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Record defaults cloud India's resilient equities, bonds indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Record Defaults Are Clouding India's Resilient Equities, Bonds yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
India Inc. Borrowing Costs Surge Most Since 2013 Menacing Growth Mar 03 2021, 9:35 AM March 02 2021, 11:34 AM March 03 2021, 9:35 AM (Bloomberg) Borrowing costs for Indian companies spiked by the most in more than seven years last month, in a blow to firms struggling to recover from the pandemic. (Bloomberg) Borrowing costs for Indian companies spiked by the most in more than seven years last month, in a blow to firms struggling to recover from the pandemic. The average yield on top-rated three-year, five-year and 10-year corporate rupee bonds all climbed by their most since 2013 in February. A confluence of factors including higher global bond yields, and concerns that companies may be crowded out of local debt markets by the governmentâs near-record borrowings plans have pushed up borrowing costs up for Indian companies. ....
Sundaram Mutual completes 25 years in the mutual fund industry SECTIONS Last Updated: Feb 26, 2021, 01:22 PM IST Share Synopsis Sundaram Asset Management Co. Ltd. - the asset manager for the schemes of Sundaram Mutual completes 25 years as a corporate entity today. ET Online Sundaram Asset Management Co. Ltd. - the asset manager for the schemes of Sundaram Mutual completes 25 years as a corporate entity today. Sundaram Mutual, as the brand is popularly known, has been through multiple avatars in its 25 years interspersed with two Joint Ventures – First as Sundaram Newton till 2002 and then as Sundaram BNP Paribas from 2006 till 2010. Sundaram Mutual has built a retail customer base of over 3.5 million customers having invested in its schemes. Today it has a nationwide presence with 88 branches. Along with its subsidiaries, the Assets Under Management of the group exceed Rs 40,000 crore. ....
Sundaram arm buys Principal Updated: Updated: Share Article AAA Sundaram Asset Management Co. Ltd. (SAMC), a 100% subsidiary of Sundaram Finance Ltd., has announced the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. (Principal). Sundaram will acquire the schemes managed by Principal and acquire 100% of the share capital of Principal along with Principal Trustee Co. Pvt. Ltd., and Principal Retirement Advisors Pvt. Ltd. Principal will continue to operate the businesses until the deal is closed, said Sundaram Finance in a regulatory filing. As a significant player in the fund management space, Sundaram has over Rs. 40,000 crore in assets under management. As of December 2020, Principal has assets under management of Rs. 7,447 crore. ....