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The power generation firm is likely to garner the funds through the issuance of 10-year bonds with a five-year put-call option, sources said.

According to the term sheet issued by BofA Sec, Timken Singapore has fixed the floor price at 3,000 a share, a 14% discount to Monday’s closing price.

The merger of HDFC Bank and HDFC Ltd will have an impact on the deposit holders of HDFC Ltd. The bank is likely to offer deposit holders of the mortgage company the option to either withdraw their funds or renew deposits at the interest rate being offered at that time. Interest rates are unlikely to change until maturity but those opting for renewal of fixed deposits would likely get marginally lower interest rates compared to what they got at HDFC.

Besides the two leaders cited above, PI Industries, Aarti In.dustries, Sumitomo Chemicals, and Coromandel International are some of the preferred picks of analysts in the space. The monsoon onset has been delayed due to Cyclone Biporjoy, resulting in deficient rainfall in June. According to the IMD, the Northwest and some parts of central India will likely receive deficit rainfall, while the Southern peninsula and North-east India are better off.

The strategic initiative between NSE IX and SGX enables Gift Nifty orders from SGX members to be routed to NSE IFSC for trading and execution with clearing and settlement through SGX Derivatives Clearing.

Since April 1, state governments have raised ₹1.4 lakh crore through the sale of bonds as against ₹84,240 crore in the same period in the previous financial year, the RBI data showed. On a gross basis, sales of state government bonds were anyway set to outstrip the previous year issuance due to larger redemptions lined up this year

Indiamart Intermesh and Gulshan Polyols are set to trade ex-bonus this week. Indiamart has announced a bonus of shares to investors which will be credited to shareholders whose names appear on its register of members maintained by the company’s registrar. Gulshan Polyols has also declared a bonus issue of shares to investors. With both companies set to release bonus shares, it will help in increasing liquidity of the stock and gradually decrease the stock price.

The IPO opens on June 20 and closes on June 23. The share allotment is likely to be finalised on June 29 and the listing of shares will be on July 4.

The US dollar inched higher while the UK pound was near a 14-month peak as investors analysed decisions made by central banks globally to combat high inflation. While the European Central Bank signalled it may raise rates again, the US Federal Reserve did not which caused the Dollar Index to slide to its largest weekly fall since January, remaining close to a one-month low of 102.00, its biggest fall since January. Bank of England decisions, expected this week, are crucial as the bank attempts to tackle inflation running at over four times its target.

Abrdn Investment Management, formerly known as Standard Life, plans to sell its entire 10.2% stake in HDFC Asset Management Company in an open market transaction. The sale of 2.18 crore shares will be priced between Rs 1,800 and Rs 1,892.45 per unit, with an expected value of Rs 3,920 crore.