The Hinduja Group investment firm is offering an annual return, or coupon rate, of 15% on the NCDs, which will be secured against Reliance Capital shares with Reserve Bank of India (RBI) approval, the sources said.
It is possible that this could result in fewer fund launches. Mutual funds that launch schemes to keep distributors happy will under be less pressure to keep coming out with NFOs.
They are knocking on the doors of the government and financial market regulators, urging them to rethink a rule that forbids an overseas investor from being a foreign direct investor (FDI) as well as a foreign portfolio investor (FPI) in the same company.
Best Buy is one of several retailers touting new generative AI capabilities for the holiday season and year-round shopping, a critical tactic for staying relevant and making shopping hassle-free.
Under Rivian and the UAWs confidential pact, the automaker would adopt a neutral stance toward efforts to organize workers at the Normal, Illinois, factory where its vehicles are made, according to people familiar with the matter.
