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State Bank of India (SBI), the country’s biggest government-owned entity by market capitalisation, Monday said it plans to garner up to $2 billion in FY24 through overseas bond sales, likely dwarfing last year’s foreign fund-raises by three of its closest private-sector rivals including HDFC Bank.
India’s largest broker Zerodha expects its revenue and profit to have expanded by a fifth in the fiscal year ending March 2023. But there is a major correction ahead for the stock broking firm in the current fiscal, according to its founder and chief executive officer Nithin Kamath.
Reliance Retail, WH Smith, a consortium led by Boston-based restructuring firm Gordon Brothers, and April Moon Retail, in which Adani Group owns a stake, are among 49 contenders that have submitted expressions of interest (EoIs) for Future Retail Ltd.
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