PCMC earns AA+ stable rating for proposed green municipal bonds | Pune News

THE Pimpri Chinchwad Municipal Corporation (PCMC) achieved a significant milestone by securing the prestigious AA+ stable credit rating from CRISIL for its proposed Rs 200 crore green municipal bonds. ”This achievement complements PCMC’s existing reaffirmed AA+ stable credit rating for its Rs 200 crore municipal bond programme. The new AA+ stable credit rating issued on July 4 for its green bond initiative underscores PCMC’s robust financial health and strategic governance,” said officials from the civic administration. The funds raised through these green municipal bonds will be dedicated to initiatives promoting…

Opp says Megha Engg’s fine waived over electoral bonds | Mumbai News

Opposition Nationalist Congress Party (SP) on Tuesday alleged that the Maharashtra government waived fine of Rs 105 crore slapped on Megha Enginnering and Infra Corp Pvt Ltd, the company which has paid Rs 584 crore in electoral bonds to Bharatiya Janata Party (BJP). During a discussion on budget allocation, NCP (SP) MLA Jayant Patil said, “The company has been given a work of Satara-Pandharpur road for Rs 932 crore. The company was given permission for mining of 5,000 brass minerals in Khatav tehsil of Satara. However, it mined 2.45 lakh…

Plea in SC for confiscation of money received by political parties under Electoral Bonds scheme | India News

A plea has been filed in the Supreme Court seeking a direction for the confiscation of the money received by political parties under the electoral bonds scheme of 2018 that was struck down by the apex court in February. The plea filed by petitioner Khem Singh Bhati said that on February 15, in the case of Association for Democratic Reforms versus Union of India, the apex court struck down electoral bonds scheme as it was violative of Articles 14 and 19 of the Constitution. It said this court further directed…

Adani Green: Bonds of Tata Motors, Adani Green sink as India’s debt sinks due to weak rupee

Jaguar-owner and mining giant Resources Ltd’s debt suffered the biggest fall on record last week, among a handful of Indian companies whose bonds fell to record lows of the rupee. In addition to those two dollar notes maturing in 2024, Energy’s forex bonds fell the most since March, while GMR Hyderabad 2026 debt also declined, Bloomberg-compiled data shows. The fall coincides with the rupee touching its all-time low against the dollar, posing the challenge of already high interest rates for Indian companies to pay off existing foreign debt or sell…

LIC news: LIC seeks buyers for Rs 3,400 crore RCAP bonds

Mumbai: (LIC) is looking for buyers for safe bond Valued at ₹3,400 crore issued by Reliance Capitalcurrently running bankruptcy Proceedings, in an attempt to present someone a clean book investor base that has widened in recent times IPOTwo people said to be aware of the development. IDBI Capital Markets (IDBI Caps), the process advisor to the insurance company for the sale of bonds, has invited Expression of Interest (EoI) from Asset Reconstruction Companies (ARCs) by the evening of July 11. The auction will take place after the EOI, though IDBI…

Wall St. Weeks Ahead – Dashed Peak Inflation Expectations Cause More Pain for Stocks and Bonds

Blistering inflation threatens to resume double decline in US shares And bondleaving investors to hide from a few places a federal Reserve Which is on the verge of tightening its most aggressive policy in decades. Friday indicated what investors could expect to see in the coming weeks. The benchmark S&P 500 index fell nearly 3%, while the benchmark 10-year . yield on treasure Stronger-than-expected inflation data rises to its highest level since early May after forecasts to be more aggressive irrigated Rate hike later this year. Bond yields move inversely…

10.4% ✸Edelweiss Finance NCD✸ – Jan’20 – Should you Invest?

Edelweiss Finance and Investments Ltd has come out with public issue of non-convertible debentures (NCD) offering up to 10.25% interest rate and opens for subscription from January 23, 2020. Edelweiss Finance is a non-banking finance company, focused on offering a broad suite of secured corporate loan products, retail loan products which are customized to suit the needs of the corporate, SMEs and individuals. Edelweiss Finance NCD – Significant Points: Offer Period: January 23 to 31, 2020 Annual Interest Rates for Retail Investors: 9.75% to 10.25% depending on tenure Price of each…