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Adani Enterprises is likely to raise up to $2 billion through a qualified institutional placement (QIP) by the middle of next week, sources aware of the development said. Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month or early in November, to cut down the promoter stake in the company to comply with listing regulations, sources said.

JP Morgan bond index, foreign portfolio investment in fully accessible sovereign bonds has increased by around $7.5 billion, a quantum that is on the higher range of market expectations, and bankers expect a stronger pace going forward. From the official closing figures on June 27 to the numbers on September 30, FPI investment in fully accessible Indian government bonds has risen by ₹62,919 crore, or around $7.5 billion, to ₹2.5 lakh crore. The inclusion of sovereign bonds in a JP Morgan Emerging Market Index commenced from June 28. Bonds under the Fully Accessible Route (FAR) category are the securities that are included on the index.

credit ratio, or the proportion of upgrades to downgrades, indicating an improvement in Indian firms' credit quality. But they warn of some concerns like rise in unsecured lending and household debt, and stress in export oriented sectors.

Subscribe to enjoy similar stories. Kulgam, Kashmir: Zahoor Ahmad Reshi stands by his field, watching over his crop of Mushk Budji—a fragrant, short-grain rice native to Kashmir. Once a regional staple, this prized rice variety has teetered on the edge of extinction for decades, but Reshi is determined to bring it back.

The John D

Warren Buffett's Berkshire Hathaway is buying the rest of its utility unit from the estate of a longtime board member who died three years ago, but it's not clear exactly how much it will pay for the 8% stake

Music mogul Sean “Diddy” Combs has retained Sam Bankman-Fried’s lawyer as he appeals a judge’s decision to deny him bail in his ongoing legal battle, according to Business Insider.

India has made a significant shift from a governor-centric decision-making model to a more collaborative approach via MPC, mirroring global trends since the late 1990s. Based on Urjit Patel committee's recommendation, MPC was formed in 2016. It has three internal members from RBI and three external members from academia. This collegial structure, while intended to foster balanced decision-making, has revealed an interesting dynamic: discord among committee members. As seen, external MPC members often vary from the majority's stand on policy rates, raising questions about the efficacy of this governance model. Studies in policy communications of central banks, however, have often emphasised the need to preserve and nurture an environment conducive to such frictions in a committee-based deliberative decision-making framework.

Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting with the Finance Commission, Sebi whole-time member Ashwani Bhatia said.

Wall, who has held the role of head of investment analysis and research since October 2021, said on a LinkedIn post today (1 October) that she will lead a new team to ensure HL has the «highest quality of investment products» on the platform, with the «best commercial terms».  She will be responsible for recommending products to be added or removed from the platform, understanding client and product requirements, and sourcing best-in-market solutions.  Hargreaves Lansdown sets date for shareholders to approve £5.4bn takeover deal In her new role, she will aim to place HL as a «lead...

Subscribe to enjoy similar stories. Imagine a world where you could regenerate a missing tooth with a single drug, and microrobots clean your teeth every night. That future is getting closer, scientists say.

Australia’s government says a code of conduct will be enforced on the online dating industry to better protect Australian users after research found that three-in-four people suffer some form of sexual violence through the platforms

Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023 derailed a previous plan. Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and is expected to start the process as early as the week starting Oct. 7, said the people aware of the discussions, who asked not to be identified as the information is not public yet.

Uttam Sugar Mills Ltd.(up 5.31%), Balrampur Chini Mills Ltd.(up 4.88%), Dalmia Bharat Sugar and Industries Ltd.(up 4.41%), Avadh Sugar & Energy Ltd.(up 3.10%), Rajshree Sugars & Chemicals Ltd.(up 2.44%), Dwarikesh Sugar Industries Ltd.(up 1.69%), Mawana Sugars Ltd.(up 1.62%), Simbhaoli Sugars Ltd.(up 1.48%), KM Sugar Mills Ltd.(up 1.44%) and Bajaj Hindusthan Sugar Ltd.(up 1.43%) stood among the top gainers.

Shares of Godrej Properties Ltd.(up 2.9 per cent), DLF Ltd.(up 2.08 per cent), Brigade Enterprises Ltd.(up 1.0 per cent) and Sunteck Realty Ltd.(up 0.38 per cent) ended the day as top gainers in the pack.

Shares of Kotak Mahindra Bank Ltd.(up 1.38 per cent), State Bank of India(up 1.15 per cent), Bank of Baroda(up 0.45 per cent), Federal Bank Ltd.(up 0.2 per cent) and ICICI Bank Ltd.(up 0.11 per cent) ended the day as top gainers in the pack.

Ashapura Minechem Ltd.(up 4.29%), Aro Granite Industries Ltd.(up 2.44%), Pokarna Ltd.(up 2.15%), Madhav Marbles & Granites Ltd.(up 1.18%), Sandur Manganese & Iron Ores Ltd.(up 0.60%), The Orissa Minerals Development Company Ltd.(up 0.52%) and Lexus Granito(India)Ltd.(up 0.46%) stood among the top gainers.

On the BSE, Dhyaani Tile & Marblez(down 18.57 per cent), Kamdhenu Ventures(down 9.99 per cent), Arnold Holdings(down 9.99 per cent), Soma Textiles(down 9.98 per cent) and Intellivate Cap(down 9.95 per cent) stood among the top losers in today's trade.

IIFL Home Finance plans to raise up to 30 billion rupees ($358 million) through a public issue of bonds, according to a draft shelf prospectus filed by the company on Tuesday. Trust Investment Advisors and IIFL Securities are the lead managers to the home finance company's issue, which is rated AA by Crisil and India Ratings.

Shares of Granules India Ltd.(up 3.68 per cent), Mankind Pharma Ltd.(up 2.32 per cent), Biocon Ltd.(up 2.08 per cent), Alkem Laboratories Ltd.(up 1.63 per cent) and Laurus Labs Ltd.(up 1.23 per cent) ended the day as top gainers in the pack.

Instead of liquid water, this underground ocean consists of water trapped in the crystalline structure of a blue mineral called ringwoodite. The research team, led by geophysicist Steven Jacobsen, used seismic data from thousands of earthquakes to uncover this hidden reservoir. The defining feature of this underground ocean is its crystallized water form, which is locked within the molecular structure of ringwoodite. This unique form of water storage challenges previous theories about Earth's water reservoirs.