Shapoorji Pallonji Group is nearing the closure of a ₹25,400 crore debt raise by May 15, featuring annual coupons around 18.75%. This fundraising, part of Project Ascent, will utilize USD bonds and bespoke loans to refinance existing debt, including bonds secured against its Tata Sons stake.Read More
The Reserve Bank of India became a net buyer of $7.4 billion in February, a shift from January’s net sales. This likely benefited from a stronger rupee after the India-US trade deal announcement. The real effective exchange rate (REER) for the rupee decreased in March, indicating undervaluation and supporting export competitiveness.Read More
Warner Bros. Discovery’s shareholders approved an $81 billion sale of the company to Skydance-owned Paramount on Thursday, propelling a mega merger that could vastly reshape Hollywood and the wider media landscape closer to the finish line.Read More
U.S. stocks declined amid escalating Iran war concerns and mixed earnings. Hopes for a swift resolution dimmed as Iran tightened control over the Strait of Hormuz and reported air defense activations. Investors also reacted to AI disruption fears in the software sector, with IBM and ServiceNow shares falling, while Texas Instruments surged on positive forecasts.Read More
Lululemon Athletica shares tumbled about 12% in early trading on Thursday, as the struggling athletic apparel maker’s decision to tap a CEO from turnaround-embattled Nike failed to reassure investors.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
