SIMPLEX ASSET MANAGEMENT
Japan 30-year auction tests a jittery bond market as global yields surge
Global debt markets are uneasy due to increasing fiscal deficits. Japan's super-long government bond auction is the latest test. Thirty-year bonds are a pain point for Japan, the US, and Europe. Investors demand higher yields for holding longer debt. Japan's Ministry of Finance aims to sell 30-year paper. Political uncertainty and global yield increases affect the JGB market.
Investors brace for Japan bond market blowout as election nears
Japan's bond market faces uncertainty. Upper house elections this weekend could shift power. Prime Minister Shigeru Ishiba's party struggles. Opposition parties favor consumption tax cuts. Long-dated bond yields are rising. Investors worry about fiscal spending. Japan's debt is already high. The Bank of Japan's stance adds to concerns. Experts predict potential market volatility after the election.
Trump's 'big, beautiful' bill set to further tarnish Treasuries' lustre overseas
Amidst concerns over rising U.S. debt due to President Trump's fiscal policies, foreign investors are increasingly diversifying away from U.S. Treasuries. Anticipated deficit spending and inflation-boosting tariffs are diminishing the appeal of these assets. While some, like Simplex Asset Management, are shifting to European debt, analysts suggest a complete sell-off is unlikely.
NARCL plans to separate sustainable part of Simplex Infrastructures debt
NARCL had acquired the loan in cash and security receipts (SRs) for Rs 640 crore earlier this year. The state-backed bad bank had bought the debt from lenders at a 93% discount. The banks involved include PNB, State Bank of India, Canara Bank, Bank of Baroda, Bank of India, Union Bank of India, RBL, IDBI Bank and Standard Chartered Bank.
Simplex Projects’ promoter secures NCLT’s nod for acquiring company through bankruptcy
The Kolkata bankruptcy court has approved the revival plan for Simplex Projects proposed by its promoter, Sudarsshhan Das Mundhra. The plan, which received 99.51% approval from lenders, includes a payment of Rs 235.28 crore towards the company's total liabilities of Rs 2,108.49 crore.
What top 5 mutual funds bought and sold in July
India's leading mutual funds made important portfolio adjustments in July. SBI added Vedanta and Lupin, ICICI Prudential included Graphite India and J K Cements, and HDFC acquired GMM Pfaudler and RBL Bank. Nippon India added Schaeffler India, while Kotak included Deepak Nitrite. These adjustments reflect their strategic outlook on various sectors.
- Go To Page 1
Bad bank does two years' worth of business in one week, buys over Rs 24,000 cr of debt just before FY24 ends
NARCL completed transactions of ₹24,000 crore in bank debt during FY24. It transferred road assets, including Metenere and Simplex Infrastructures. With these acquisitions, the total debt held by NARCL will almost double to Rs 48,652 crore, up from the Rs 25,000 crore acquired by the bad bank so far. However, it is still not close to the Rs 82,845-crore target set in 2022.
NCLT junks insolvency plea against Simplex, cites co's stuck receivables
The National Company Law Tribunal (NCLT) in Kolkata has blocked a petition from Central Bank of India that would have allowed insolvency proceedings against Simplex Infrastructures. The engineering company remains in debt to government agencies and contractors, with some payments mired in arbitration. The debt could potentially allow Simplex to pay back creditors, according to the judgment.
Wait 10 seconds, lose $1 million in markets rocked by volatility
All of which makes one thing crystal clear: In a market made more volatile by post-2008 regulations that curbed trading by Wall Street banks, the stakes are high every minute of every trading day at moments like this.
IndiGrid to acquire Raichur Sholapur Transmission Company for Rs 250 crore
IndiGrid has acquired the shares from Patel Engineering Limited, Simplex Infrastructures Limited and BS Limited, each owning 33.33% stake, respectively. The completion of acquisition would depend upon receipt of relevant approvals and completion of contractual obligations, the company said.
Corporate Radar: Vedanta to turn ex-dividend; L&T, Asian Paints Q1 results; Bajaj Auto AGM and more
Asian Paints, Larsen & Toubro, Bajaj Auto, Tata Power Company, United Spirits, Union Bank Of India, Relaxo Footwears, KEI Industries, UTI Asset Management Company and Symphony are among companies that will announce their quarterly earnings today
Escalating chaos again proves incapable of derailing the S&P 500
Stocks advanced broadly over the five days, resuming a rally that was interrupted in September by a palette of concerns ranging from bubble valuations in the Nasdaq to rising cases of virus infections.
A Porinju favourite smallcap finds favour with Radhakishan S Damani
Radhakishan S Damani, picked over 1 per cent stake in this smallcap firm.
Adani in talks with Simplex promoters for equity stake
The move is part of a stressed asset resolution plan that Simplex Infra management is working on.
Stocks in the news: Infosys, YES Bank, D-Mart, Edelweiss Financial and Snowman Logistics
Drug firm Granules India is recalling over 2.3 crore ranitidine tablets.
Stocks in the news: Indiabulls Housing, Adani Gas, YES Bank and TV18 Broadcast
Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for RCom's telecom assets.
Indian investors could be caught in FIIs’ year-end game
Foreign institutional investors have pumped in nearly Rs 3,000 crore so far in December.
First profit in 10 quarters; are these smallcaps worth a look?
Asset quality remained subdued with gross NPA climbing to 18.64 per cent this September.
Mapping the market: 6 facts you must know about today's session
That was some rally! After trading like water in a dead pond, the domestic market woke up to life in the last hour of trade on Monday to stage a massive surge.
Fifteen stocks in focus in Friday morning trade
The Indian market is expected to open flat. Here is a list of top fifteen stocks that are likely to be in focus today.
US markets: Expect volatility in 2015, say investment professionals
Volatility could also be called the old normal, given how common it was before the relatively tranquil years after the financial crisis.
Infrastructure companies in hunt for women directors to meet Sebi stipulation
“There are not many women with backgroundin infrastructure,but it is not necessary that all director shave the same domain knowledge."
Infrastructure boom puts investors in a fix
'Investors should hold on to infrastructure and real estate stocks. The market is expecting a series of policy reforms to be announced by the government.'
Stocks to watch: HDFC, L&T, HCC, Simplex Infra,Bajaj Auto, TVS Motors, Sun Pharma, Tech Mahindra, Tata Motors, SAIL, Gammon India, Pratibha Industries
Crude oil prices were mixed in Asian trade. New York's main contract, light sweet crude for January delivery dropped to $78.32 per barrel. Brent North Sea crude for January delivery was at $79.35 a barrel.
FMP funds don't follow professed path, find HNIs
Many high net worth individuals (HNIs) are finding out the hard way that indicative portfolio investments shown by fund managers of Fixed Maturity Plans can be dramatically different from the actual investments.
Foreign, domestic funds acquire stake in Simplex Infra
The new investors acquired the stake in Simplex Infra through the qualified institutional placement (QIP) route.
Goldman, Morgan bid for a stake in Daito
US investment banks Morgan Stanley and Lehman Brothers are among the bidders for a stake in Japanese house builder Daito Trust Construction.
MFs richer by Rs 30k-cr; UTI retains top slot
The total assets under management of the country's 30 mutual funds rose to over Rs 3,39,000 crore at the end of November.
Mauritius firm offloads residual stake in Simplex
Mauritius-Based Beethoven has sold off its Simplex Infrastructures holding of 7.49%.
Load More
