MUMBAI State-run Mahanagar Telephone Nigam Ltd (MTNL.NS) is planning to raise up to 10 billion rupees through 10-year bonds at 9.39 percent semi-annual coupon, two sources with direct knowledge of the deal said.
The bonds are rated AAA (SO) by Crisil and Care, and the telecom firm had set the base size for the sale at 5 billion rupees, the sources said.
(Reporting by Archana Narayanan)
Fed's Yellen offers dose of uncertainty to markets hungry for a clue
JACKSON HOLE, Wyoming To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero.
Yellen's case for rate hike boosts dollar; stocks surrender gains
NEW YORK U.S. equities gave up early gains on Friday, hurt by a surging U.S. dollar after Federal Reserve Chair Janet Yellen said that the case for raising U.S. interest rates has strengthened in recent months.
Castrol India says not aware of any stake sale by BP unit
MUMBAI Castrol India Ltd said on Friday it was not aware of any stake sale in the company by Castrol Ltd, a unit of oil major BP Plc, and said recent news reports that such a transaction would take place were based on market speculation.