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According to industry captains, the new facility would help them to get about 1-1.5% positive carry on the borrowed fund, even after investing the same amount into government securities as mandated by the central bank.
IDBI Bank plans to raise Rs 6,000 cr via share placementIDBI Bank is initially planning to raise equity of about Rs 6,000 crore through a placement of shares with institutional investors, investment banking sources aware of the plans told ET.
from Stocks-Markets-Economic Times ht… Read MoreTata Sons FY20 profit doubles with TCS helpThe holding company of the Tata Group has so far written off Rs 60,000 crore of its investments in the loss-making telecom business. Revenue from operations, which mainly comprise dividend income and brand royalty fees, rocke… Read MoreTraders carry bullish bets to Sept, expect Nifty to top 11,750Indian stock indices have gained more than 50 per cent from their calendar-year lows hit on March 24 thanks to the liquidity coming to emerging markets and outperformance by select heavyweight stocks, even as the number of co… Read MoreFuture Enterprises board meets tomorrow to seal RIL dealThe acquisition could give Reliance Retail sway over a network of nearly 1,800 stores and bring in Rs 26,000 crore in additional sales that will help RIL control more than a third of India’s organised retail market.
from Sto… Read MoreStocks in the news: Edelweiss Financial Services, GMR Infra, ZEEL, NMDC, IOC and M&MGMR Infrastructure's consolidated net loss for the quarter ended June 30 more than doubled to nearly Rs 834 crore.
from Stocks-Markets-Economic Times https://ift.tt/3hC6eCU
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