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%.
Gold heads for weekly loss amid oil-driven inflation concerns
Gold prices held steady Friday, but a weekly dip was likely as soaring oil prices fueled inflation concerns, impacting interest rate expectations. Meanwhile, geopolitical tensions