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The sentiment by international corporations is higher today for India than other Asian economic markets and foreign direct investment is seen as an important propeller in conjunction with state and private local capital.

About 18 months ago, Kedaara had shelved a similar plan following allegations by Spandana founder Padmaja Gangireddy that it was selling off the company to Axis Bank at a "throw-away price".

“In recent times, especially since the outbreak of the Covid-19 pandemic, central banks — who are at the core of monetary and financial systems — have been called to do “heavy lifting” well beyond their traditional mandate,” Das said on Tuesday at the opening plenary address of the Summer Meetings organised by Central Banking.

Policymakers also adjusted the language in their post-meeting statement, referring to how they would determine "the extent of additional policy firming that may be appropriate," rather than "the extent to which additional policy firming may be appropriate."

According to the deal term sheet, Bain Capital will sell 22.5 million shares, and this will result in the private equity firm making ₹2,163 core- ₹2,188 crore ($264 million to $267 million).

An analysis of quarterly foreign shareholding trends in the six Adani Group companies---Adani Enterprises, Adani Total Gas, Adani Transmission, Adani Green, Adani Ports, and Adani Power shows a rise in the numbers of FPIs from the September quarter of 2020.

Dotted around Bengaluru, formerly known as Bangalore, are the offices of luxury retailer Saks Fifth Avenue Inc., aircraft-engine maker Rolls-Royce Holdings Plc, US bank Wells Fargo & Co. and Japanese e-commerce firm Rakuten Group Inc.

India witnessed the El Nino effect in 2002, 2004, 2006, 2009, 2014, and 2015. The Nifty has fallen on two out of the six occasions over a three-month period and once over a six-month period. The average three and six-month Nifty returns post-August in these six years are 5.29% and 12.1%, respectively, while the one-year forward returns have been 22.82%, show data from Samco Securities.

Akasa Air wants to use the fund to make pre-delivery payments for its order of 72 Boeing 737 Max jets, for which 19 have already been delivered. The airline has reached a $650m valuation and may include existing investor, US-based hedge fund PAR Capital Management. The stake of the Jhunjhunwala family, which holds a 46% share in the airline through a trust, could be diluted due to the fundraising.

Global private equity firm Bain Capital is likely to sell a stake worth $267 million in Axis Bank through block deals on Thursday, according to reports.