India’s National Bank for Agriculture and Rural Development (NABARD) withdrew its planned seven-year bond issue after bids came in higher than expected, three bankers said on Thursday.Read More
NSE has advanced its long-awaited IPO by finalising key intermediaries, including 20 merchant bankers, eight law firms, and advisory partners. These include major domestic and global investment banks such as Kotak Mahindra Capital Company, JM Financial, Axis Capital, ICICI Securities and SBI Capital Markets. The selected intermediaries will handle regulatory filings, due diligence, marketing, and execution.Read More
Tile makers are facing production disruptions as the Iran Israel crisis triggers gas shortages in Morbi, forcing several plant shutdowns. While stocks of Cera, Kajaria and Somany have fallen up to 26%, analysts say organised players with higher inventories may weather the disruption better and could raise tile prices.Read More
The Indian Rupee saw a recovery from its record low, closing at 92.17 against the US Dollar on Thursday. Global crude oil prices surged amid West Asia conflict. A stronger dollar and domestic equity market volatility also impacted the rupee. Foreign fund outflows added to the pressure. The rupee touched an intra-day low of 92.36 before recovering slightly.Read More
The Indian rupee plunged to a record low as Middle East tensions fueled a surge in crude oil prices. This significant rise in energy costs is expected to prompt central bank intervention to stabilize the currency. Analysts warn of amplified rupee volatility and potential growth slowdown and inflation if oil prices remain elevated, overshadowing domestic economic data.Read More
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