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RBI cash, yields draw investors to dollar bonds SECTIONS Last Updated: May 06, 2021, 07:49 AM IST Share Synopsis The RBI will inject 500 billion rupees of liquidity and allow new loan-relief for small businesses, Governor Shaktikanta Das said in surprise statement on Wednesday. Agencies Indian dollar bonds gained 0.7% in the two weeks to May 5, more than the 0.3% rise in a broader Asian dollar bond gauge, according to Bloomberg Barclays indexes. Related NSE By Rahul Satija Bargain-hunting investors are increasingly moving into Indian dollar bonds, and central bank support unveiled Wednesday may further that trend even as the nation grapples with a tragic surge in Covid cases. ....
He may hold the winning ticket in tech and Silicon Valley knows it Mukesh Ambani has spent years trying to turn his inherited oil business into a tech empire. In 2020, that pivot really kicked into overdrive. Between March and November last year, even as the coronavirus upended lives and devastated economies around the world, India’s richest man was handed more than $27 billion to make a bet on the future of the internet. More than half that eye-popping amount came from Silicon Valley. It started with $5.7 billion from Facebook in March, one of the biggest investments in the American company’s history. Silver Lake Partners, the private equity firm based eight miles from Facebook’s Menlo Park headquarters, followed with its own investment just weeks later, as did Palo Alto’s General Atlantic and San Francisco-headquartered TPG Capital. ....
India is the biggest prize in tech. Meet the gatekeeper localnews8.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localnews8.com Daily Mail and Mail on Sunday newspapers.