Toyam Industries (TIL) announced the confirmation of registration of the title Warrior Hunt with Indian Motion Picture Producers Association (IMPAA). The company had applied for the registration of the title through its media production house, an associate concern and licensee of TIL s Kumite 1 - Warrior Hunt trademark user, Oneway Films Pvt.
Ltd., for producing a reality show web series / talent Hunt.
While TIL holds full trademark rights for Kumite 1 - Warrior Hunt , it has licenced its usage to its associate concern, a dedicated media house which would be producing this web series. TIL holds full marketing as well as revenue rights.
The Government of India (GoI) has announced the Sale (Re-issue) of (i) 5.15% Government Security, 2025 for a notified amount of Rs 11,000 crore (nominal) through price based auction, (ii) 5.85% Government Security, 2030 for a notified amount of Rs 11,000 crore (nominal) through price based auction, and (iii) 6.76% Government Security, 2061 for a notified amount of Rs 7,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India on March 19, 2021 (Friday) using multiple price method. Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
New investor Invesco Developing Markets Fund invests USD 150 mnGodrej Properties announced that the company raised Rs 3750 crore through the QIP route.
The company saw a strong mix of investors with nearly 90% of the book being
allocated to long only investors. GPL s largest existing external shareholder,
GIC, strongly backed the QIP with an investment of USD 110 million while the
largest investor in the QIP was a new investor, Invesco Developing Markets
Fund and certain other funds managed by Invesco Advisers, Inc., that is
investing USD 150 million.
GPL has identified several growth opportunities and intends to use the net
proceeds received from this issue for augmenting long term capability building and scaling the business rapidly in the years to come.
India has been left somewhat unscathed when it comes to foreign portfolio investor (FPI) flows in the aftermath of the spike in US bond yields. Between February 15 and March 10, India s FPI flows stood at $874 million, and its emerging market peers saw outflows. FPIs were net sellers to the tune of Rs 942 crore on Friday, according to provisional data from exchanges. Analysts cited global indices rejig as one of the reasons for continuing inflows to India. Last month MSCI announced rebalancing, and inflows of over $250 million were expected because of this rejig. The FTSE Global Equity Index Series introduced changes to its indices last month and these will become effective March 19.
Rising yields at India’s latest government bond auction are signaling the central bank may be reluctantly accepting higher borrowing costs amid a global rout. The Reserve Bank of India sold some of 10-year debt at 6.22 per cent on Friday, compared with about 6 per cent in previous auctions. That’s after a spike in U.S. Treasury yields and oil prices pushed borrowing costs higher globally. The RBI has allowed yields to adjust higher due to global reflationary pressures, said Shailendra Jhingan, chief executive at ICICI Securities Primary Dealership Ltd. They are allowing an orderly evolution of the yield curve without any fixed target where yields should be.