The Reserve Bank of India is expected to reject bids above 7.18% for its upcoming ₹5,000 crore sovereign green bond auction, mirroring a previous cancellation due to high yield demands. Domestic investors currently treat green bonds like regular ones, lacking a ‘greenium.’ This, coupled with limited liquidity and no specific green fund mandates, poses challenges for the auction’s success.Read More
ReNew Energy Global Plc has agreed in principle to an $8.15 per share cash buyout offer from a consortium of four key shareholders. This move aims to delist the company from Nasdaq, where it has underperformed since its 2021 listing.Read More
September saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total monthly card spends exceeded ₹2.16 lakh crore, a significant year-on-year increase. E-commerce spending was particularly strong. This trend is expected to continue into October with ongoing festive promotions and discounts.Read More
Markets are holding steady ahead of the Federal Reserve’s interest rate decision on Wednesday. Investors are anticipating a 25 basis point rate cut. Recent US data on consumer confidence and private payrolls showed minimal impact on Treasury yields. Attention is also on how the Fed will consider the US government shutdown’s economic effects.Read More
Orkla India secured Rs 500 crore from anchor investors. This precedes its Rs 1,667 crore Initial Public Offering opening on October 29. The company, known for MTR and Eastern brands, is offering shares through a complete Offer for Sale. Promoters and other shareholders are divesting stakes. Orkla India will list on November 6.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.
