Lenders to risky, debt-laden companies are increasingly demanding protection from financing maneuvers used to undercut creditors when times get tough. A recent crop of leveraged loans demonstrates investors’ heightened concern with protecting their assets. In some recent deals money managers have successfully closed loopholes borrowers might have tried to exploit […]
Rider University, a small college outside of Trenton, New Jersey, is trying to raise additional funds to help an ongoing liquidity crunch. College officials asked bondholders for permission to borrow against the mortgage on the school’s main campus in Lawrenceville, New Jersey, according to a bond filing dated Friday. If […]
There’s a commonly held belief among investors that as interest rates rise, the prices of precious metals such as gold and silver drop. Likewise, as interest rates fall, investors expect spot pricing for gold and silver to increase. At first glance, this would seem to make sense. After all, rising […]
There’s a commonly held belief among investors that as interest rates rise, the prices of precious metals such as gold and silver drop. Likewise, as interest rates fall, investors expect spot pricing for gold and silver to increase. At first glance, this would seem to make sense. After all, rising […]
Mumbai-based steel wire manufacturer Bansal Wire Industries, on Tuesday, garnered over ₹223 crore in anchor book round ahead of the opening of its initial public offerings (IPO) on July 3. According to the exchange filing, the company allocated 87,30,468 equity shares to anchor investors at a price of ₹256 per […]
Crude oil prices gave up most of their gains from earlier in the day as Hurricane Beryl’s forecast track continued to steer it away from major offshore production areas in the US-regulated northern Gulf of Mexico. Brent crude futures last gained 24 cents, or 0.28 per cent, to $86.84 per […]
HDFC Bank stock is likely to extend gains on Wednesday as its US-listed shares rose more than four per cent on July 2. HDFC Bank American Depository Receipts (ADR) on the New York Stock Exchange (NYSE) was last up 4.10 per cent to $66.76 after India’s biggest private lender released […]
Bain Capital-backed Emcure Pharmaceuticals, on Tuesday, said that it has raised over ₹582 crore from anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the exchange filing, the company has allocated 57,79,850 shares to 48 anchor investors at the price of ₹1,008 per share. […]
Following the latest SEBI circular mandating uniform charges among market infrastructure institutions such as stock exchanges, brokerages are facing pressure. Nithin Kamath of Zerodha said on Tuesday that the brokerage may need to reconsider its zero brokerage model or potentially raise brokerage fees for F&O (futures and options) trades. “Since […]
HDFC Bank released its April-June quarter shareholding data on Tuesday, July 2, which showed that the ownership of foreign institutional investors (FII) in the leading private lender has declined during the quarter-under-review. According to BSE data, the FII ownership in HDFC Bank as of June 2024 stands at 54.8 per […]