Sebi may tweak AT1 bond rule, looks for middle ground on valuation

[Business-Standard]( Daily Newsletter 16 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 50395.08 (-397.00) [NIFTY]( 14929.50 (-101.45) GOLD (MCX 10 GM) 44910.00 (160.00) SILVER (MCX 1 KG) 67684.00 (840.00) USD ($) / INR(Rs) 72.59 (-0.36) Front Page [Premium Content][Sebi may tweak AT1 bond rule, looks for middle ground on valuation]( Sebi is considering the alternatives with credit-rating agencies, fund houses, and ministry officials [Hotels, malls face tighter curbs in Maharashtra amid spike in Covid cases]( No social, political or religious gathering will be allowed in Maharashtra and capacity in cinemas, malls and restaurants will be curbed at 50 ... [Supreme Court shuts back-door arrangement for defaulting promoters]( The SC order barred promoters of Gujarat NRE Coke, a defaulting company, from proposing a revival plan in the event of liquidation under IBC [Premium Content][SP Group in talks to raise Rs 4,000 crore from SSG Capital, others]( SP Group owns 18.5 per cent stake in Tata Sons, which is estimated by the group as being worth Rs 1.75 trillion [WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel]( Wholesale inflation rose to 4.17% in February as against 2.03% in the previous month [Premium Content][TCS looks for talent on the cloud, to create an algorithm-based marketplace]( Firm has reimagined its HR strategy with a clear focus on skills [India Grid to raise Rs 2,500 cr via NCD to recast debt, acquisitions]( The major shareholders in IndiGrid are KKR & Co. Inc and its affiliates (23 per cent) and Singapore's GIC and its affiliates (20 per cent) [Germany, Italy, France hit pause on AstraZeneca amid safety fears]( The moves by some of Europe's largest and most populous countries will deepen concerns about the slow rollout of vaccines in the region [Haryana IT firms fear state's local hire law, predict severe impact: Study]( 80 per cent companies said that the law will hurt their business and investments plans, according to Nasscom survey [Premium Content][Foot in the door, BJP pushes hard for upcoming West Bengal Assembly polls]( BJP's battle for Bengal got serious after 2016, when it increased its vote share from 4.06 per cent to 10.16 per cent and won three seats Companies [Premium Content][Expect top-line growth to return from March quarter: ICICI's N S Kannan]( We were an 82 per cent ULIP company but today we are at 48 per cent. So, we have been able to transform the product mix, says Kannan [Kotak Investment, Allianz Group tie-up for India's private credit market]( Allianz's total private credit investments in the country is worth about $650 million and it is looking to increase it to $1 billion in 2021 [Premium Content][ArcelorMittal lists India's high public debt as risk factor for investments]( India's public debt at 89.3% of GDP is one of the highest among EMs [HC refuses firm relief in plea against curbs on unsolicited messages]( The regulations came into effect last Monday but their implementation was deferred for a week by the telecom sector regulator to allow companies ... [Adani Welspun strikes gas in Mumbai Offshore's Tapti-Daman sector]( AWEL said the drilling of the current well in March 2021 has confirmed the presence of substantial quantities of gas and condensate in the Block [» Read More Stories in Companies]( Economy & Policy [Premium Content][Success of Railways' asset monetisation plan can offer template for others]( Critical contractual changes may help the long delayed plan to redevelop New Delhi Railway Station finally get off the ground and offer a ... [Trade deficit narrows to $12 bn in February, exports at $27.93 bn]( Exports of items such as iron-ore, rice, cereal preparations meat, dairy and poultry products, spices, drugs and pharmaceuticals, handloom ... [Precocious growth in India's skill-intensive sectors worrying: Paul Krugman]( Krugman said skill intensive industries generate a lot of GDP and exports but they do not generate a lot of jobs [Parl panel questions legality of new rules for OTT, social media platforms]( Some members of the Parliamentary Standing Committee on Information Technology on Monday questioned the legality of new rules framed by the ... [No proposal at present to include petroleum under GST: Sitharaman]( FM says GST Council will take it up after considering revenue impact [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [3M India]( 27494.80 0.89 [Adani Total Gas]( 749.20 1.47 BSE TOP GAINERS Company Price (Rs) Change (%) [Meghmani Organ.]( 123.70 19.00 [Sterling & Wils.]( 277.25 9.37 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Bliss GVS Pharma]( 130.35 -19.98 [APL Apollo Tubes]( 1146.10 -8.92 [Analysts bet on defensive sectors amid rising inflation concerns]( India's retail inflation, according to data released this Friday, surged to a three-month high of 5.03 per cent in February, as against 4.06 per ... [Premium Content][Suryoday SFB IPO: Lender diversifies but asset quality worrying still]( It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3 [Kalyan Jewellers IPO opens Tuesday: A good long-term bet, say analysts]( The company's performance was impacted significantly during fiscal 2018-19 and in the nine months of the current fiscal (9MFY21) due to natural ... [Mutual Funds continue to trim positions in heavyweights in February]( Most large MFs remained underweight on banking and overweight on capital goods [MFs hold nearly a fifth of AT-1, Tier-2 bonds issued by banks: Nomura]( On March 10, the market regulator said that no MF under all its schemes shall own more than 10% of AT-1 bonds and Tier-2 bonds issued by a ... [» Read More Stories in Markets]( Opinion [Premium Content][Shadow over solar power]( Punitive tariffs on components will cripple a growing sector [Premium Content][Triumph for science]( The speed record of Covid-19 vaccine launches is extraordinary [Premium Content][A high-pressure growth gamble]( Biden administration's mega-stimulus could set off a tug of war between growth and inflation and a churn in the markets [Premium Content][Dealing with cost-push inflation]( At present, an important reason for the large leeway around the inflation target lies in the behaviour of the prices of oil and food, which can ... [Premium Content][Women: Educated but unemployed]( Indian women work a lot. But, their work is predominantly at home, in service of other members of their household [» Read More Stories in Opinion]( Finance [Cheque clearing to be done at all bank branches by September 30]( The measure was first announced during February policy meet of RBI, but the guidelines were to be issued by March [NPCI launches UPI-Help on BHIM app]( This will enable the users to check the status of the pending transactions, raise complaints against transactions that have not been processed ... [Nationwide bank strike: Cheques worth Rs 16,500 crore stuck]( A nationwide strike called by the United Forum of Bank Union in protest against privatisation of the government banks has begun [Nationwide strike impacts banking services of public sector banks]( Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the UFBU have gone on a ... [» Read More Stories in Finance]( Technology [ASUS announces new range of PC lineup in India starting at Rs 1,03,990]( ASUS Republic of Gamers (ROG) on Monday announced a new range of PC lineup featuring the latest AMD Ryzen 5000 Series Mobile Processors in ... [Indian gamers spend more than eight hours a week playing: Report]( Indian gamers spend more than eight hours and 36 minutes each week playing, according to a report by Limelight Networks Inc [CarDekho launches UPLINK, forays into connected vehicle technology]( CarDekho, an auto-tech firm on Monday launched UPLINK, an advanced and compact GPS Vehicle Tracking System. [Samsung Galaxy Tab S6 Lite tablet gets One UI 3.1, DeX support]( Samsung has released the One UI 3.1, the latest version of its custom Android skin update, for the Galaxy Tab S6 Lite [Saregama Carvaan Karaoke review: Fitting speaker if you like to sing along]( Priced at Rs 19,990, the Saregama Carvaan Karaoke is aimed at the niche market of people with interest in music. For others, it might seem ... [» Read More Stories in Technology]( PF [Premium Content][Hold on to sovereign gold bonds as prices may rebound, say experts]( Premature withdrawal results in taxation of capital gain, while corpus received at maturity is tax-free [» Read More Stories in PF]( Beyond Business [Premium Content][The margins of a nation]( Book review of Midnight's Borders: A People's History of Modern India [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. If you can not view this message, please click here | For unsubscribe click here If you do not wish to receive Business Standard e-mails in the future, please [click here](mailto:rm-===Xmxkb===E5===La===Q===F1b===Hk===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe