REC gets soft commitments for $300 million worth of Yen bonds
November 14th, 2023 13:27
It could raise funds for as low as 6.5% interest cost including the cost of currency hedging if its first attempt at a Yen bond sale is successful. That would be at least 100 basis points or a percentage point lower than if it were to borrow in US dollars given that yields in that country are at multi-year highs.
IREDA IPO: State-run NBFC sets price band of Rs 30-32/share for upcoming public offer
November 14th, 2023 13:27
IREDA IPO consists of a fresh issue of up to 40.3 crore equity shares and an offer for sale (OFS) of up to 26.8 crore equity shares by the government. About 50% of the IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
Apple supplier Foxconn posts surprise rise in quarterly profit
November 14th, 2023 13:27
The world's biggest assembler of iPhones said it expects revenue for its smart consumer electronics division, which includes smartphones, to also fall slightly in the fourth quarter. The division makes up about half of Foxconn's total revenue.
Money vs health: What would you choose in Samvat 2080?
November 14th, 2023 13:27
If you plan to have a baby at some point in the future, you would want to look at a policy offering maternity benefit, which will cover expenses relating to childbirth. Similarly, while opting for the sum insured, remember this policy should be able to serve you in the long run, which implies taking inflation into account.
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