In this special Business Standard webinar, the biggest names in India's mutual fund industry discuss if the market running ahead of the economy

Unlock BFSI 2.0: Mutual funds - Is the market running ahead of economy?

Unlock BFSI 2.0: Mutual funds — Is the market running ahead of economy?

Embassy Office Parks REIT has raised Rs 2,000 crore debt to repay non-convertible debentures maturing this month.
In a regulatory filing on Tuesday, Embassy REIT said it has raised "Rs 2,000 crore of coupon-bearing debt at an interest rate of 7.95 per cent."
Embassy REIT will utilise the proceeds from this debt raise to repay its Non-Convertible Debentures (NCDs) of Rs 2,000 crore maturing in October 2024.
"We are pleased to announce this fundraise of Rs 2,000 crore, which has seen strong participation from mutual funds and banks," said Aravind Maiya, Chief Executive Officer of Embassy REIT.
This refinancing continues to allow the company to optimally control its balance sheet and positions it to take advantage of future rate cuts to raise capital.
Embassy REIT is India's first publicly listed Real Estate Investment Trust.
It owns and operates a 51 million square feet portfolio of 14 office parks in Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai.
Embassy 

Embassy REIT is India's first publicly listed Real Estate Investment Trust

They have collectively invested Rs 250 crore (Rs 25 crore each) on behalf of their respective company, and plan to bring in more like-minded business leaders as equity partners in IFQM

As part of the agreement, which was announced on Tuesday, Hearst will license content from Esquire, Cosmopolitan, Elle and more than 40 newspapers for use across OpenAI's products

Apple rolls out iOS 18.1 developer beta 6 ahead of its public release. Samsung launched the Galaxy A16, and Sony introduced the Pulse range of audio accessories for the PS5 in India

The mass resignation of 54 senior doctors from RG Kar Medical College and Hospital on Tuesday hasn't affected healthcare services in the facility as medics continue to treat patients.
The outpatient and inpatient departments remained fully operational, with doctors actively providing care, eyewitnesses said.
Dr. Sunit Hazra, an orthopedic surgeon, explained that the resignations were intended to exert pressure the state government, which has remained silent during the ongoing hunger strike by junior doctors. "Our resignation is symbolic, aimed at prompting the government to engage in discussions," he said.
The doctors who tendered resignations include specialists from various fields, such as cardiology, orthopedics, and pediatrics, as well as faculty from departments like radiotherapy and general medicine.
Dr. Hazra emphasised that the resignations are not intended to disrupt patient care and that they would continue their duties.
The collective resignation letter was sent to the 

Dr. Sunit Hazra, an orthopedic surgeon, explained that the resignations were intended to exert pressure the state government, which has remained silent during the ongoing hunger strike

Chief Minister Atishi reviewed the progress of the Delhi Solar Policy, emphasised the importance of timely subsidy distribution, and directed officials to ensure that all consumers who install rooftop solar panels receive their subsidies within a month.
Atishi convened a review meeting of the Delhi Solar Policy with senior officials from the power department and Delhi's three electricity distribution companies (DISCOMs) to assess the implementation of the ambitious policy, an official statement said.
The Delhi government, led by the Aam Aadmi Party (AAP), has introduced India's most progressive solar energy initiative, offering consumers generation-based incentives (GBI) for each unit of solar energy produced, it added.
"Official guidelines for subsidy distribution should be released within a week," said Atishi, adding that the excess electricity generated by consumers would lead to a direct transfer of subsidies to their bank accounts within seven days.
According to the statement,

According to the statement, the Delhi government aims to ensure that 20 per cent of the city's electricity needs are met through solar power by 2027

The finance ministry will commence from October 10 its pre-Budget meetings with review of six ministries and departments, including new & renewable energy and skill development & entrepreneurship.
The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year.
On the last day, Ministry of Railway and Department of Health and Family Welfare will be discussed.
The Union Budget 2025-26 is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," the Budget circular 2025-26 issued by Department of Economic Affairs said.
It will be the second ...

The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year

The finance ministry will commence the exercise to prepare the annual budget for 2025-26 from the second week of next month in the backdrop of the Indian economy recording 7 per cent growth rate for the fourth consecutive year.
The budget for the next financial year would focus on reforms to be pushed to further accelerate growth momentum and measures to generate jobs and boost demand in the economy.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," Budget circular 2025-26 issued by the Department of Economic Affairs said.
Hard copies of the data in the specified formats should be submitted for cross-verification, it said.
It will be the second budget of the Modi 3.0 government and 8th straight Budget for Finance Minister Nirmala Sitharaman, a rare distinction in Indian ...

Pre-budget meeting shall commence from second week of October, 2024 and shall continue till around mid-November, 2024, it said

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Unlock BFSI 2.0: Mutual funds — Is the market running ahead of economy?

In this special Business Standard webinar, the biggest names in India's mutual fund industry discuss if the market running ahead of the economy

Explore News