bonds over pricey stocks in tactical bet

Overseas investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan … Read more

Top Indian funds dust off playbooks ahead of index inclusion

Top Indian funds dust off playbooks ahead of index inclusion

As a pivotal year for India’s bond market gets underway, its top money managers are debating the best way to position for inflows that may hit $40 billion, according to some estimates. Aditya Birla Sun Life Asset Management prefers government bonds with maturities of seven to 14 years, while Bandhan Asset favors securities that have … Read more

What to expect from markets going ahead? Vikash Jain answers

What to expect from markets going ahead? Vikash Jain answers

“So, basically, two years ago we started with very inflated multiples and slowly earnings are growing and multiples are falling. So, essentially from that perspective if you think about it, Nifty has underperformed debt returns over a two-year period,” says Vikash Jain, India Strategist, CLSA. After very long we are seeing Nifty coming in at … Read more