The National Stock Exchange on December 5 launched Nifty Bharat Bond Index series, which will track a portfolio of AAA-rated bonds issued by government entities. The first two indices in the series are for April 2023 and April 2030.On Wednesday, the Cabinet approved the launch of exchange-traded fund (ETF) for bonds to create an additional source of funding for central public sector companies and state-owned financial institutions.The new fund offer (NFO) of the ETF is expected be launched during December itself.Close Each such index would capture performance of portfolio of public sector bonds with 'AAA' rating and maturing in a specific year, the bourse said in a release. related news Analysts see RBI pausing for long as inflation worries return CBDT floats draft notification with regard to renumeration of fund managers Canada Pension Plan Investment Board to invest up to $600 mn in India through NIIF The indices have a base date of November 29, 2019, and a base value of … [Read more...] about NSE launches Nifty Bharat Bond Index series
Syria at the united nations
House Speaker Nancy Pelosi on December 5 announced the House is drafting articles of impeachment against President Donald Trump. Earlier in the day, Pelosi said she would deliver an unusual public statement on the status of the House impeachment inquiry into President Donald Trump."The facts are uncontested. The president abused his power for his own personal political benefit at the expense of our national security by withholding military aid and (a) crucial Oval Office meeting in exchange for an announcement of an investigation into his political rival," Pelosi said in a televised statement, Reuters reported."Sadly, but with confidence and humility, with allegiance to our Founders and our hearts full of love for America, today I am asking our chairman to proceed with articles of impeachment," she added, referring to House Judiciary Committee Chairman Jerrold Nadle.Close Reacting to the development, Trump said that the Democrats were seeking to impeach him over "nothing". related … [Read more...] about Speaker Nancy Pelosi OKs drafting of impeachment articles against Donald Trump
SBI Capital Markets is said to have shortlisted four prospective bidders for the stake sale in Jet Airways as a part of the debt resolution process. These include TPG Capital, Indigo Partners, Etihad Airways and NIIF. The qualified bidders are expected to submit their binding bids latest by May 10. It is a crucial process for Jet Airways that is battling a number of issues on multiple fronts to stay operational.Here's a quick look at the bidders that are hoping to revive the troubled airline:TPG CapitalThe 27-year-old US-based private equity firm has investments in a wide range of sectors from industrials and financial services to healthcare, technology and real estate. Interestingly, it's first ever major investment was in then-bankrupt Continental Airlines in 1993. The Texas-headquartered airline, in 2013, merged into United Airlines. In 1994, the PE firm created an Asia-dedicated fund-TPG Capital Asia, which is now being led by Puneet Bhatia in India. The firm marked its presence in … [Read more...] about Jet Airways stake sale: Who are the bidders?