Nipah outbreak | Number of cases rises to six in Kozhikode One more person tested positive for the Nipah infection in Kozhikode district of Kerala on Friday, taking the total number of infected persons to six now. Meanwhile, lab tests have proved that E. Mohammedali, the first patient who died on August 30, too was … Read more
The G-20 communique also “encourages tripling of renewable energy capacity by 2030”. Representational file image. | Photo Credit: AP The G-20 Leader’s Declaration for the first time formally recognises the quantum jump in finance necessary for the world to transition to a renewable energy economy. The Declaration “…noted the need for USD 5.8-5.9 trillion in … Read more
CreditAccess Grameen is all set to enter the bond market next week to raise up to Rs 1000 crore in non-convertible debentures, as it looks to diversify the liability profile. This is the second bond raising by India’s largest NBFC-MFI after raising Rs 500 crore in November last year. “The issue is in sync with … Read more
S&P Global Ratings on Thursday revised the credit outlook for Vedanta Resources Ltd to negative, citing increased funding risks. The agency has affirmed the ‘B-‘ rating for the company. It indicates a relatively higher credit risk. In a statement, it said Vedanta Resources’ weakened access to cash flow from its operating subsidiaries at a time … Read more
The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting. “What you’re seeing now is people broadening the breadth of the market,” said Randy Frederick, managing … Read more
The Third Meeting of the G20 Disaster Risk Reduction Working Group was held in Chennai on Monday, July 24, 2023 | Photo Credit: Special Arrangement Over the past few years, India has completely transformed the way disaster risk reduction is financed, said Principal Secretary to the Prime Minister, P. K. Mishra. Speaking at the Third Meeting of the … 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
“Similarly MFIs have been ignored for long but MFIs follow a cycle so if you get the cycle right the upside can be big. So MFIs and mortgage or housing finances within NBFCs where we are currently investing,” says Viral Berawala, Director, Buoyant Capital.Have you started buying pharma yet because that too is showing sparks … Read more
A group of four men was arrested by the Saroornagar police for kidnapping and assaulting two officers from the Central Excise Department when they had reportedly gone to conduct raids on Wednesday. Police rescued them from the gang and nabbed the accused. The officials had reportedly gone to raid the places on information that the … Read more
The strong debt profile of Indian companies was key to maintaining the country’s macroeconomic stability, which is expected to further improve as the current account deficit (CAD) for this fiscal year is set to be smaller than earlier estimates, a finance ministry report said Monday. Supported by gains from high services exports, moderation in oil … Read more