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Firms put off debt plans as gilts flood market
The Centre's massive borrowing programme in the new fiscal is leading to a crowding-out effect in the debt market. Corporates, which were planning to kick off their borrowing programmes in the first month of the new financial year, are defering their plans as a combination of central and state government papers are raising over Rs 11,000 crore in April.
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Batlivala & Karani to recast equities unit
Batlivala & Karani, which recently snapped ties with the HSBC group in its broking joint venture, will carve out a fresh corporate structure for its equities business. The structure, to take effect from July 1, will comprise a holding company called B&K Resources and the three companies under its fold would be B&K Equity, B&K Research and B&K Advisory.
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