Funds

State-run hydro power giant NHPC today said its shareholders have approved the proposal to raise Rs 2,000 crore via issuance of non-convertible debentures on private placement basis. The special resolution to authorise board to raise Rs 2,000 crore via the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures/bonds, in one or more series/tranches, aggregating through private placement, in domestic market...

India will decide its October-March government borrowing amount on Thursday, a finance ministry official said on Tuesday. The government has said it will borrow 3.72 trillion rupees ($56.92 billion) via bonds during April-September, comprising 64 percent of its full-year borrowing. However, market participants expect the government to borrow more than the estimated amount in the second half of...

Masala bonds or rupee-denominated bonds issued overseas would now be part of only external commercial borrowings and not be part of the overall limit of corporate bonds to allow about Rs 44,000 crore more funds under corporate debt. Essentially, this amount pertaining to such bonds would be separately allocated to the investors, and it would essentially increase the corporate...

Mumbai: The rupee on Monday strengthened marginally against the US dollar, tracking gains in the Asian currencies market. The home currency opened at 64.07 a dollar. At 9.15am, the rupee was trading at 64.04 a dollar, up 0.06% from its Friday’s close of 64.08. On Friday, the Reserve Bank of India reported current account deficit (CAD) data that...

Kuala Lumpur/ Singapore/ Mumbai: Asia’s highest-yielding bonds are holding on to their fans, with top investors saying they’ll keep buying Indian and Indonesian debt—even if policy makers don’t keep easing. Rupee- and rupiah-denominated bonds lured a record $29 billion of inflows this year, with central banks in India and Indonesia reducing key interest rates amid lacklustre inflation and subdued...

Mortgage lender HDFC will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital. “The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation,” HDFC said in a filing....

Mumbai: Two days after asking stock exchanges to act against 331 listed entities suspected to be shell companies, the Securities and Exchange Board of India (Sebi) seemingly softened its stance on Wednesday, giving the firms an opportunity to be heard. The markets regulator issued a second communique to the exchanges, asking them to look at the tax returns and...

The case against emerging markets (EM) is gaining steam in one corner of the bond world. Investors yanked out $680 million from the iShares JPMorgan USD Emerging Markets Bond exchange-traded fund last month, the biggest-ever flows reversal. Traders are concerned that after an 18-month rally, rising yields in developed markets from the US to Germany could wreak havoc...

Bengaluru: Aviva, Britain’s biggest life insurer, said it would sell Friends Provident International (FPIL), which provides life assurance and investment products in Asia and the Middle East, to a unit of International Financial Group for £340 million ($443 million). The sale, which follows a strategic review, will allow Aviva to further reallocate capital to businesses that can bring higher...

Most people look only at the returns that an investment vehicle gives. It is, however, important to consider the taxation rules as well since this will reduce the overall returns. Here’s a look at some of these.