Shayan Ghosh & Ram Sahgal shayan.g@livemint.com MUMBAI: Foreign investors in Gujarat's Gift City have yet to warm up to sovereign green bonds five months after the regulatory green light, deterred by their rupee denomination, cooling enthusiasm for green energy, and rising yields in the West.
"As the debt manager to the government, the Reserve Bank of India does not want to issue sovereign securities in dollars. The problem is that investors are not keen on buying rupee securities from the Gift City," a Gift City official said on the condition of anonymity.
Announced in the FY23 Union budget, sovereign green bonds aim to finance public projects focusing on energy transition.
NEW DELHI:
Esta historia es de la edición January 09, 2025 de Hindustan Times Navi Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 09, 2025 de Hindustan Times Navi Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Guwahati to host ISL's Kolkata derby
After weeks of uncertainty, Mohun Bagan Super Giant said on Wednesday that they will host the Kolkata derby of the Indian Super League (ISL) against East Bengal in Guwahati on Saturday.
AFI Reworks National Camp Plan for Athletes
AFI's new policy on training
Isak Fires Again as Newcastle Shock Wasteful Arsenal in SF
Newcastle took a giant stride towards the League Cup final as goals from Alexander Isak and Anthony Gordon earned a 2-0 semi-final, first leg lead at Arsenal on Tuesday.
Chasing history, Alcaraz eyes big push in Australia
Spaniard, who owns four Slams but is yet to win in Melbourne, will have to shake off his slow start trend
Friendship, coaching rivalry and cricket connections
Sitting in the stands of the Birsa Munda Hockey Stadium, Craig Fulton was observing the Indian players in a training session of Hockey India League (HIL) franchise Team Gonasika.
All eyes on Rohit, Bumrah and Shami in CT selection
Selectors are due to name India's squad for the Feb 22-March 9 ICC Champions Trophy on Saturday
Australia tour rubble shows domestic cricket deserves more respect
India suffered two shattering jolts – first New Zealand and now Australia – but in the gloom there is a silver lining, what teams call 'positives'.
Gold import revision cuts Nov trade deficit by $5 bn
India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.
India Inc. focuses on core areas with exits, buyouts
Stick to your knitting. That's the latest motto for many large Indian companies as they go for demergers and selloffs, while some of them snap up businesses in their primary focus areas.
Allcargo to sell stake in Gati
Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said.
