One man's poison can be another man's elixir.As the coronavirus scare spreads, bond yields are plummeting in the western markets, bringing down funding costs, prompting the Indian firms to mop up cheaper debt.With US 10-year treasury notes at 1.62% now, from nearly 3.25% in November 2018, the yields have turned hugely attractive.Huge mop-upThis month Bharti Airtel’s subsidiary Network i2i has raised $250 million at 5.65% from overseas markets, India Infoline Finance raised $400 million in three-year bonds at 5.87%, Adani Electricity Mumbai raised $1 billion through 10-year bonds at 3.95% while IRFC issued a 30-year dollar bond at 3.95% and got 3. 25% rate for its 10-year bond.On the back of such big-ticket offerings, the Indian companies have raised a record $7.15 billion debt overseas so far in this calendar year.The appetite for the Indian paper is also due to the paucity of Chinese debt issuances on account of coronavirus at a time of huge global liquidity.More to comeAnd more … [Read more...] about India Inc goes debt-hopping overseas as coronavirus cuts interest costs
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Don't Miss Finance 5 Best Multi-Cap Mutual Funds In India in 2020 Technology Facebook Dark Mode Available For Select Users: Everything You Need To Know Movies Bigg Boss 13: Mahira Sharma Doesn’t Want To See Shehnaz Gill’s Face After The Show Lifestyle Lakme Fashion Week Summer Resort 2020: Vicky Kaushal Looks Dapper In An All-White Attire On The Ramp Sports Chennai Super Kings: IPl 2020 full league schedule, squad, venue, timing Automobiles 2020 Maruti Suzuki Vitara Brezza Facelift — All You Need To Know Travel 10 Best Places To Visit In South India During Maha Shivaratri! Education CBSE Exam Centre Locator App: Why Class 10 & 12 Students Should Download? … [Read more...] about No Time To Die! James Bond publicity tour of China scrapped amid coronavirus outbreak
A worrying threat for natural areas -- be they be forests, mountains, streams or deserts -- is emerging from unthinking support, promotion and economic subsidies that are driving the proliferation of green energy projects such as wind power, solar power and micro and mini-hydropower schemes that are invading some of the best and remotest natural habitats. … [Read more...] about Why India should be worried even though tiger numbers are up
Yesterday, an inadvertent but delicious facet of the country’s chattering classes was revealed, when one of Delhi’s formidable cultural czarinas, at whose drawing room the intelligentsia had spent its finest moments, created a WhatsApp group to invite her friends to an upcoming polo event to be held in Delhi later this month. Given that the circle cut across many lines, the group saw a delightful mix of (rival or competing) media mavens, publishers, designers and politicians; it included restaurateur AD Singh, designer Ritu Kumar, politico Renuka Chowdhury, filmmaker Shekhar Kapur and TV anchor Karan Thapar, among others. “You’ve started quite a group, here,” Kapur, an old college mate of the CC had teased (his mischievous but politically incorrect opening volley of ‘Polio Group?’ had been wisely ignored by the group’s creator and everyone else). Neither had Thapar, a relative of the CC, allowed family ties to pull his punches. … [Read more...] about Malavika’s Mumbaistan: Bonding with the best?
Don't Miss Finance 3 Stocks That Brokerages Suggest To Invest In For 1-Year Term Sports Legendary Tendulkar receives best Laureus sporting moment Technology Realme X50 Pro 5G Confirmed To Launch On Feb 24th As India’s First 5G Smartphone Movies Ishaan Khatter Shocked Everyone On Khaali Peeli Set By Doing His Own Stunts, Without Harness Lifestyle List Of Diseases Caused By Smoking Travel Maha Shivratri 2020: Ancient Shiva Temples In India Automobiles 2020 Maruti Suzuki Vitara Brezza Facelift — All You Need To Know Education CBSE Exam Centre Locator App: Why Class 10 & 12 Students Should Download? … [Read more...] about Coronavirus: Paracetamol price rises by 40% in India due to shut down in China