Economic Times
… that the company can raise up to Rs 2900 crore from a combination of foreign currency convertible bonds (FCCB) and warrants to repay the loans. …

Interest rate sensitive …

State Bank of India (SBI) chairman OP Bhatt recently said the bank is looking at tapping the retail bond market next year with a 10-year issue, although the initial issue size may be as small as Rs 50-100 crore. … The partially convertible rupee was at 45.60 per dollar, weaker than 45.43/44 at close on Friday, 12 March 2010. The rupee has witnessed a strong rally in the past few days. A firm rupee negatively impacts operating profit margin of IT firms as the sector …

See double digit inflation in March: Experts

India’s headline inflation topped expectations and came within touching distance of double digits in February, making a rate increase by the Reserve Bank. … The partially convertible rupee was little changed at 45.56/57, while the 30- share BSE index was flat. The 10-year bond yield edged up 1 basis point to 8.02%, matching a 17-month high touched last week. It had closed at 8.01% in the previous session.

Inflation nears 10 pct; rate hike priced in

The headline inflation topped expectations and came within touching distance of double digits in February, making a rate increase by the Reserve Bank of India (RBI) all but inevitable at its scheduled April policy review. Annual wholesale price inflation … The partially convertible rupee was little changed at 45.56/57, while the 30-share BSE index was flat. The 10-year bond yield edged up 1 basis point to 8.02 percent, matching a 17-month high touched last week. …

Breadth weak, RIL , Sensex , Wholesale Price Inflation ,economy …

At 9:40 IST, the partially convertible rupee was at 45.60/61 per dollar, 0.4% percent weaker than 45.43/44 at close on Friday, 12 March 2010. The rupee has witnessed a strong rally in the past few days. … India’s largest bank by net profit and branch network State Bank of India (SBI) fell 0.89%. State Bank of India (SBI) chairman OP Bhatt recently said the bank is looking at tapping the retail bond market next year with a 10-year issue, although the initial issue size …

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Nomura said Thursday it had also boosted its US convertible bonds sales and trading team with the appointment of Mark Edgar as its convertibles sales head …

Fortis buys 24% in singapore healthcare giant

Last months, its board had approved an enabling resolution to raise Rs 1250 crore via equity or foreign currency convertible bonds to finance its growth …

To invest Rs 600-700cr in next 3 yrs: Vardhman Textiles

Q: Your foreign currency convertible bond (FCCB) gets converted in February 2011 and the convergence price is Rs 426. What will that mean if you have to pay …

Indian Market: Stocks On The Move

State Bank of India (Rs.2028.50, down 0.37%) – The state-run lender plans to mop up Rs.50-100 crore via a 10-year retail bond issue in the next financial …

Standard Chartered’s Jaspal Bindra: ‘This Is the Right Time to List’ in India

In fact, several outbound acquisitions by Indian companies involved financing through convertible bonds, which can — and did — convert to equity. …

News Roundup: Jay Shree Closes In On Rs 120 Cr Buy

… second-largest low-cost airline could go upto 40% upon conversion of foreign currency convertible bonds (FCCB) and warrants by December this year. …

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Convertible bond issuance is expected to recover from a 12-year low as companies look for cheap ways to fund acquisitions and bolster their balance sheets.

Wockhardt in India

Holders of the convertible bonds, which came due in October 2009, … This allowed State Bank of India, a domestic lender that owned about half the FCCBs, …

Stone, Maximilian Dana of D.E. Shaw …

In September 2009 D.E. Shaw and Citadel Investment Group filed a winding-up petition in India against Venus Remedies, after the Chandigarh-based company defaulted on a foreign currency convertible bond (FCCB) issue. …

why is foreign direct investment why is foreign direct investment better than portfolio investment?

And, FPI may come to acquire freshly issued shares or debentures convertible into shares, whther listed or not on the stock exchanges at the time of issue. The key thing here is to distinguish between the objective or motivation: in the …

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In another twist to the war of words between Reliance MediaWorks (which operates BIG Cinemas) and theatre chain Fame India, the latter’s managing director, Shravan Shroff, told Business Standard today that “Reliance Media had not made any written offer to me on a higher price”.

‘Hold` Rolta India, target Rs 20: Firstcall

Firstcall has recommended a `Hold` on Rolta India (Q,N,C,F)* with a price target of Rs 220 as against the market price (CMP) of Rs 185 in its report dated Feb. 6, 2010.

SBI defers retail bond issue to next fiscal

State Bank of India (SBI) has postponed plans to raise Rs 500 crore through a retail issue of non-convertible debentures to the next financial year even as L&T Finance is set to do the exact opposite.

Growing SpiceJet returns to profit

SpiceJet reported a company record INR1.09 billion ($23.5 million) profit in its fiscal third quarter ended Dec. 31, reversed from a INR179.6 million deficit in the year-ago period….

PTC Financial Services raises Rs 100 cr via debentures

PTC India Financial Services Ltd, promoted by PTC India Ltd, on Monday said it has raised Rs 100 crore by issuance of non-convertible debentures.

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