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Muthoot Finance, Indias largest gold loan NBFC, has raised USD 600 million through an international bond issuance under its External Commercial Borrowing (ECB) programme. The proceeds will fund lending activities, allowing the company to extend more credit across India. The issuance saw strong global participation, highlighting investor confidence in Muthoot Finances growth strategy and fundamentals.
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News and Media
Eternal (formerly Zomato) emerged as mutual funds' top pick in August, attracting 7,200 crore, surpassing giants like Infosys and HDFC Bank. Several AMCs, including Aditya Birla Sun Life and Axis Mutual Fund, significantly added the stock, while SBI Mutual Fund reduced its holdings. Overall, equity mutual funds decreased cash balances, deploying funds into opportunities like Eternal's Ant Block deal.
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News and Media
Giles Hurley says the chancellor must consider "very carefully" any policies that raise business costs.
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News and Media
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