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​​This is a very highly underpenetrated sector with very-very high yields and when the cycle is right, you hardly get any credit cost. So I think from the cycle point of view, we have just started maybe we might not have reached even the middle of the cycle.

Foreign entity WWD Ruby Ltd has offloaded its entire 4.77% stake in Sapphire Foods India Ltd through the open market on Tuesday for Rs 417 crore.

When you are saying that return expectations, again I will come back to the horizon. So, if you think that over the next 12 months perhaps our return expectations need to be hunkered down, maybe you are right.

Debt servicing capacity of manufacturing companies measured by interest coverage ratio (ICR) moderated to 7.3 in 2022-23 from 8.4 in 2021-22 due to a rise in interest expenses. But the metric was significantly higher than the minimum viable value of 1.

Goswami Infratech, a company belonging to Shapoorji Pallonji group, has raised $1.74bn through the issue of zero-coupon bonds at a substantial yield of 18.75% for a period of two years and 10 months. The issue is rated BBB- by Care Ratings and has a put option at the end of December 2025

The Executive Committee of the Central Board (ECCB) of the bank has accorded approval for acquiring the entire 20 per cent stake held by SBI Capital Markets Ltd in SBI Pension Funds Pvt Ltd, it said.SBI Pension Fund is the largest pension fund manager out of 10 managing about Rs 3,59,040.81 crores of assets under management (AUM) with around 37 per cent market share as of May 31, 2023

Any listed REIT or InvIT with less than 25% public unitholding, which has a three-year ultimatum to adhere to, will have to increase its public holding.

HDFC has purchased an additional 0.7% stake in HDFC Life through open market transactions. The deal was executed at an average price of Rs 667. HDFC already owns around 48.65% stake in the subsidiary. Once HDFC twins merger is complete, HDFC Bank will be 100% owned by public shareholders, with HDFC holding only 41% stake in the bank. HDFC shareholders will receive 42 shares of HDFC Bank for every 25 shares they hold.

India’s Internet stocks have surged up to 58% in 2023 so far as compared to China’s tech behemoths, whose share prices are languishing below their January highs

European Central Bank President Christine Lagarde warned earlier in the day that the euro zone faced a lengthy fight against inflation, while U.S. consumer confidence data beat expectations just before two-year gilt yields peaked.The two-year gilt yield rose as high as 5.220%, its highest since July 2008, up 8 bps on the day, while 10-year gilt yields were 5 bps higher at 4.35%