SELJA TRUSTS BOND WITH PEOPLE
RBI to send strict 'zero tolerance' message to banks' bosses
RBI met CFOs and auditors to enforce zero tolerance for compliance lapses. Deputy governors stressed accurate balance sheets, aggressive lending risks, and ever-greening of loans. Recent CEO talks included credit-deposit growth gaps. Governor Das emphasized risk awareness. Digital banking restrictions on Kotak Bank, IIFL Finance, and others were due to regulatory lapses.
It's taxing times for electoral bond buyers after Supreme Court's Feb verdict
More than 1,000 entities who purchased electoral bonds for political donations may now face inquiries from tax authorities regarding the deductions claimed on these contributions, following the Supreme Court's decision to invalidate the scheme in February. The Supreme Court, in its ruling on February 15, declared the electoral bond scheme unconstitutional. Since its introduction in January 2018, the scheme had amassed Rs 16,518 crore in donations for political parties.
Jobs, inflation data may break the US Treasury market out of narrow range
Bond market trends are closely tied to Powell's testimony, economic indicators, and Treasury yield movements. Factors like the recent Australia inflation rebound, central bank actions, and insights from Macquarie Group are key considerations for investors navigating market uncertainties.
Rajasthan, Odisha, Andhra Pradesh: Arun Singh built bonds, narratives for BJP
On March 21, BJP appointed party general secretary Arun Singh as the election in-charge of Andhra Pradesh. UP BJP leader Siddharth Nath Singh was made the co in-charge for the state. There was less than two months' time available for the duo to execute the alliance coordination and make it appear like a natural alliance between the BJP, TDP and Jana Sena.
Game's Bond, Electoral Bond: Two reforms that India's new government should undertake
All political funding should be routed transparently through electronic means, via UPI, IMPS, Neft or RTGS. Let parties crowdfund themselves. In a democracy, money should move from the people to their parties, not from politicians to voters.
Wall Street's faster trade settlement sees some temporary bumps
The transition to faster trade settlements in the U.S. faced bumps despite a mainly smooth switch to T+1 settlement cycle from T+2, mandated by the SEC. Market participants anticipated increased trade failures and hiccups in the securities market.
Tata Sons shares are not freely transferable, say Trusts
SP Group, promoted by the Mistry family, has pledged its entire 18.5% in Tata Sons held through two entities to secure monies from private credit funds such as Ares and Farallon. Additionally, it needs to raise funds for a separate repayment due in three months and refinance existing high-cost borrowings.
In Haryana's Sirsa, Selja trusts bond with people, while Tanwar banks on Modi card
In this constituency, spread over the districts of Sirsa and Fatehabad with Punjab on two sides, the BJP has fielded Ashok Tanwar, against Congress' Kumari Selja. Both Tanwar and Selja were believed to be in the same camp of the Haryana Congress with Bhupinder Hooda heading the other side.
Rs 1,800 crore a day! Why FIIs are selling Indian stocks since Lok Sabha elections began
FIIs have sold Indian stocks worth Rs 37,700 cr since the Lok Sabha elections began on April 19, causing nervousness on Dalal Street. India VIX has increased by 67%. In contrast, DIIs have spent Rs 60,000 cr, holding strong amidst market volatility.
Sitharaman bonds with southern students over lunch at Andhra Bhavan, talks politics before key polls
Speaking to around 20-odd students from the two Telugu-speaking states as well as Tamil Nadu, Kerala and Karnataka, Sitharaman discussed issues ranging from education and politics to the economic situation, in what appeared to be an attempt at outreach ahead of the May 13 elections in Telangana and Andhra Pradesh, where the BJP aims to expand its base.
PFC seeks legal view on Shapoorji Pallonji promoters' Rs 15,000 crore loan ask
State-owned Power Finance Corp (PFC) is seeking legal counsel regarding the approval of a ₹15,000 crore loan to the promoters of the Shapoorji Pallonji (SP) Group, leveraging their 18.37% shareholding in Tata Sons as collateral. Earlier this year, the Mistry family, who are the promoters, proposed obtaining funds from the lender based on cash flows from their real estate business and their Tata Sons shares.
Gilty, My Lord! Pension funds bond more with govt debt
NPS drives record investment in government bonds to 4.4%, totaling ₹4.67 lakh crore. Shift towards debt, influenced by market performance, particularly in fixed-income, reflects security-focused investment decisions amidst changing yield dynamics and retirement strategies.
Indian mkts commanding high valuations on foreign investors' optimism, trust in India growth story: Buch
Sebi chairperson Madhabi Puri Buch on Tuesday said the Indian capital markets are commanding higher valuations because of foreign investors' optimism and trust in the country.
Tatas keeping a close eye on pledged shares as Shapoorji Pallonji goes on Rs 20,000-cr fundraise
"Indian lenders and their credit committees would need to evaluate whether their inability to transfer or sell the security in a default situation represents an acceptable risk," said one of the persons.
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 trusts since 2014 have also weighed in favour of BJP
The examination of corporate donations to political parties via electoral bonds reveals significant contributions to the ruling BJP through trusts like Prudent. Major donors include Serum Institute of India, Greenko energy, Essel Mining, Vedanta, Airtel Bharti, Torrent, Tatas, and Reliance.
India's inclusion in global bond indices to up foreign investor interest in corp debt as well: Buch
The inclusion of the India in the global bond indices is also expected to increase the interest of investors in corporate paper, Sebi Chairperson Madhabi Puri Buch said here on Wednesday.
Desperate Modi govt trying to use SBI to bulldoze SC judgment on electoral bonds scheme: Congress
The Congress party has accused the Modi government of using the State Bank of India (SBI) to hide its "dubious dealings" by seeking more time to disclose details of electoral bonds. The SBI has requested an extension until June 30 to provide the information, which the Supreme Court had previously ordered to be disclosed by March 6. The Congress party maintains that the electoral bonds scheme is "opaque, undemocratic, and destroyed the level playing field."
Trust investment-led investors put ₹975 cr in GI hydro bonds
GI Hydro, which operates 110 mw hydro power projects in Sikkim, will use the proceeds to repay existing lenders, including REC Ltd and Edelweiss Asset Reconstruction Company, among others, the people said. The company had defaulted on loans in 2016 to the existing lenders and has proposed to repay their entire dues.
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