Standard Chartered Bank has settled a case with market regulator Sebi. The bank agreed to pay Rs 57 lakh for alleged lapses as a designated depository participant for foreign portfolio investors. Sebi found failures in monitoring FPI disclosures and reporting changes in beneficial ownership. Delays in processing investor grouping updates were also noted. The settlement resolves multiple compliance issues.Read More
India’s IPO boom is increasingly funding debt repayment over growth initiatives. Data reveals that nearly a quarter of funds raised in recent share sales are allocated to paying off borrowings, surpassing capital expenditure. This shift suggests companies are prioritizing balance sheet repair and liquidity for insiders rather than investing in new projects.Read More
India’s banking system liquidity surplus narrowed to ₹75,483 crore due to advance tax outflows and forex market interventions. This pushed money market rates up, prompting the RBI to conduct a repo operation. Economists estimate the RBI sold over $15 billion to support the rupee.Read More
JSW Steel’s unit, JSW Kalinga Steel, is raising approximately ₹9,500 crore via unsecured, zero-coupon bonds to finance its joint venture with JFE Steel for the Bhushan Power & Steel business. The five-year non-convertible debentures, rated AA, will be redeemed at a premium, implying yields of about 8.5%.Read More
Hyperscalers are expected to significantly increase debt issuance this year to fund massive data center expansions for AI. Following Amazon’s substantial bond sale, analysts predict continued high levels of borrowing, with forecasts for 2026 now reaching $175 billion. This surge in debt reflects strong investor demand for these tech giants.Read More
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