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Most Asian shares track Wall Street higher, oil extends losses  Asian stocks were mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. Oil prices are down about 3% after Israeli Prime Minister Benjamin Netanyahu reportedly told the United States that Israel is willing to strike Iranian military targets and not nuclear or oil ones, easing immediate concerns about supply disruptions. [O/R] ...
Most Asian shares track Wall Street higher, oil extends losses
Most Asian shares track Wall Street higher, oil extends losses
Source: Reuters
2024-10-15 08:57:29 am
Goldman Sachs names India investment banking co-chiefs, Hong Kong coverage head Goldman Sachs has appointed Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of investment banking in India, the latest Wall Street bank to bolster its leadership amid a rise in dealmaking opportunities in the country. Ramakrishnan and Nambakam, previously the bank's co-chief operating officers in India, now report to India Chairman and Chief Executive Sonjoy Chatterjee, Goldman said in a statement on Monday. They are tasked with managing Goldman's broader investment ba...
Goldman Sachs names India investment banking co-chiefs, Hong Kong coverage head
Goldman Sachs names India investment banking co-chiefs, Hong Kong coverage head
Source: Reuters
2024-07-15 02:52:08 pm
India sizzles in global equity capital markets amid deals drought in Asia India's bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor's unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said. A paucity of deals elsewhere in Asia will add to the impetus for capital flows into India, they added. Higher global interest rates, geopolitical tensions, as well as China's economic slowdown and its move to restrict initial public offe...
India sizzles in global equity capital markets amid deals drought in Asia
India sizzles in global equity capital markets amid deals drought in Asia
Source: Reuters
2024-03-28 03:45:27 pm
BAT mulls sale of `small part` of stake in India`s ITC British American Tobacco is evaluating a possible disposal of a "small part" of its shareholding in India's ITC through an on-market block trade, it said on Monday. BAT had announced in February that it was "actively working" to reduce its roughly 29% stake in the Kolkata, India-headquartered company which has interests in segments ranging from hotels to consumer packaged goods. Investors were disappointed, sending its shares down when the UK company opted agains...
BAT mulls sale of `small part` of stake in India`s ITC
BAT mulls sale of `small part` of stake in India`s ITC
Source: Reuters
2024-03-12 10:06:25 am
Hyundai Motor says IPO for its India unit not decided yet South Korea's Hyundai Motor Co said on Wednesday that is has not decided yet on listing its Indian unit and it will comment on the matter when the plan becomes finalised or within a month. "As a global company, we constantly review various measures, including listing overseas subsidiaries, to increase corporate value, but nothing has been decided," Hyundai Motor said in a regulatory filing. Reuters reported on Tuesday that Hyundai Motor is planning to list its Indian unit ...
Hyundai Motor says IPO for its India unit not decided yet
Hyundai Motor says IPO for its India unit not decided yet
Source: Reuters
2024-02-07 02:49:27 pm
India`s HDFC Bank accepts bids worth $750 million for dollar bond issuances - bankers India's HDFC Bank has accepted bids worth $750 million for two dollar bond issuances - one maturing in three years and the other in five years, two bankers said on Wednesday. The private sector lender has priced its three-year sustainability bond at a yield of 5.196% and accepted bids worth $300 million. It priced the five-year conventional notes at 5.180% and accepted bids worth $450 million.  The three-year notes are priced 95 basis points (bps) over three-year U.S. Treasury ...
India`s HDFC Bank accepts bids worth $750 million for dollar bond issuances - bankers
India`s HDFC Bank accepts bids worth $750 million for dollar bond issuances - bankers
Source: Reuters
2024-02-07 08:59:57 am
Hyundai explores $3 billion IPO for India unit at $25-30 billion valuation, sources say Hyundai Motor is exploring an IPO for its Indian unit to raise at least $3 billion as early as this year at a valuation of up to $30 billion, potentially making it the country's biggest ever stock offering, two sources said. Hyundai Motor India is in early stage talks for the initial public offering and has held discussions with several banks, said the two sources who have been briefed on the matter. A spokesperson at the South Korean automaker's India unit declined to comment. ...
Hyundai explores $3 billion IPO for India unit at $25-30 billion valuation, sources say
Hyundai explores $3 billion IPO for India unit at $25-30 billion valuation, sources say
Source: Reuters
2024-02-05 12:40:00 pm
India`s HDFC Bank appoints bankers for likely dollar bond issue -bankers HDFC Bank, India's largest private-sector lender, has appointed banks for a likely dollar bond sale, two bankers said on Monday. The bank is looking to issue three-year sustainability dollar bonds and five-year conventional notes, they added. It has appointed Barclays, Bank of America, J.P.Morgan, MUFG and Standard Chartered as joint bookrunners and lead managers to arrange fixed-income investor update calls in Asia and Europe this week, the bankers said. HDFC Bank did not immedi...
India`s HDFC Bank appoints bankers for likely dollar bond issue -bankers
India`s HDFC Bank appoints bankers for likely dollar bond issue -bankers
Source: Reuters
2024-02-05 10:00:03 am
Asia stocks gain ahead of US CPI, Nikkei breaches 35,000  Asian stocks rose on Thursday ahead of U.S. inflation data that could influence the Federal Reserve's thinking on rate cuts, while the crypto world got a boost after exchange-traded funds (ETFs) to track bitcoin were approved in the United States. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak. Japan's Nikkei breached 35,000 for the first time since February 1990 in a blistering start to the ye...
Asia stocks gain ahead of US CPI, Nikkei breaches 35,000
Asia stocks gain ahead of US CPI, Nikkei breaches 35,000
Source: Reuters
2024-01-11 08:59:30 am
Cooling inflation in US might enable Fed to pause any further rate hike Inflation in the US is slowing down to 3.1 per cent, the lowest in two years, signalling continued moderation of consumer price increases. That’s a bit slower than the inflation in October’s prices, as last month the CPI was up 3.2 per cent over the previous month. The US government said that prices for consumers inched higher in November, but the pace of inflation continued to slow down from last year, media reports said. The Bureau of Labor Statistics released its consumer...
Cooling inflation in US might enable Fed to pause any further rate hike
Cooling inflation in US might enable Fed to pause any further rate hike
Source: IANS
2023-12-13 09:13:46 am
Large shareholders cash in as India`s equity market rallies  Large shareholders in Indian firms have sold 1.03 trillion rupees ($12.36 billion) in shares so far this year, double that of in 2022, as an ongoing rally in the domestic equity markets help them offload shares at the fastest pace on record. These shareholders, called "promoters" by the country's markets regulator, control a company's decision making. They sold 437 billion rupees in shares last year, data from information provider Prime Database shows. Private eq...
Large shareholders cash in as India`s equity market rallies
Large shareholders cash in as India`s equity market rallies
Source: Reuters
2023-12-01 12:13:08 pm
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East.MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4%. Tokyo's Nikkei rose 1%.Overnight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen.A host of "favorable" signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank p...
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions
Source: Reuters
2023-10-17 09:14:54 am
Citi, Bank of America see India`s 10-yr bond yield sub-7% post index inclusion JPMorgan's decision to include local Indian bonds in its widely tracked emerging market debt index could boost demand for debt and push India's benchmark 10-year bond yield to sub-7% levels in the coming months, Citi and Bank of America said on Friday.The 10-year benchmark 7.18% 2033 bond yield dropped seven basis points (bps) to 7.0717% in early trades on Friday, the lowest for the 10-year yield since July 27, compared to its previous close of 7.1443%. It was last at 7.1214%.India's local bo...
Citi, Bank of America see India`s 10-yr bond yield sub-7% post index inclusion
Citi, Bank of America see India`s 10-yr bond yield sub-7% post index inclusion
Source: Reuters
2023-09-22 02:03:57 pm