Balanced advantage funds are gaining currency, outdoing plain-vanilla equity mutual funds in popularity.

The discussions are preliminary in nature, but with the management confident of asset quality improving in a post-pandemic economy, this is the right time to kickstart a monetisation exercise, said experts. Some HDFC Group watchers also see this as a precursor to an eventual listing.

The issue of securities could be through private placement, preferential issue, qualified institutions placement (QIP), follow-on public offering ("FPO"), or a combination thereof.

Internet specific companies attracted maximum funds in 2021 with the total sum invested amount touching $16.43 billion from $5.23 billion in 2020, followed by software ($8.22 billion), as well as financial services ($1.66 billion).

WhatsApp usage among financial traders tracked by communications surveillance firm VoxSmart has boomed as banks accept that clients want to use the platform, even if bosses prefer their staff to use official messaging channels, VoxSmart CEO Oliver Blower said.

In another transaction, Nippon India Life Mutual Fund bought 2 million rights entitlements of Bharti Airtel at Rs. 204.95 apiece through a bulk deal on the NSE.

As per block deal data on NSE, Aasia Corporation LLP sold 60,000 shares and Aasia Exports 3 lakh scrips at an average price of Rs 2,850 apiece.

NFTs use blockchain to record the ownership of digital items such as images, videos, collectibles and even land in virtual worlds.

Indian bonds rose to a high of 6.28 percent and is poised to rise more if the RBI hints at tapering liquidity in the policy on Friday. The benchmark finally yielded 6.26 percent Tuesday a tad higher than a day earlier, show data from ETIG.

Anticipating demand surge for housing loans, lenders are opportunistically cutting down home loan rates by leveraging the RBI’s benign repo rates.