State Bank of India Sponsored GDR RegS (NSE:SBIN) drew 89 institutional bids as SBI accepted Rs 4,691 crore of Basel III AT1 perpetual bonds at a 7.75% coupon, while traders eyed RBI’s likely steady rates and flagged FY26 fee impacts after SBI collected Rs 477.27 crore in current‑account penalties…
New Delhi, July 29 -- State Bank of India (SBI) has raised Rs.4,691 crore through its first Basel III-compliant Additional Tier 1 (AT1) bond issuance of the current financial year, following strong demand from institutional investors.The country's largest lender accepted bids above the base issue s…
New Delhi, July 29 -- The US-Iran conflict, coupled with the Russia-Ukraine war, has disrupted global peace and supply chains and raised oil and gas prices. This has resulted in serious underperformance in the Indian equity markets.Against this backdrop, fixed deposits (FDs) continue to remain a pr…
State Bank of India Sponsored GDR RegS (NSE:SBIN) saw heavy anchor demand with 46.4M GDRs allocated to sovereign and institutional buyers — including Singapore, MAS, ADIA, Norway SWF, BlackRock, LIC and Capital Group — as Sunil R. Agrawal was named CFO (designate) effective Aug 1, 2026.Previous Wee…
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By Jayshree P Upadhyay and Vivek Kumar MSBI Funds Management, India's largest asset manager, will draw investments from Abu Dhabi Investment Authority (ADIA) and Singapore's GIC as part of its $1.2 billion initial public offering, two sources with direct knowledge of the matter said.SBI Funds Manag…
Domestic equity benchmarks rebounded on Wednesday, snapping a two-day losing streak as buying in heavyweight financials, Reliance Industries and automobile stocks helped offset continued weakness in the information technology pack.The Sensex advanced 444 points to close at 76,923, while the Nifty 5…
By Bharath Rajeswaran and Vivek Kumar MIndian shares advanced on Wednesday as gains in financials, auto and consumer goods outweighed losses in information technology companies, while lower oil prices further lifted sentiment.The benchmarks Nifty 50 NSE:NIFTY rose 0.59% to 24,005.85 and the BSE Sen…
By Nishit NavinIndian fintech firm Cashfree Payments plans to deepen its cross-border business with offerings such as overseas investment and travel payments as it seeks to tap rising demand for international transactions, CEO Akash Sinha said on Monday.Cashfree, backed by State Bank of India NSE:S…
By Shritama BoseThe world's top venue for trading in equity options by volume is treading carefully with its own listing plans. India's National Stock Exchange may seek a $52 billion market capitalisation in its Mumbai initial public offering. After a decade of delays to its debut, accepting a valu…
By Shritama BoseThe world's top venue for trading in equity options by volume is treading carefully with its own listing plans. India's National Stock Exchange may seek a $52 billion market capitalisation in its Mumbai initial public offering. After a decade of delays to its debut, accepting a valu…
Dubai, United Arab Emirates: India is looking to attract greater participation from overseas Indians in its growth story as Non-Resident Indian (NRI) deposits reach approximately $166 billion, including $33.7 billion in Foreign Currency Non-Resident (FCNR) deposits, industry leaders revealed durin…
