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National Asset Reconstruction Company is selling Wind World’s debt. The reserve bid is ₹1,250 crore. Omkara ARC has emerged as the anchor bidder. They offered around ₹1,250 crore. NARCL acquired the distressed company’s loans 18 months ago. The acquisition amount was ₹672 crore. The resolution process is underway. The Swiss Challenge auction is expected to wrap up soon.Read More

Companies are returning to the bond market after a yield spike. Aditya Birla Capital raised a significant amount through 10-year bonds. Bajaj Housing Finance and Manipal Hospitals also raised funds. Bond issuances for the month reached a notable value. Experts believe stabilising yields and anticipated US Federal Reserve rate cuts are encouraging this trend.Read More

Reserve Bank of India data shows India’s foreign exchange reserves at $698.3 billion on September 5. The reserves are close to the record high of $704.9 billion. Weekly, forex reserves increased by $4 billion due to rising gold prices. Gold reserves value increased by $3.5 billion. Foreign exchange assets rose by $540 million to $584 billion.Read More

Global equities saw a slight increase following a record close, while U.S. Treasury yields rebounded amid fluctuating rate cut expectations. U.S. consumer sentiment declined, with rising inflation expectations fueling investor concerns. Wall Street showed mixed performance after recent record highs, as investors await Federal Reserve Chair Jerome Powell’s upcoming statements.Read More

European shares closed the week mostly higher. Investors were cautious about France’s credit rating. Healthcare stocks saw losses, with Novartis and Zealand Pharma declining. Aerospace and defence stocks rose due to geopolitical tensions. Banks rebounded after a weak period. French stocks outperformed despite political concerns. Ocado shares fell after Kroger’s review of warehouse investments.Read More