Rajeev Misra, former SoftBank executive, is planning a significant investment in the Shapoorji Pallonji Group through his venture One Investment Management and a consortium of global funds. The funds will help refinance the group’s high-cost debt, leveraging their stake in Tata Sons.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows