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%.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while
October 29, 2026