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Morgan Stanley and Cliffwater have capped withdrawals from their private credit funds as investors sought to redeem more than allowed. This move highlights growing concerns over loan quality, particularly for software companies impacted by AI. The $1.8 trillion private credit market faces additional pressure from scrutiny over illiquid loan valuations.Read More

The Reserve Bank of India wants details on overseas rupee derivative trades. Foreign banks operating in India are resisting this move. They cite difficulties in accessing offshore deal information and jurisdictional concerns. The RBI aims for better market visibility to manage rupee volatility. This proposal could impact how international financial institutions operate within India.Read More

Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.Read More

Nifty closed 227 points lower on Thursday amidst volatility, with analysts indicating a weak underlying trend. The market anticipates a potential lower bottom formation around 23500-23400, while a move above 23850 could signal an upside reversal. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.Read More

Mumbai’s commercial insurance market is experiencing a significant premium drop as insurers slash rates to secure large corporate clients. Property and industrial cover prices have plummeted, with natural catastrophe covers seeing discounts of 60-75% and preferred risks up to 85-90%. This aggressive pricing strategy, described as a “bloodbath,” raises concerns about the sector’s viability amid potential adverse events.Read More