After yield surge, US Treasury expected to keep auction sizes steady

The U.S. Treasury is likely to maintain current auction sizes for the fifth consecutive quarter, but investors are keenly awaiting clues about future increases or potential near-term cuts. The focus is on any forward guidance changes that could impact markets. Treasury’s borrowing estimate for the second quarter is significantly higher than previously projected, influenced by […]

IndusInd Deputy CEO Khurana quits over accounting lapses

IndusInd Bank’s Deputy CEO, Arun Khurana, resigned amidst a Rs 1,959.98 crore loss from misaccounted derivative trades. This follows the bank’s announcement of corrective actions against responsible employees and a senior management overhaul. The losses, stemming from incorrect accounting of internal derivative trades, have raised concerns about internal controls and risk management, impacting investor confidence.

RBI to buy Rs 1.25-lakh crore govt bonds via OMO in May

The Reserve Bank of India announced it will purchase Rs 1.25 lakh crore government bonds in open market operations (OMO) in four tranches spread across May, the calendar likely aimed to drive down yields before the new 10-year auction is scheduled on Friday, treasury experts said.

Urban Company files DRHP for Rs 1,900-crore IPO

Urban Company, which provides mobile app-based beauty and home care services, will raise up to Rs 429 crore by selling new shares, while existing investors plan to offload stock worth Rs 1,471 crore.

IndusInd may slip into red in Q4 on derivative losses

On Sunday evening, IndusInd confirmed it would fully absorb the derivatives-related loss this quarter, following the conclusion of a board-mandated investigation into accounting irregularities in internal derivative transactions.

Is the white metal ready for a catch-up rally?

The gold to silver ratio – measured by dividing gold prices by silver – is at 100, the highest since Covid in 2020. It is also trading above its average levels for the current century of around 85 levels, according to data from Samco Securities. The gauge, which compares the prices of gold and silver, […]