PFC raises $300 million through five year dollar bond
Power Finance Corp successfully raised $300 million in international bonds, marking India’s second such issuance since the RBI’s special swap arrangement. The five-year bond was priced at 105 basis points above US treasuries, attracting a substantial order book. This move capitalizes on the RBI’s 1.5% fixed-rate swap for external borrowings, with other major Indian banks […]
RBI MPC: Growth rate could top 7% if oil prices fall further
The MPC members had voted for a status quo in the June policy, citing resilient growth and the need to assess inflation impact while stating that the MPC would closely monitor incoming data. The Reserve Bank of India has projected FY27 growth at 6.6% in the June policy, while the economy expanded at 7.7% in […]
RBI Governor asks banks to treat MSMEs as growth partners
RBI Governor Sanjay Malhotra urged banks to embrace digital transformation and view MSMEs as vital partners, not just compliance. Speaking at International MSME Day, he stressed investing in technology, R&D, and innovation for entrepreneurs. Malhotra highlighted the need for financial institutions to leverage digital infrastructure like Account Aggregator and ULI for efficient, data-driven credit.
Kirloskar Oil hits the upper circuit, but upside may be limited here on
Kirloskar Oil Engines shares surged to their daily limit following a substantial order from data-centre firm HyperNext for 192 megawatts of power systems. Analysts see this deal as a significant validation of the company’s capabilities, potentially boosting its market share in high-horsepower segments. While near-term gains might be tempered by the recent rally, the stock […]
Binance tightens rules for India users, falls in line
Binance, the world’s largest crypto exchange, is now requiring Indian users to provide more details for every crypto deposit and withdrawal. This move aims to enhance transaction traceability and address concerns from regulators about potential misuse of virtual digital assets for circumventing foreign exchange rules. The new procedures, effective June 22, 2026, demand information on […]
RIL’s call to list Jio Platforms could unlock up to 35% value
Reliance Industries shares surged as investors anticipate significant value from the upcoming Jio Platforms IPO, alongside advancements in AI and new energy ventures. Brokerages foresee substantial stock upside, with the Jio IPO expected to offer clearer insights into its growth and profitability. The company’s ambitious plans, including an AI plant and scaling new energy, are […]