Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer s permission we will charge your card/ payment instrument each month automatically and renew your subscription.
In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
According to analysis of the corporate bond yields, bank s MCLRs and GSecs between January 2020 and March 2021 by Care Ratings, AAA-rated companies could sell their debt at a cheaper rate than bank loans to the extent of 46 bps, and AA+ papers by 33 bps over the MCLR or the marginal cost of funds-based lending rate and below which a bank cannot lend. When compared to the Gsecs, AAA and AA+ papers could command only 100 bps over the benchmark gilts.
Synopsis
The format is quite similar to the Jio Platforms structure wherein the proceeds from stake sales were used to deleverage the consolidated balance sheet.
Agencies Reliance is seeking to achieve a net carbon-zero status for its operations by 2035.
Reliance Industries’ move to carve out a separate unit for its oil to chemicals (O2C) empire could help draw strategic and financial investors to a future alternative-energy revenue stream, with India’s most valuable company seeking to replicate its monetisation playbook for consumer sectors to unlock value in the legacy businesses.
The proposed financial details of the carve-out are as follows.
The minimum rate of interest, which a central bank charges (in India s case - Reserve Bank of India), while lending loans to domestic banks is called Bank Rate . When a bank suffers fund deficiency, it can borrow money from RBI to continue services. When Bank Rate is increased by the central bank, a commercial bank’s borrowing costs hikes, which reduce the supply of money in the market. As RBI controls the money supply in the economy as well as in the banking sector, deciding the bank rate is usually done quarterly to control inflation and India s exchange rates as part of Monetary Policy action. There is no predetermined schedule per se. As of January 2021, the Bank Rate decided by the RBI is at 4.65 per cent.