India’s bond rally has ended, compelling Hudco and Bajaj Finance to withdraw bond sales due to elevated yields. Government bond yields surged to a five-month high following GST structure rejig fears and a shift in monetary policy. This has increased borrowing costs for state governments and corporations.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO