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HDFC Bank launch ‘Masala Bonds’ in London. Has appetite for more.

Household Development Finance Corporation (HDFC) aims to raise more money via so-called “masala” bonds after making its debut issue last month and other Indian companies may follow, the bank’s executives said. HDFC raised 30 billion rupees on July 14 via the “masala” bond, an offshore-traded, rupee-denominated issue. Yielding 8.33 percent …

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Biz Secretary Sajid Javed to hold post-Brexit talks with India

Britain’s business minister Sajid Javid on Friday is to hold post-Brexit talks on the country’s future trade relationship with India, the first of many such discussions planned with world powers. Following Britain’s referendum vote last month to exit the European Union, the country is left with the huge task of …

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