The National Stock Exchange of India has appointed 20 merchant bankers and eight law firms for its upcoming initial public offering (IPO). The IPO will be an offer for sale, with existing shareholders expected to offload approximately 4-4.5% of the exchange’s equity. NSE is currently valued at around ₹5 lakh crore in the unlisted market.Read More
The Indian rupee hit an all-time low of 92.36 against the US dollar on Thursday, later recovering slightly to close at 92.19. Energy price retreats offered some relief, while central bank intervention was observed between 92.20 and 92.36, according to traders. Analysts suggest further weakness could occur if these levels are breached.Read More
Sebi is proposing easier ways for legal heirs to claim securities. The regulator wants to simplify paperwork and procedures when an investor passes away. Higher limits for simplified documentation are suggested. Straight-through processing will be introduced for small claims. This aims to speed up the return of assets to survivors. The market has grown, and current limits need updating.Read More
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
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