IDFC to raise up to Rs 80,000 crore to expand business

Last Updated: Friday, August 28, 2015, 22:36

Infra-sector lender IDFC Ltd on Friday said its board has approved raising of up to Rs 80,000 crore by issuing non-convertible securities on private placement basis to expand business.

IDBI Bank to raise $7.5 bn via debt

Last Updated: Friday, August 28, 2015, 18:02

IDBI Bank on Friday said its Board has approved raising of foreign currency debt up to USD 7.5 billion (about Rs 49,000 crore).

Hindalco seeks shareholders' nod to raise up to Rs 6,000 crore

Last Updated: Thursday, August 27, 2015, 15:41

Aluminium maker Hindalco Industries seeks its shareholders' approval to raise up to Rs 6,000 crore through issuance of non convertible debentures (NCDs) on private placement basis.

China to invest $547 bn pension fund in stock markets

Last Updated: Sunday, August 23, 2015, 19:39

In a surprise move, China Sunday permitted its USD 547 billion pension fund, the largest in the world, to be invested in stock market barely weeks after its biggest crash which wiped out about USD four trillion capital between June and July.

EPFO's equity investment depends on performance: Minister

Last Updated: Sunday, August 23, 2015, 19:30

Retirement fund body EPFO would invest more funds in equity markets only if the performance of its investments in stocks is encouraging, Union Minister Bandaru Dattatreya said Sunday.

IMF official says "premature" to speak of Chinese crisis

Last Updated: Saturday, August 22, 2015, 22:38

China`s economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world`s second biggest economy, a senior International Monetary Fund official said on Saturday.

Sebi proposes relaxed norms for infra investment trusts

Last Updated: Thursday, August 20, 2015, 18:51

Under the proposed norms for InvITs, a new investment product for arranging long-term financing for infrastructure projects, Sebi has suggested allowing such trusts to invest in two-level SPV (special purpose vehicle) structure.

Burned by oil, some US fund managers still bet on rebound

Last Updated: Thursday, August 20, 2015, 17:31

Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh.

RIL raises $225 million through overseas bond issue

Last Updated: Thursday, August 20, 2015, 12:31

Reliance Industries Ltd (RIL) on Thursday said it has raised USD 225 million (about Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.

Greece to receive 23 bn euro cash injection ahead of key repayment

Last Updated: Thursday, August 20, 2015, 09:56

Greece is set to receive the first instalment of its third multi-billion-euro bailout Thursday, just as a key repayment to the European Central Bank falls due.

EPFO allows small firms to pay dues by cheques and drafts

Last Updated: Wednesday, August 19, 2015, 23:47

Giving a breather to small firms, retirement fund body EPFO has allowed employers, whose statutory contribution is less than Rs 1 lakh, to make payment through bank drafts, banker's cheques and local cheques till December this year.

IMF extends SDR update as eyes inclusion of China`s yuan

Last Updated: Wednesday, August 19, 2015, 22:52

The IMF said Wednesday that it had extended by nine months the scheduled revision of its elite currencies basket, giving more time for adjustment to the potential inclusion of China`s yuan.