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Corporate bond issuances rise 28% in June on lower borrowing costs
Fundraising through corporate bonds jumped 28 per cent year-on-year in June as lower yields on government securities, easing borrowing costs and improving market sentiment prompted companies to return to the debt market after a subdued two months. According to Prime Database data, Indian companies raised Rs 1.33 lakh crore through corporate bond issuances in June, compared to Rs 1.04 lakh crore in the year-ago period and Rs 93,675 crore in May. "The sharp increase in corporate bond issuances during June was primarily driven by a favourable shift in market conditions after a relatively muted April and May. The most important catalyst was the significant decline in benchmark government securities (G-Sec) yields, which reduced borrowing costs across the corporate bond market," said Venkatakrishnan Srinivasan, managing partner at Rockfort LLP. Mataprasad Pandey, vice president at Choice Wealth, said the surge in issuances was driven by factors such as the US-Iran peace deal, which pulle
Prime Focus hits the roof after SEBI closes adjudication proceedings
Shares of Prime Focus hit the 5% upper circuit at Rs 245.85 after the Securities and Exchange Board of India (SEBI) closed adjudication proceedings against the company, its promoters, directors and chief financial officer.
Samco launches global investing; Prime Litmus fund, ADIA stake sale
Samco Securities enters global investing with a GIFT City licence, offering Indian investors access to US stocks and ETFs through its trading platform
Worst phase behind, but index gains may be capped: Prime Securities’ Jayakumar
N Jayakumar, Group CEO & MD of Prime Securities, highlighted concerns around the technology sector, pointing to slowing growth and structural shifts driven by AI. He noted that valuations have corrected sharply, with companies now being valued more for their cash flows than for high growth. Given the uncertainty around demand and evolving business models, he believes investors may be better off staying cautious on the sector for now.