KARNATAKA BANK BONDS
Stocks to buy: Bet on stocks with good entry points now; 5 stocks with up to 27% upside potential
Stocks to buy: Identifying recently corrected stocks with good fundamentals can be effective in the current market. Moving averages help distinguish between stocks in correction and those in a bear trend. Stocks that have seen a recent correction and are fundamentally sound can prove good investment bets.
Big electoral bond buyer Megha Engineering to sell city gas business
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
Banks, LIC, private insurers, tax department open today: Transactions you can do
Working weekend: Bank, insurers and even the tax department are all working this weekend. Here is a look at the various transactions you can conduct today.
Electoral bonds: A look at top buyers, other key numbers
Here’s a look at the top electoral bond buyers along with an examination of some of the other key numbers that have emerged from the initial data dump.
Electoral bonds: DMK's disclosure shows Future Gaming, Megha Engg as top donors
The latest information is based on disclosures of donors' names by a few political parties to the poll panel. Most beneficiaries of the electoral bonds scheme, including the BJP, All India Trinamool Congress, Congress, BRS and BJD, did not disclose the names of donors.
'PM Modi should be held accountable': Congress chief Kharge targets BJP over Electoral Bonds data
Congress National President Mallikarjun Kharge held a press conference on March 15, in Bengaluru, Karnataka. Reacting to the report by the Election Commission on the Electoral bonds data received from the State Bank of India, Congress Prez hit out at th...
- Go To Page 1
There is more to BFSI than just banks: Financial services stocks with “Buy” rating which may deliver 12-30% returns
In the last few weeks, just because one bank has underperformed and was able to drag the market lower, that does not mean everything in one of the most important sectors of the economy, which is BFSI, is bad. This distinction needs to be made because in BFSI space every segment has a very different operating matrix and hence the growth path. So, while banks might be under pressure, AMCs have been doing well. Similarly, life insurers are under pressure but the general insurance companies have done well. So rather than a broad brush, have a look at companies individually for better decision-making. So rather than a broad brush, have a look at companies individually for better decision-making as analysts are bullish on many companies in the financial services space.
There is more to BFSI than just banks: Financial Services index stocks with “Buy” rating which may deliver more than 25 % returns
Three years of underperformance when topped by a decline of more than 15 in just one month and makes the management come out with clarification is bound to rattle many and is bound to have rub off on other players in the sectors which may not be banks. However because they are part of the financial service sector they tend to get clubbed together. But the fact is that just because one bank is facing headwinds does not mean the whole financial sector is facing the same. While banks might be under pressure, AMC's have been doing well. Similarly, life insurers are under pressure but the general insurance companies have done well. So be selective as analysts are bullish on many companies in the financial services space.
A cut in CRR by the Chinese central bank: Will they perform this time? 6 metal stocks for tactical investing
Because the metal stocks are highly correlated to Chinese economic growth. Like in the past, whenever the Chinese central bank has taken any step this time also on Wednesday the metal stocks reacted positively. But the question is whether this cut is a reflection that the economic slowdown in China is much worse than what the world has been estimating. If the trouble is deeper than what was perceived then metal stocks might stay as under-performers, but if there is a recovery which would first be reflected in the global commodity prices then it would be an indication that metal stocks may do better in coming months. In both cases it is worthwhile to keep both metal stocks and metal prices on the watchlist.
There is more to BFSI than just banks: Financial Services index stocks with “Buy” rating that may rally over 25%
Three years of underperformance when topped by a decline of more than 10 percent decline in stock price which erodes 1 lakh crore in market capitalization is surely going to create sentiment that all is bad with a bank and given it has been the biggest of wealth creators is bound to have rub off on other players in the sectors which may not be bank but because they are part of the financial service sector they tend to get clubbed together. But the fact is that just because one bank is facing headwinds does not mean the whole financial sector is facing the same. So be selective as analysts are bullish on many companies in the financial services space.
GMR Airports raises ₹800 cr from Standard Chartered, Aditya Birla Fund & Varde Partners
GMR Airports secures a ₹800 crore debt facility from a consortium involving Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund. This funding marks a part of the ongoing capital raising efforts by GMR Airports and its subsidiaries, totaling over ₹8,400 crore since November. The proceeds will be utilized for refinancing existing debt and investments across various airport-related ventures. The consortium investments aim to support GMR's strategic airport development initiatives across India and other international locations.
GMR Airports raises Rs 1,950 cr for three years to refinance debt
GMR Airports, the holding company of the airports in Delhi, Hyderabad and Goa, will use the proceeds to refinance high-cost borrowings and partly to invest in subsidiaries, said the bond documents that did not name the investors. The coupon rate of 13.275% comprised 5% as cash coupon and 8.275% as redemption premium, the documents stated.
JP Morgan, Tata Cleantech Capital, others give Rs 2,475 cr funding to GMR’s Goa Airport
GMR is constructing another airport at Bhogapuram, Andhra Pradesh, at a cost of Rs 4,700–4,800 crore. Spread over 294 acres, the airport is expected to cater to 24 million passengers. In a corporate presentation earlier this month, the company said financial closure for the project is “in advance stages” and that it has “achieved required sanction from all participating financial institutions /banks,”. It has also won the bid to “commission, operationalize and maintain” a civilian airport at Bidar, Karnataka. It has received the mandate to develop, modernise and operate Nagpur airport.
Banks drag Sensex 100 points lower, Nifty below 19,750
Among the Sensex stocks, SBI, Bajaj Finance, Axis Bank, Bajaj Finserv, and HDFC Bank opened with cuts, while Asian Paints, M&M, Tata Motors, UltraTech Cement, and Maruti opened with gains.
Tata-Wistron deal complete; InCred to join unicorn club with new funding
India’s salt-to-software conglomerate Tata Group will now make iPhones after it completed its acquisition of Wistron on Wednesday. This and more in today’s ETtech Top 5.
LIC portfolio: Tata Motors, RIL, ICICI Bank among 84 stocks India bull dumped in Q2
An analysis of shareholding patterns of BSE-listed companies shows that LIC dumped at least 84 stocks like Tata Motors, Reliance Industries (RIL), Dr. Reddy's Laboratories, TVS Motor, Dixon, ONGC, Reliance Power and Tata Elxsi.
Smart Rebound! Sensex surges 600 points after 6-day selloff as US Treasury yields subside
From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts.
Macquarie, KKR seek Rs 8,500 crore in loans for their respective roads businesses in India
Macquarie is raising around Rs 6,100 crore of loans to refinance the existing debt of its toll-operate-transfer (TOT) bundle, the first and the most valued such bundle to be sold by the National Highways Authority of India (NHAI) in 2018 for a winning bid of Rs 9,681.5 crore. This was also the biggest TOT bundle in terms of the roads to be monetised by the NHAI, involving 9 toll roads.
Coffee Day Global and IndusInd Bank settle insolvency resolution plea at NCLAT
IndusInd Bank has withdrawn its insolvency resolution application against Coffee Day Global after assigning its loans to asset reconstruction company ASREC (India). The withdrawal was allowed by the National Company Law Appellate Tribunal (NCLAT) in Chennai. Coffee Day Global owns 495 Café Coffee Day outlets and has a debt of Rs 960 crore ($130 million) as of March 2022. This development comes as Coffee Day Enterprises is facing its own insolvency resolution application.
FII action, Jio Financial listing among top 10 factors to dictate D-Street mood this week
"Macroeconomic indicators, trends in global stock markets, and Foreign Institutional Investors' (FIIs) activities will be pivotal in shaping market trends in the coming days," said " Pravesh Gour, Senior Technical Analyst, Swastika Investmart, while highlighting the movement of rupee against the dollar along with the listing of Jio Financial Services on Monday, August 21.
Karnataka election result: Did anything change for stock market investors after BJP's loss?
Despite BJP's loss in the Karnataka Assembly election, Nifty crossed 18,400 and Nifty Bank reached near an all-time high. Experts suggest that the result would not affect the 2024 Lok Sabha elections. The analysis of seven state elections of 2018/19 reveals that national parties gain substantial vote share in national elections versus state elections. Analysts expect the government to turn populist over the next 12 months, and consumer staples are expected to benefit from this shift. They advise a long-term overweight call on industry and banks.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
A long negative candle formed on the daily chart with a lower shadow. Technically, this pattern indicates the formation of a bearish engulfing pattern at the new swing high of 17863 levels. This could be considered a short-term reversal for the market on the down side.
Government clears 26th tranche of electoral bonds; sale from Monday
State Bank of India (SBI), in the 26th phase of sale, has been authorised to issue and encash electoral bonds through 29 authorised branches from April 3-12, the finance ministry said in a statement.
SC to hear if pleas challenging electoral bond scheme can be referred to constitution bench
The Supreme Court agreed to take up the petitions challenging the electoral bonds scheme on April 11 to examine whether the matter should be heard by a constitution bench. In October last year, the Centre had told the Supreme Court that the electoral bonds scheme is an absolutely transparent mode of political funding.
38 stocks turn multibaggers since last Holi; at least 32 double investor wealth
Shares of Mazagon Dock Shipbuilders, a public sector defence company, have surged about 187% since the last Holi. Other notable names, where investors have enjoyed bumper returns include, Ujjivan Financial Services (145%), Varun Beverages (115%), Kirloskar Ferrous Industries (101%), among others.
IDBI bank manager held for swindling money from customers' accounts
According to police, 34-year-old Sajila, a relationship manager attached to IDBI bank, Mission Road branch in Bengaluru is the arrested person. The police have recovered Rs 23 lakh worth LIC bond and the computer used to commit the crime. The accused has been taken into police custody for further investigation.
Gold rate today: Yellow metal edges higher; silver marches towards Rs 68,000
Gold prices edged up as the US services PMI slumped to 44.4 in December 2022, well below market expectations of 46.8. The latest data signalled the fastest pace of contraction in the service sector for four months, said ICICI Direct Research.
Karnataka Bank raises Rs 300 cr through bonds
To comply with Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes.
Karnataka Bank board approves plan to raise Rs 300 cr via bonds
The lender said it will issue Basel III compliant unsecured tier-2 subordinated bonds in the nature of debentures with a base issue size of Rs 150 crore and a greenshoe option to retain oversubscription up to Rs 150 crore, aggregating up to Rs 300 crore in one or more tranches.
Load More
