Divya Patil

Mumbai

Asia Credit Reporter at Bloomberg News

Bloomberg LP Reporter for Credit.Posts are own, not the company's views. Retweets aren't endorsements.

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Articles

India Mulls Folding Cess on Luxury Goods Into GST, Mint Reports

3 days ago | news.bloomberglaw.com | Divya Patil

The compensation cess levied on luxury goods is likely to be integrated into GST levied on these items, Mint newspaper reported, citing two unidentified people familiar with the matter.
India Mulls Folding Cess on Luxury Goods Into GST, Mint Reports

3 days ago | news.bloombergtax.com | Divya Patil

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Two Indian State Firms Pull Bond Sales as RBI Moves Spark Swings

2 weeks ago | bloomberg.com | Divya Patil

Indian Oil Corp. on Wednesday withdrew plans to sell as much as 30 billion rupees ($351 million) of five-year notes. Photographer: Dhiraj Singh/Bloomberg(Bloomberg) -- Two state-run Indian companies scrapped plans to issue rupee-denominated bonds amid yield volatility triggered by the Reserve Bank of India’s surprise policy moves. Refiner Indian Oil Corp.
Two Indian State Firms Pull Bond Sales as RBI Moves Spark Swings

2 weeks ago | flipboard.com | Divya Patil

1 hour ago ED raids meant to spilt Congress in Karnataka, says Kharge - Social News XYZ Kalaburagi (Karnataka), June 11 (SocialNews.XYZ) Congress national President Mallikarjun Kharge on Wednesday said the Enforcement Directorate (ED) … 7 hours ago World in BIG crisis! World Bank’s shocking predictions about India, China…, Donald Trump’s trade war to… President Donald Trump's trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank …...
India’s Company Bond Funds Lure Most Inflows in Over Two Years

2 weeks ago | bloomberg.com | Divya Patil |Ashutosh Joshi

(Bloomberg) -- India’s corporate bond funds received the highest inflows in over two years as aggressive cash injections by the central bank spurred investments by the nation’s lenders. These funds attracted a net 119.8 billion rupees ($1.4 billion) last month, the highest since March 2023, according to data from the Association of Mutual Funds in India. This marks the second straight month of inflows into funds that invest mainly in company debt rated AA+ and above.
Indian Assets Whipsaw After RBI’s Surprise Moves Stun Markets

3 weeks ago | bloomberg.com | Subhadip Sircar |Ashutosh Joshi |Divya Patil

The National Stock Exchange (NSE) in Mumbai, India, on Wednesday, Feb. 19, 2025. Carlyle Group Inc.’s Hexaware Technologies Ltd. rallied on Wednesday after India’s first billion-dollar initial public offering of 2025, signaling investor appetite for new listings remains strong despite the weakness in broader markets.
India’s LIC Sole Buyer in Adani Ports’ Record Rupee Bond Sale

4 weeks ago | bloomberg.com | Saikat Das |Divya Patil

Adani Ports' Mundra Port. Photographer: Sumit Dayal/Bloomberg(Bloomberg) -- Life Insurance Corp. of India is the sole buyer in Adani Ports & Special Economic Zone Ltd.’s record 50-billion-rupee ($585 million) bond sale, according to people familiar with the matter. The company will issue a 15-year bond with a coupon of 7.75%, the people said, asking not to be identified as the information is private.
Adani Ports Plans Record 50 Billion Rupee Bond Sale for Capex

1 month ago | bloomberg.com | Divya Patil |Saikat Das

Adani Ports & Special Economic Zone Ltd. plans to raise as much as 50 billion rupees ($584 million) through a bond issuance, according to people familiar with the matter, which would be its largest ever. The company is set to seek bids for a note due in 15 years on Thursday, the people said, asking not to be identified as the information is private. The note offers a coupon of 7.75%, the people said.
Record India Private Credit Deal Hinges on Tricky Collateral

1 month ago | bloomberg.com | Nic Querolo |Saikat Das |Divya Patil

On the surface, India’s record-breaking private credit deal is a milestone for the market. The real estate and construction conglomerate Shapoorji Pallonji Group has signed a $3.4 billion private financing, the largest ever in India. Investors are being rewarded with a 19.75% yield, an attractive loan-to-value ratio, and a rare opportunity to put a large amount of capital to work in one of the world’s hottest markets.
Record India Private Credit Deal Hinges on Tricky Collateral

1 month ago | flipboard.com | Nic Querolo |Saikat Das |Divya Patil

8 hours agoLet me start with a prediction: the S&P 500 will gain about 5% this year—not great, but not bad, either. This isn’t really a Nostradamus-level call: I’m simply annualizing the gain the market has posted so far in 2025, as of this writing. We can think of this year as the middle stage of the business …