MUMBAI: The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday. NDR InvIT is an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. These 15-year bonds, rated AAA/Stable by India Ratings (FITCH)…
Over the past 5 years, billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) spent $13 billion on acquisitions, marking a strategic shift from its traditional oil and petrochemicals business towards clean energy and consumer-focused sectors. The acquisitions span new energy, telecom, retail, and media businesses, with a notable recent addition to its digital healthcare ecosystem.Last week,…
NEW DELHI: The initial public offer of Indo Farm Equipment Ltd got subscribed nearly 6 times within hours of opening for bidding on Tuesday. The initial share sale received bids for 5,00,12,580 shares, as against 84,70,000 shares on offer, translating into 5.90 times subscription, as per NSE data till 11:57 hours. The Retail Individual Investors…
NEW DELHI: India reported a massive decline in Foreign Portfolio Investment (FPI) inflows during 2024, registering a 99 per cent decline compared to the preceding year, according to the National Securities Depository Limited (NSDL).The NSDL data indicated that net FPI inflows reduced from Rs 1.71 lakh crore in 2023 to Rs 2,026 crores in 2024….
NEW DELHI: India’s current account deficit (CAD) is to remain in a safe zone at approximately 1 per cent of GDP for fiscal 2025, up from 0.7 per cent in the previous year, according to a report by CRISIL.While geopolitical risks will require close monitoring, the strong financial inflows and a steady services trade surplus…
Technical Analysis shows bearish pressure, with Choice Broking’s Hardik Matalia noting significant selling at higher levels. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday, the last trading day of 2024. While BSE Sensex was below 77,900, Nifty50 was just above 23,550. At 9:17 AM,…
Cocoa futures surged on renewed supply fears as concerns over crops in West Africa persist, resuming a rally that has made the chocolate ingredient one of the hottest commodities of the year. The most-active cocoa contract in New York climbed as much as 14% – the biggest intraday jump since May. Futures partly offset losses…
CHENNAI: It’s discounts season in the electric vehicle market. Stock pile-ups, cheaper components and the pressure of CAFE norms have combined to bring big discounts to not only electric passenger vehicles but also electric two-wheelers. According to EV dealers, best-selling electric PVs like Nexon EV and XUV400 EV are offering discounts in the region of…
NEW DELHI: Industry bodies on Monday demanded special focus on generating demand through income tax cuts, higher public spending and job creation by providing a thrust to small businesses in the budget.During the pre-budget consultations with FM Nirmala Sitharaman, CII president Sanjiv Puri suggested that the marginal rate of personal tax on income up to…
The NPS Vatsalya, a version of NPS, is a financial savings solution tailored for children. (AI image) NPS Vatsalya Account Opening: Parents can now establish long-term financial security plans for their children, including provisions for their retirement years, with the NPS Vatsalya. Earlier this year, the Modi 3.0 government introduced NPS Vatsalya, a pension programme…
