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Zomato slides 7% on fears ONDC may hit profitability

Updated at : 2023-05-10 07:20:02

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Analysts said the disruption by ONDC, where consumers are buying food and grocery at cheaper prices, has hurt investor sentiment in loss-making Zomato.

These bonds were issued in 2019 when APSEZ had raised $650 million through five-year bonds due for maturity in July 2024. After the US-based activist shortseller Hindenburg Research released an adverse report on Adani Group in January, the bonds fell to 86/88 cents on the dollar, and has since recovered to 97 cents, said a bond trader.

In the last four months, at least six members have faced the issue of a freeze on their client bank accounts, according to ANMI. The settlement process of a large mutual fund was also stalled recently after a client filed a complaint against a broker with the Mumbai police.

Suzlon Energy plans to raise Rs 2000 crore via NCDs

Updated at : 2023-05-10 07:20:02

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After five years, Suzlon Energy was able to report a positive profit after tax on an operational basis in Q2FY23. The company has undergone several restructurings with its lenders since FY18 due to the large debt pile-up.

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An expert panel investigating the Adani Group following allegations of financial irregularities has submitted a report to India’s Supreme Court. It is not clear if the six-member committee, set up after claims by US research firm Hindenburg, reviewed all the concerns outlined by the top court in March. The group was asked to assess how to protect consumers better, if regulatory lapses existed, and the broader impact. The Securities and Exchange Board of India has also sought more time to conclude its probe.

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Separately, SBI Cards and Payment Services is likely to conclude sales of five-year bonds worth around ₹800 crore next week. The bonds, rated AAA by CRISIL and ICRA, may bear a rate of interest of 7.85%, sources said.

RattanIndia Power looks to refinance costly debt

Updated at : 2023-05-10 07:20:02

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Kotak Mahindra Bank will provide a ₹1,200 crore term loan at 16-17%, which will be used to repay debt raised from Goldman and Varde at 21%, the same person said.

FPIs rush to India for a stake in expected 6% growth

Updated at : 2023-05-10 07:20:02

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​​The strong inflows more than made up for the $4.1 billion outflow in the first two months of 2023, eking out a $404 million net inflow for the calendar year so far.

​Hanging Man pattern is a one-day candlestick pattern in which there is a small red real body and lower shadow extending from the body and is formed at the top of an uptrend.​

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​ Inverted Hammer pattern is a one-day candlestick pattern in which there is a small red real body and upper shadow extending from the body and is formed at the bottom of a downtrend.​

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