A businessman holds a briefcase and smartphone as he passes a bank. (Photographer: Simon Dawson/Bloomberg)
Only state-owned firms that have a rating of ‘AAA’ may raise debt through India’s first debt exchange traded fund, according to a senior government official.Companies like Oil and Natural Gas Corp., Housing and Urban Development Corporation, Power Grid Corporation of India Ltd., Konkan Railway Corporation Ltd., among others, may be part of the debt ETF which is expected to launch in the next fiscal, the official said.The ETF may help...