Mumbai: For mortgage lenders witnessing strong growth, the Reserve ‘s easing of overseas borrowing limits is of little help as historical restrictions on end use and, more importantly, demand for higher yields by overseas investors make external borrowing unviable for them. The necessity of an investment grade credit rating to tap the overseas market is … Read more
Mumbai: Signs of dollar shortage are emerging in India and several companies with overseas currency borrowing could face some headwinds, the central bank’s Financial Stability Report (FSR) said. “Signs of stress in short-term dollar funding are also emerging,” it said. “With the announcement of sanctions, the Forward Rate Agreement – Overnight Indexed Swap spread – … Read more
The first six months of 2022 have proved volatile for domestic equity markets. Benchmarks Sensex and Nifty have registered double-digit cuts, while indices used to track second rung counters are down up to 17 per cent so far this year. According to the data from AceEquity, 392 stocks out of the BSE 500 index have … Read more
Mumbai: promoter Sameer Gehlaut is set to sell more than half of his holding in the company via a block deal, which will be valued at ₹1,443 crore early Thursday morning and reduce his stake below 10%, a term sheet issued by Jefferies India showed, and confirmed by two people familiar with the deal. The … Read more
NEW DELHI: Sameer Gehlaut, Executive Chairman of Indiabulls Housing Finance, resigned from his position with immediate effect to focus more on the role of Chief Executive Officer of Indiabulls Ventures, another company that he promotes. He will be replaced by Subhash Sheoratan Mundra, ex-RBI deputy governor, the company said. “The board noted that the appointment … Read more