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Power finance cos turn to global markets for cheaper funds
Indian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made foreign currency borrowing cheaper. Companies like REC and PFC are planning to raise significant funds through external commercial borrowings. This move is expected to lower borrowing costs for these public sector undertakings.
Super Micro tumbles 19% after unveiling $7 billion equity raise to fund AI server expansion
Super Micro is tapping capital markets to finance a growing AI server business backed by nearly $39 billion in orders. While analysts see the fundraising supporting long-term revenue growth, investors reacted negatively to the prospect of significant shareholder dilution.
RBI cancels registration certificates of 135 NBFCs
The Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered their licenses. These actions are due to various reasons including exiting the business or ceasing to be legal entities. Many of the cancelled companies were based in West Bengal. This move impacts the financial landscape.
Banks pay 7% on dollar deposits as India seeks fresh foreign currency
Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and support the rupee. This strategy aims to strengthen the currency amidst high oil prices and intense domestic deposit competition.
India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI Report
India's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's external position. These steps aim to strengthen the Rupee and attract foreign capital. This could lead to a balance of payments surplus for FY27. Inflows are expected to boost foreign exchange reserves and banking system liquidity.
Small Hydro Power offers excellent potential for strengthening energy security
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Banks Raise FCNR-B Deposit Rates After RBI Support
HDFC Bank, YES Bank, AU Small Finance Bank and Central Bank of India have raised FCNR-B deposit, people familiar with the matter told NDTV Profit.
Lyptus Punch-Card Fund buys stake in Capital Small Finance Bank. Details here - Mint
Lyptus Punch-Card Fund buys stake in Capital Small Finance Bank. Details hereMint
Trade Spotlight: How should you trade Union Bank of India, LIC Housing Finance, Bank of Maharashtra,... - Moneycontrol.com
Trade Spotlight: How should you trade Union Bank of India, LIC Housing Finance, Bank of Maharashtra,...Moneycontrol.com
Oman India Fund sells Capital Small Finance Bank shares worth ₹37 crore
An Oman-backed private equity fund has sold a 3.65% stake in Capital Small Finance Bank for nearly ₹37 crore through a block deal, with Lyptus Punch-Card Fund picking up the entire stake at a slight discount to the market price.
From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capital
India is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new measures. These aim to bring in more dollars and stabilize the rupee. The initiatives include special swap facilities and tax exemptions for foreign investors. These actions are designed to make Indian markets more appealing to overseas capital.
Quick Wrap: Nifty PSU Bank Index rises 3.62%
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