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India has become a market that you can`t ignore: Global experts India has become a market that you can’t ignore, pushed on by government reforms and a booming tech industry, top industry experts have said.  Speaking at a recent seminar hosted by The Asset in association with Deutsche Bank on the Asia investment opportunity and the post-trade response, they said that five years ago, India’s weighting on the Emerging Market index was 9 per cent.  "It is now over 20 per cent. It is a growth story with a lot of structural posi...
India has become a market that you can`t ignore: Global experts
India has become a market that you can`t ignore: Global experts
Source: IANS
2024-11-17 04:39:45 pm
Brookfield-backed Data InvIT raises nearly $1 billion in rare bond deal to fund ATC India purchase Brookfield-backed Data Infrastructure Trust, an Indian infrastructure investment trust (InvIT), has raised $941 million via rupee bonds to fund the purchase of American Tower Corp's (ATC) local assets, per a term sheet seen by Reuters. However, in what is a rare structure for the Indian market, only foreign investors are eligible to subscribe to Data Infrastructure's 79-billion-rupee issue, the term sheet showed. Canada's Brookfield Asset Management had said at the start of ...
Brookfield-backed Data InvIT raises nearly $1 billion in rare bond deal to fund ATC India purchase
Brookfield-backed Data InvIT raises nearly $1 billion in rare bond deal to fund ATC India purchase
Source: Reuters
2024-09-05 04:05:07 pm
Gujarat CM discusses future collaborations with German Consul General  The Consul General of Germany, Achim Fabig, who is based out of Mumbai, was in Gandhinagar on Friday. Chief Minister Bhupendra Patel had invited a German delegation to visit Gujarat and explore the possibilities of a Sister State Agreement to strengthen ties between Gujarat and Germany. CM Patel presented the Consul General with a Kutch handicraft. Officials shared that during the meeting, CM Patel highlighted Germany’s role as a partner country in the successful Vibrant Glo...
Gujarat CM discusses future collaborations with German Consul General
Gujarat CM discusses future collaborations with German Consul General
Source: IANS
2024-05-18 09:07:58 am
Gold regains ground as dollar, yields slip post US PPI data Gold prices rebounded on Tuesday, helped by a pullback in the dollar and Treasury yields after data showed U.S. producer prices rose more than expected in April, suggesting inflation remained high. Spot gold was up about 1% at $2,358.98 per ounce by 1817 GMT after dropping 1% on Monday. U.S. gold futures settled 0.7% higher at $2,359.90. "The dollar is down and I think that's giving a bit of a lift to the gold market," said Marex analyst Edward Meir. "The fact that...
Gold regains ground as dollar, yields slip post US PPI data
Gold regains ground as dollar, yields slip post US PPI data
Source: Reuters
2024-05-15 09:26:32 am
India`s Muthoot Finance accepts bids for dollar-bond issue, bankers say India's Muthoot Finance has accepted bids worth $650 million for U.S. dollar-denominated bonds maturing in three years and nine months, three bankers said on Wednesday. The company has set a coupon of 7.1250%, below its initial guidance of 7.3750%, amid strong investor demand and received bids worth $1.8 billion, the bankers said, declining to be named as they are not authorised to speak to the media. "The overwhelmingly positive investor response has been highly encouraging an...
India`s Muthoot Finance accepts bids for dollar-bond issue, bankers say
India`s Muthoot Finance accepts bids for dollar-bond issue, bankers say
Source: Reuters
2024-05-08 09:50:18 am
Morning Bid: Japan wage deals put BOJ at centre stage A look at the day ahead in European and global markets from Tom Westbrook Big Japanese companies have agreed in full to union pay demands, a sign that workers could perhaps have pushed a bit harder, but also that wage momentum could encourage a historic policy shift by the Bank of Japan. While hotter-than-expected U.S. inflation - and the risk of upside surprises elsewhere - is pushing back bets on rate cuts in much of the world, there is growing speculation that Japan will end its expe...
Morning Bid: Japan wage deals put BOJ at centre stage
Morning Bid: Japan wage deals put BOJ at centre stage
Source: Reuters
2024-03-13 11:12:05 am
High valuations of market can constrain further rally, say analysts  While the market is steady, the small cap index is showing some strain with a cut of 0.5 per cent on Monday, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Perhaps there is some selling happening in small caps in response to the SEBI advisory to mutual funds flagging concerns of excessive valuations, weakness in the small cap segment is likely to continue, he said. The Chinese National People’s Congress which has begun will be keenly watched by...
High valuations of market can constrain further rally, say analysts
High valuations of market can constrain further rally, say analysts
Source: IANS
2024-03-05 12:14:22 pm
Bankrupt Indian airline Go First gets two financial bids, say bankers India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday. Budget carrier SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline, the bankers said. "The plan includes additional fund infusion to restart the airline's operations," said a banker with a state-run bank...
Bankrupt Indian airline Go First gets two financial bids, say bankers
Bankrupt Indian airline Go First gets two financial bids, say bankers
Source: Reuters
2024-02-25 09:42:09 am
Bankrupt Indian airline Go First gets two financial bids, say bankers India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday. Budget carrier SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline, the bankers said. "The plan includes additional fund infusion to restart the airline's operations," said a banker with a state-run bank...
Bankrupt Indian airline Go First gets two financial bids, say bankers
Bankrupt Indian airline Go First gets two financial bids, say bankers
Source: Reuters
2024-02-24 12:05:54 pm
Dollar on solid ground ahead of Fed The dollar headed for its biggest monthly gain since September and the yen for its sharpest drop in over a year on Wednesday, as traders waited on a U.S. rates decision to round out January. A sharp slowdown in Australian inflation pushed the Aussie dollar down 0.5% to $0.6567 and rallied bonds as investors pulled forward wagers on interest rate cuts. Elsewhere moves were more modest, and the yen made little immediate reaction to a hawkish tilt at the Bank of Japan, while markets waited...
Dollar on solid ground ahead of Fed
Dollar on solid ground ahead of Fed
Source: Reuters
2024-01-31 08:46:17 am
India`s Narendra Modi to bet on popularity over populism in budget ahead of polls Indian Prime Minister Narendra Modi is expected to buck a trend of spending big on new welfare programmes in a budget before a general election to instead focus on infrastructure to keep the economy humming while narrowing the budget gap. Finance Minister Nirmala Sitharaman will announce the budget for 2024/25 on Feb. 1, which economists say will be heavy on political messaging, drumming up the Modi government's pitch of inclusive growth, but conservative in its approach to spending. ...
India`s Narendra Modi to bet on popularity over populism in budget ahead of polls
India`s Narendra Modi to bet on popularity over populism in budget ahead of polls
Source: Reuters
2024-01-29 02:22:39 pm
India`s JSW Steel slows process to buy stake in Canada Teck coal unit India's JSW Steel Ltd is slowing down the process to buy a stake in the steelmaking coal unit of Canada's Teck Resources, a source close to the discussions said, in the first sign that a diplomatic spat is affecting trade ties.Ties between India and Canada deteriorated sharply after New Delhi and Ottawa expelled each other's diplomats in a dispute over the murder of a Sikh separatist leader in the Canadian province of British Columbia in June.India on Thursday suspended visa services for Cana...
India`s JSW Steel slows process to buy stake in Canada Teck coal unit
India`s JSW Steel slows process to buy stake in Canada Teck coal unit
Source: Accord Fintech
2023-09-22 12:35:25 pm
Japan`s yen in spotlight ahead of `live` BOJ meeting The U.S. dollar and most major currencies were flatlining in early trades on Monday, barring a blip in sterling, as a Japanese holiday and a bunch of upcoming central bank meetings sucked the air out of markets.The Bank of Japan's policy meeting on Friday is the highlight of the week in Asia, after Governor Kazuo Ueda stoked speculation of an imminent move away from ultra-loose policy. In a week packed with central bank meetings, decisions are also due from the U.S. Federal Reserve on Wednesd...
Japan`s yen in spotlight ahead of `live` BOJ meeting
Japan`s yen in spotlight ahead of `live` BOJ meeting
Source: Reuters
2023-09-18 09:08:24am