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Friday, May 10, 2024
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Economy

India’s maiden $10 billion foreign bond debt sale deal is fraught with confusion

A news report claims the PMO is opposed to selling debt in foreign currencies, a day after a top finance ministry official overseeing the sale was transferred.

Ex-RBI governor Bimal Jalan backs India’s first foreign sovereign bond sale

Former RBI governor Bimal Jalan said the country's fundamentals supported the case of fund raising through such sale of such bonds.

Shunted to power ministry, finance secretary Subhash Garg opts for voluntary retirement

Subhash Chandra Garg, moved to power ministry Wednesday, was behind the budget announcement to raise funds from sovereign bond issuance overseas.

India’s plan to raise $10 billion comes at a time when world is desperate for yield

The deal will give global funds more access to Indian sovereign bonds, and may also let the country’s other issuers adjust debt sale prices.

India plans to raise $10 billion from global bond sale in October

Finance Minister Nirmala Sitharaman announced the offshore bond sale plan in the annual budget, at a time when options to raise funds to boost infrastructure spending are shrinking.

Global toymaker Hasbro to move production from China to India & Vietnam

Hasbro plans to expand production outside of China in favour of new plants in India and Vietnam.

India running out of time to cash in demographic dividend

India is home to more young people than any other country, but high unemployment and talent shortage means it risks losing out on getting rich before it gets old.

IndusInd Bank bets on acquisition of India’s top micro financier to add to 1,500% growth

IndusInd’s purchase of Bharat Financial Inclusion will help it to ‘move the needle’ on profitability parameters, CEO Romesh Sobti says.

Reliance bid to sell its stake in Saudi oil company Aramco faces hiccups in deal structure

Aramco is concerned about Reliance’s proposal to shift some debt of the wider group to its refinery business ahead of the transaction.

Restrictions on home loans likely to worsen liquidity crunch in real estate sector

The National Housing Bank, India's housing regulator, has restricted certain mortgage-payment plans that developers typically use to push sales.

On Camera

If the Congress were truly a democratic party, Sam Pitroda would be a nobody

It is obscene that a man so detached from India should occupy such a powerful position in a party that governed India for most of its republican history.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.