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Bank of India is likely to tap the debt market next week to raise up to Rs 10,000 crore through infrastructure bonds and Bank of India may follow suit a week later to raise Rs 5,000 crore. Infrastructure bonds help lenders reduce their overall cost of funds amid an ongoing battle for deposits as these debt instruments are exempt from the regulatory requirement of maintaining cash reserve ratio (CRR) and statutory liquidity ratio (SLR). SBI, the country’s largest mass lender, is likely to raise the funds through 15-year infrastructure bonds, people aware of the developments said. The debt sale is likely to take place around July 10-11, they said. The upcoming bond sale comes on the heels of an infrastructure bond issuance by the bank on June 26, through which it had raised Rs 10,000 crore amid strong demand from institutional investors. “They (SBI) are likely to again opt for a 15-year maturity infrastructure bond as they wish to actively develop the longer-term yield curve for these instruments,” one of the persons cited above said. “They would likely be looking for a coupon rate of around 7.35-7.36%, similar to the one that was set at the last issuance.” Bank of India is likely to carry out its infrastructure bond sale around the third week of July, with the state-owned lender likely to opt for securities maturing in 10 years, people aware of the matter said.

Asix months’ grace period was something I learnt to negotiate in assignments as one of the first women working in the infrastructure sector. When I was posted in the ports sub-sector, or in a large infrastructure project, many would question my suitability as a woman officer for a role in a male-dominated field. Inevitably, I would ‘beg’ for six months before a decision was taken to re-post me to an assignment considered more conducive for a woman officer.

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«We see good opportunities in the pharma space, especially pharma generic exporter companies which have not performed well for many years. I think there are opportunities in the less popular sectors where money can be made over the next two to three years,» says Abhay Agarwal, Piper Serica. Which stocks are you probably going to keep in the family for a long, long time? HDFC Bank used to be considered a part of that family jewel. You also had the likes of Titan, etc. But all of these defensives are under pressure right now. Do you think it is time to churn the portfolio? Or if you have a long view, should you just stick with them? What is your view? Abhay Agarwal: Regarding HDFC Bank, and not just HDFC Bank but all private sector banks, this is not a buy or sell recommendation. We have not had HDFC Bank in our portfolio since January last year, once they announced the merger with HDFC Limited. The reason is that for large-cap private sector banks, the peak Net Interest Margin (NIM) is already behind us.

A new study by Empower reveals many Americans on the financial edge, with 37 percent of people surveyed saying they’re unable to cover an unexpected expense exceeding $400.

Agents for the U.S. Transportation Security Administration on Sunday screened 3 million airline passengers in a single day for the first time ever

Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the popular warehouse chain prepares to raise its membership fees for the first time in seven years

Clive* and Juliana are laser-focused on saving for the future. They are living frugally and aggressively paying off their mortgage to make sure they can retire in five years when they both turn 60, at which point they want to enjoy the sacrifices they are making today.

hotels as infrastructure in the upcoming Union Budget. This move aims to boost investment attractiveness and move away from luxury or 'sin goods' categorization. They also seek incentives like tax breaks for eco-friendly practices, emphasizing tourism's potential as a driver of GDP and job creation. «The sector is burdened with high taxation, expensive and multifarious licences, approvals and compliances. Hotels are capital intensive with a long gestation period. Cost of operating hotels is high and largely fixed. This makes investments in hotels risky. There is a need to make hotel investments more attractive with an improved rate of investment and to promote ease of doing business,» Hotel Association of India (HAI) President KB Kachru told news agency PTI. He emphasized that the upcoming Union Budget presents an opportunity to maximize India's hospitality sector contribution towards India Vision 2047 by redefining its policy perspective, shifting away from categorizing hotels as luxury or 'sin' goods.

A lifetime subscription sounds like a great deal. It isn’t always. One-time payments with forever benefits are attractive to consumers looking to escape the sea of endless subscriptions, from streaming services to food delivery.

Redmi 13 5G is priced at Rs. 13,999 for the 6GB RAM and 128GB storage variant, while the 8GB RAM and 128GB storage model costs Rs. 15,499.

Comments suggesting that Iran's reformist presidential candidate could increase government-set gasoline prices have raised fears of a repeat of nationwide protests

ResiClub co-founder and editor-in-chief Lance Lambert discusses the U.S. housing affordability crisis on 'Making Money.'

artificial intelligence (AI) has become the latest buzzword across industries and businesses. Most agree that it is going to revolutionise businesses.

NEW DELHI: Opening a bank account is a cakewalk for most of us. Bank executives happily come to our doorsteps for the paperwork. However, it is not the same for parents of specially abled children.

Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon

OfBusiness posted a 25.7% rise in operating revenue to Rs 19,296.27 crore for the financial year ended March 31, 2024. The company’s consolidated net profit also increased by 30% to Rs 602.97 crore from Rs 463.25 crore a year ago. Total expenses grew to Rs 18,695.75 crore in FY24 from Rs 15,037.46 crore a year ago. A significant amount of the expenditure was attributed to the purchase of stock-in-trade amounting to Rs 13,339.64 crore. The cost of materials consumed increased to Rs 3,595.39 crore from Rs 2,719.67 crore in FY23.

Rent inflation remains a pressure point for small businesses

A Winnipeg family’s Disneyland vacation turned into a 3,000-kilometre trek across the continent after their flight was impacted by the WestJet mechanics strike.

market capitalisation of BSE-listed firms hit a record high of Rs 447.30 lakh crore on Thursday with the benchmark Sensex closing at a fresh all-time high level. The 30-share BSE Sensex scaled an intraday record high of 80,392.64 in early trade. The index pared most of the gains later due to volatility and profit-taking by investors and settled 62.87 points or 0.08 per cent higher at 80,049.67. The market capitalisation (mcap) of BSE-listed firms hit a record peak of Rs 4,47,30,452.99 crore (USD 5.36 trillion).

After a blockbuster six months, the sale of emerging-market bonds in hard currencies is set to slow down sharply in a second-half that’s littered with political risk.