Tenor Financial News

Vishal Goenka, Co-Founder of IndiaBonds.com believes that the Fed will be in a long pause mode now and the long-end interest rates will be in a 4.50-5 per cent range. In an interview with Mint, Goenka said with the advent of regulated Online Bond Platform Providers (OBPPs), investors now have a wide choice of fixed-income investments. Edited excerpts: The recent surge in US yields was market acceptance of the fact that inflation is here to stay and interest rates will remain higher for longer.

India’s Jio Financial Services is in early talks with merchant bankers for its maiden bond issue, four bankers told Reuters on Monday.The company may look to raise 50 billion rupees ($600.6 million) to 100 billion rupees through the issue and may tap the market in the last quarter of this financial year, the bankers added.Jio Financial, which was carved out of Reliance Industries, is in the process of getting its credit rating and other necessary approvals, they said.

Jio Financial Services (JFS), which was recently carved out from Reliance Industries Ltd (RIL), is considering its maiden bond issue with a plan to raise up to ₹10,000 crore, a report said on November 20. The financial services arm of RIL is in talks with merchant bankers, and is planning to launch the issue in the January-March quarter of fiscal year 2023-24, the Reuters report said, citing four bankers who are privy to the development. The company may target raising ₹5,000 crore to ₹10,000 crore through the bond issue, the bankers reportedly added.

'perpetual bonds' — complex securities that have sparked debates and court battles but without which many high-street banks would find it tough to raise capital in the coming years. Financial market authorities are examining a possible change in the way the securities are valued to stoke investor interest in the quasi-equity papers, better known as 'additional tier-1', or AT1 bonds, three persons familiar with the discussions told ET. The government, financial market regulators, banks (which issue such bonds), and asset managers (which invest in them) have discussed the matter in the weeks before the Diwali holiday. Banks and mutual funds chiefs have had meetings with the Securities & Exchange Board of India (Sebi) which formulates the valuation rules.

The savage sell-off that hit Treasuries in prior months was driven by concerns a buyers’ strike had hit the $26 trillion bond market. It’s now confirmed: at least one set of investors headed for the exits back in September.

J&K Bank is offering an interest rate of 3.5% on deposits maturing in seven days to 45 days, 4.6% on 46 days to 90 days, and 4.75% on FDs maturing in 91 days to 180 days. On term deposits with tenors 181 days to 221 days, 222 days*, and 223 days to less than 270 days, the bank gives 5.6%, 6.3%, and 5.6% interest rates respectively. On deposits maturing in one year to less than two years, Jammu and Kashmir offers an interest rate of 7.1%.

Federal Reserve will start cutting interest rates by mid-2024, sending Treasury yields plunging. A Bloomberg gauge of the dollar tumbled as much as 1.3 percent on Tuesday, the largest such drop since November 2022. It stayed close to the previous day’s close on Wednesday, helping propel the won and ringgit to the top of Asia’s currency rankings.

‘You’re just scum" is probably as fitting an apothegm for our current state of political discourse as “It’s morning again in America" was almost 40 years ago. Nikki Haley’s expression of exasperation with her sedulously repellent rival Vivek Ramaswamy at last week’s presidential debate captured well the low, dispiriting quality of post-Reagan American politics. Scum was her spontaneous description of Mr.

Adani Capital last week raised 100 crore through the issuance of non-convertible debentures with a coupon rate of 9.65% and a three-year tenor set to mature on November 6, 2026. These debentures, with a face value of 1 lakh each, will offer a quarterly interest payment schedule, with the bond offering categorised as secured, rated, listed, fully paid up, redeemable, and transferable non-convertible debentures. The bond issuance went through bidding on November 3, at the BSE with the pay-in date set for November 6.

mutual funds. There are over a dozen mutual funds that fall in the category of debt funds, out of which nearly half have a long duration tenor. Here we give a lowdown on dynamic mutual funds, which -- as the name suggests -- are schemes mandated to invest across tenors.

NRI to invest their foreign income is a Rupee deposit dubbed as NRE Fixed Deposits. In such deposits, overseas income is fully repatriable, and you can borrow up to 90% of your deposit at competitive interest rates. You can also earn substantial tax-free income with this type of account. While the minimum tenor starts from 1 year in most banks. Here is a quick comparison of NRE fixed deposits 2023 of banks such as SBI, HDFC Bank, ICICI Bank, Canara Bank and PNB. Over 9% FD interest rates for senior citizens:Check these 7 banks

Reliance Industries: Reliance Industries is mulling over raising ₹15,000 crore via the sale of a local-currency bond, reported CNBC-TV 18 citing Bloomberg. The company shares closed 0.35% higher at ₹2296.65 per share on BSE on Wednesday. The giant conglomerate had raised $4 billion in U.S.

State Bank of India on 1 November announced to have raised ₹10,000 crore at a coupon rate of 7.81 percent through its first Basel III compliant Tier 2 Bond for the current financial year – FY 2023-34. The SBI informed that the bonds are issued for a tenor of 15 years, with the first call option after 10 years. Providing more information, the bank said that its first Basel III compliant Tier 2 Bond attracted an overwhelming response from the investors with bids of ₹15,907 crore and was oversubscribed almost 4 times against the base issue size of ₹4,000 crore with 98 bids.

Legal respite: China Evergrande's court hearing deferred to Dec 4; judge gives last chance for resolution plan The property developer's dollar bonds last traded at about 2.25 cents on the dollar on Tuesday, according to LSEG data, as bondholders weigh the possible recoveries in the revised restructuring plan against other options like a winding up. A lawyer representing an ad hoc group of key bondholders told a Hong Kong court on Monday the restructuring plan could have a higher recovery rate for creditors than a liquidation scenario of less than 3%.

Shweta Rajani, Senior Vice President — Mutual Fund Advisory, Anand Rathi Wealth, says “valuation-wise, given the recent correction, largecaps are fairly priced, smallcaps have gone into an attractive zone. Midcaps are fair value to the expensive zone range. In such a scenario of 50% in large and 20% to mid, having 30% in smallcap in the portfolio would be a good market cap mix. One can look at realigning your portfolios to this market cap.” Looking at the fresh levels of the market, a lot of investors must be thinking whether their regular investments should be continued or not. A lot of investors, especially matured ones would be waiting for this kind of a fall or volatility to enhance their investments. amounts also. But let us talk about the fear part. What, according to you, are normal questions that investors might think of looking at the market condition right now? Markets in the last few days have been pretty much volatile. Just to give you certain numbers, from March till now, Nifty50 had run up by more than 20% and in the last few days, we have seen a correction of around 6%. Clearly, the question that comes to anybody’s mind is looking at the geopolitical situation, the Israel-Gaza war, what could happen to that and therefore the impact on Indian markets.

killing eight people and wounding 13 others in two separate shootings in Maine, was likely experiencing a mental health crisis and did not expect to be found alive following his rampage.In a press conference Saturday, Maine Department of Public Safety Commissioner Mike Sauschuck said there were still questions around the motive of Card’s Lewiston shootings.“Clearly, there’s a mental health component to this,” Sauschuck said.“There’s a piece of that where there’s paranoia, there is some conspiracy theorists piece that, I think that what I’ve read and what I’ve seen is that the individual felt like people were talking about him.”The discovery of Card’s body Friday brought an end to an extensive manhunt just over 48 hours after it began.

₹10,000 and in multiples of ₹1,000 thereafter. The face issue price per NCD is ₹1,000. The issue’s base size is ₹150 crore with option to retain over subscription up to ₹150 crore.

Ritesh Srivastava, Founder & CEO, FREED, says “I would advise consumers that it does not give you points to own four or five credit cards. The key is to identify your needs. What is it that you will have the ability to pay in full at the end of the month? Just own those many credit cards and keep one for rainy day expenses but as long as you are financially disciplined. Credit can be a great asset for an individual, but if not handled wisely, can soon turn into a big debt trap.” How many credit cards do you own? I own about four credit cards but I use two credit cards very frequently.So, I may own four, but I only use two credit cards when it comes to running any charges on it.

Non-callable Fixed Deposit Rule Change 2023: The Reserve Bank of India has decided to increase the minimum amount for offering non-callable term deposits from Rs 15 lakh to Rs 1 crore. What this means is that all fixed deposits of up to Rs 1 crore shall have a premature withdrawal facility.

RBI) has increased the minimum amount for offering non-callable term deposits to Rs 1 crore from the existing Rs 15 lakh for banks. So, all customers will get an option to prematurely withdraw money from fixed deposits (FDs) below Rs 1 crore.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here 7 - 14 days 2.75% 15 - 30 days 3% 31 - 45 days 3.25% 46 - 90 days 3.50% 91 - 120 days 4% 121 - 179 days 4.25% 180 days 7% 181 days to 269 days 6% 270 days 6% 271 days to 363 days 6% 364 days 6.50% 365 days to 389 days 7.10% 390 days (12 months 25 days) 7.15% 391 days - Less than 23 months 7.20% 23 months 7.25% 23 months 1 day- less than 2 years 7.25% 2 years- less than 3 years 7.10% 3 years and above but less than 4 years 6.50% 4 years and above but less than 5 years 6.25% 5 years and above up to and inclusive of 10 years 6.20% Senior citizens continue to get 50 basis points higher interest rates than the general public.