No overseas investment if old lapses not fixed: RBI
The RBI is cracking down on corporates with unresolved ODI violations, setting an August 25, 2025 deadline. Companies failing to rectify past lapses face compounding or adjudication before making further foreign financial commitments. This move aims to address non-disclosure of financial details on old ODIs, potentially impacting future overseas deals if compliance isn’t addressed promptly.
RBI’s OMO buys get a strong response amid high prices
Bids offered for this OMO round were worth ₹1.32 lakh crore, against the notified amount of ₹50,000 crore. The Reserve Bank of India (RBI) has scheduled further bond purchases worth ₹75,000 crore for the month of May with an aim to quicken the pace of policy rate transmissions.
Will India-Pakistan conflict lead to a major stock market decline?
The BSE Sensex fell 0.2%, or 155.7 points, to close at 80,641, while the NSE Nifty-50 slipped 0.3%, or 81.55 points to end at 24,379. Adani Enterprises, Jio Financial, SBI Life, Trent, and Eternal were among the top Nifty losers.
Will Ather Energy overcome initial decline to achieve long-term growth?
The stock opened at ₹328 apiece on NSE, logging a 2.2% premium over the issue price. On BSE, the stock opened at ₹326.05, up 1.6%. It ended the circumspect trading session at ₹302.50, down 5.8% below the IPO price of ₹321 apiece.