How Ambani built Project Jupiter to launch India’s biggest IPOReliance quietly executed Project Jupiter to prepare Jio’s IPO while managing regulatory changes, investor alignment and strict secrecy. Th...
HDFC Bank taps Axis' outgoing CFO Puneet Sharma as new finance chiefHDFC Bank has appointed Puneet Sharma as its new finance chief, following his resignation from Axis Bank. Sharma, who will officially becom...
HDFC Bank appoints former financial services secretary Rajiv Kumar as new Non-Executive ChairmanHDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time (Non-Executive) Chairman. The ba...
Some Indian banks poised for interest margin gains as short-term funding costs fallIndian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. Thes...
Euro zone 10-year yields near three-month lows at start of busy weekBond yields in the Euro zone are at their lowest since early March, a welcome development for central bankers meeting at the ECB's Sintra F...
Capri Global eyes debut dollar debt sale, starts procedure, bankers sayCapri Global Capital is set to enter the foreign currency debt market, planning to raise funds through U.S. dollar denominated bonds. The n...
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC sharesPower Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh cror...
Indian issuers hold dollar bond plans amid demand for higher yieldsIndian issuers, including SBI and BoB, have paused dollar bond plans as investors demand higher yields amid rising supply expectations from...
Vedanta unit accepts bids worth $1.75 billion for three-tranche dollar debt, bankers sayVedanta Resources' subsidiary has successfully raised $1.75 billion through a dollar bond issuance to refinance over $2 billion in high-yie...
RBI nudges banks to offer better forex rates to retail customersThe Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allo...
Ex-banker quits job to build Rs 21 crore chemical-free farming empire in Andhra Pradesh, empowers 3,000 rural womenA former banker, Amith Kishan, completely changed his life by establishing Hebbevu Farms in Andhra Pradesh, a 650-acre natural farming ente...
French proverb of the day: 'A father is a banker provided…' – a lesson on value of parental support; meaning and significance explainedA French proverb highlights the natural instinct of fathers to provide for their families, extending beyond financial support to encompass ...
Mega IPO wave set to sweep Dalal Street as July listings gather paceIndia's IPO market is poised for a strong comeback in July, with over a dozen companies planning to raise approximately ₹45,000 crore. Majo...
Former US Fed chairman Alan Greenspan passes away at 100Alan Greenspan, former US Federal Reserve chief, has passed away at 100. He steered the American economy through significant events like th...
Indian financial firms to tap $1.5 billion overseas bonds this week: BankersIndian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging ...
RBI overhauls Lead Bank Scheme after review, issues new guidelinesThe Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines...
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swapMajor Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion fro...