Indian bond traders have urged the Reserve Bank of India to intervene by purchasing government debt and adjusting auction rules to alleviate market pressure. They specifically requested open market operations and a shift to uniform pricing at auctions to lower borrowing costs and boost investor confidence amid elevated yields and tight liquidity.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000