Indian equity markets closed lower amid a cautious global sentiment and mixed earnings reports. Analysts anticipate sideways trading, influenced by global cues and ongoing corporate results, with geopolitical escalations posing a significant risk. The India VIX saw a 4% rise, indicating increased market fear.Read More

ReNew Energy Global is planning a significant offshore fundraising of approximately $500 million through dollar-denominated bonds issued via GIFT City. The funds will be utilized for on-lending within the ReNew Group, debt repayment, and other permitted corporate activities. Several major international banks are involved as joint global coordinators and bookrunners for this transaction.Read More

Jio Platforms has reportedly shortlisted Morgan Stanley and Goldman Sachs as lead bankers for its upcoming IPO, with an expected valuation between $133-$182 billion. The company awaits finance ministry clearance for a 2.5% public float for mega IPOs, with a potential split between primary and secondary share sales. Strategic investors like Google and Meta are...Read More