HDFC Bank raises record $1.8 bn via dollar bond issue MUMBAI: HDFC Bank has raised $1.75 billion through a dual-tranche dollar bond issue from its GIFT City branch to fund overseas lending and general banking operations.The issue comprises $500 million of three-year notes at 5.15% and $1.25 billion of five-year notes at 5.4%, settling Aug…
Noel Tata kicks off Tata Sons succession search MUMBAI: Tata Trusts chairman Noel Tata is understood to have informally kicked off the search process for Tata Sons’ eighth chairman, meeting former HDFC chairman Deepak Parekh at the Taj Wellington Mews Residences in Mumbai on Wednesday, according to people aware of the meeting.The meeting, which also…
Sugar imports open after decade as govt moves to check price surge NEW DELHI: Govt Thursday allowed the import of 10 lakh tonnes of raw sugar, the first such move in a decade, as it stared at a possible decline of at least 20% in the opening stock of the sweetener.The move came soon after…
The bond market remains at the heart of the recent market turbulence. US stock market today: Wall Street benchmarks retreated on Thursday as a rise in oil prices renewed concerns about inflation and pushed bond yields higher. This reversed some of the relief that followed the US Treasury Department’s announcement a day earlier. The US…
Domestic solar cell supply shortage short term, market set to realign soon India’s shortage of domestically made solar cells is expected to ease as manufacturers increase production to meet local-content rules, industry players have said. At present, the country has around 32 GW of solar cell manufacturing capacity and is expected to rise to around…
Economic think tank Global Trade Research Initiative (GTRI) said the change means eligible rupee payments for exports to countries other than Nepal and Bhutan will now qualify for FTP benefits and can also be counted towards meeting export obligations. Source link
Alongside the import decision, the government has introduced tighter restrictions on sugar inventories held by large consumers. India has allowed duty-free imports of 1 million metric tons of raw sugar until October 31, the commerce ministry said on Thursday, as the government moves to boost domestic supplies and contain record prices ahead of the country’s…
The H-1B visa route is becoming more selective, compliance-intensive, and less forgiving. Has the Donald Trump administration effectively killed the H-1B visa dream? Frequent policy changes, increasing restrictions and selective picking – the H-1B visa path for Indian professionals is becoming tougher to navigate – with unpredictability serving as the biggest obstruction.H-1B visas have long…
NSE shares may trade on its platform under ‘permitted-to-trade’ route NSE could soon have its own shares trading on its platform, even as they are already listed on another stock exchange first. The exchange may not need a separate Sebi approval to do this, as the move could come under its existing ‘permitted-to-trade’ system, an…
Brent crude continues to rise amid Hormuz disruption Oil prices remained close to recent highs, above the $90 per barrel mark in early trade on Thursday as investors assessed uncertainty surrounding the US-Iran war and the shipping status through the Strait of Hormuz.Around 7:30 am IST, WTI crude was trading at $84.66 a barrel, up…
