FUND INJECTIONS
Tight liquidity forces banks to tap debt markets, shell out more "To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, ...
01 Jul, 2024, 12.45 AM ISTReliance Retail's FMCG plans stay in fast lane with funds on tap RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will b...
28 Jun, 2024, 12.00 AM ISTRBI using forex market tools to ease liquidity tightness RBI uses forex tools to inject cash into banking system ahead of large outflows due to advance tax payments, keeping borrowing costs low and increasing reserves without impacting inflation-fighting stance.
13 Jun, 2024, 07.30 AM IST- ADVERTISEMENT
Euler Motors raises Rs 200 crore from Piramal Alternatives, others Euler Motors raised Rs 200 crore in funding led by Piramal Alternatives India Access Fund. The firm aims to become India's top electric commercial vehicle brand, with plans to expand to 40 cities by FY25.
29 May, 2024, 04.19 PM ISTPiramal Alternatives leads Euler Motors’ Rs 200 cr fundraise Euler Motors, an electric three-wheeler maker, raised Rs 200 crore ($24 million) led by Piramal Alternatives India Access Fund, with British International Investment and Blume Ventures also participating. Total funding now stands at Rs 570 crore. Th...
29 May, 2024, 04.04 PM ISTLiquidity deficit surges to four-month high The shortfall of funds has pushed up the weighted average call rate (WACR), which represents banks' overnight cost of borrowing and functions as a determinant of other borrowing costs in the economy too. On Wednesday, the WACR closed at 6.75%, the s...
23 May, 2024, 06.10 AM ISTAmazon pumps Rs 1,660 crore into India marketplace entity Amazon's biggest rivals in India, Flipkart and Meesho, are also raising fresh capital. Walmart-backed Flipkart received a cash infusion of about Rs 924 crore in two parts from its related entities based in Singapore in January. Meesho closed a $275 ...
14 May, 2024, 05.54 PM ISTPE fund Apax to step up India play with new team The Apax strategy is more pivoted toward control deals, given its focus on being able to have a seat on the table to drive changes. It is, however, open to partnering with quality founders and management teams in minority settings "where there's a m...
13 May, 2024, 02.47 PM ISTMaiva Pharma raises Rs 1,000 cr from Morgan Stanley PE and India Life Sciences Fund Maiva Pharma has raised Rs 1,000 crore from Morgan Stanley Private Equity Asia and India Life Sciences Fund, including both primary and secondary funding. The funds will be used to set up a new manufacturing facility near Karnataka's Hosur, with cap...
02 May, 2024, 05.52 PM ISTTop Indian fund bullish on telecom stocks amid tariff hike bet Mukesh Ambani’s Jio disrupted the market in 2016 with cheap 4G data services, sparking a price war that reshaped the sector into a near-duopoly dominated by Jio and Bharti. Average revenue per user plunged, burdening telecom operators with massive d...
29 Apr, 2024, 09.14 AM ISTMutual Fund assets up 35% in fiscal 2024 These gains are attributed to the increasing investors in mutual funds, with customers shifting their deposits from the current and savings account, to term deposits for better yield.
16 Apr, 2024, 07.24 PM ISTFrench IT firm Atos seeks over $1 billion in new funds: report Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said.
09 Apr, 2024, 12.57 AM ISTFPIs inject over Rs 6,100 crore in equities in March on strong economic growth, market resilience Foreign Portfolio Investors (FPIs) are turning steady buyers as they bought Indian equities worth Rs 6,139 crore so far this month driven by strong economic growth, market resilience and decline in US bond yields.
10 Mar, 2024, 10.52 AM ISTRBI may allow $5b sell-buy swap to mature on Monday, to inject Rs 40,000 crore The Reserve Bank of India spurs capital inflows to support banking system liquidity. They manage liquidity strain from tax payments through foreign exchange market actions, repo operations, liquidity surplus, and dollar deliveries.
09 Mar, 2024, 04.54 PM ISTRBI seen using fund injections to lower money market rates "Banks have individually communicated with the RBI after the liquidity deficit widened significantly at the end of December. The money market rates had shot up, making it more expensive for borrowers to raise funds in debt capital markets," a source...
08 Jan, 2024, 05.31 AM ISTUS Fed may start liquidity injections by June next year: Neelkanth Mishra Once RBI feels comfortable that now the Fed will keep easing for a while, it will allow them to go easier. When that happens is a much tougher question.
15 Dec, 2023, 09.46 PM ISTAsian Development Bank injects $250 million to boost India's industrial corridors According to ADB, the financial support from ADB aligns with the National Industrial Corridor Development Program (NICDP) initiated by the Government of India in 2016, later updated in 2020 for enhanced planning and management of industrial economic...
09 Dec, 2023, 03.07 PM ISTReliance Retail in talks with Gulf, Singapore funds on $1.5 bn injection Mukesh Ambani's Reliance Retail, India's largest retailer, is in talks with investors including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia for new investments of around $1.5 billion. Singapore's GIC, Abu Dhabi Investment Auth...
13 Sep, 2023, 04.35 PM ISTAurobindo puts its injectables business on the block, again Aurobindo Pharma promoters have begun the process of selling a majority stake in its injectables business, Eugia Pharma Specialities, after negotiations with potential suitors failed to meet valuation expectations. The promoters have hired investmen...
24 Aug, 2023, 11.38 PM ISTTackling plastic pollution and climate change through innovation and injection of sufficient funds Plastics could, likewise, be broken down into constituent chemicals that are combined as desired to produce useful things. The ability to edit genes would help mobilise nature in this cause as well. Bacteria and viruses could ingest one set of chemi...
06 Jun, 2023, 11.32 PM IST