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The fundraise comes as Hero FinCorp s planned ₹3,668 crore IPO faces delays in receiving regulatory approvals, slowing its capital raising plans. "The dollar loan is being raised to support the company s loan business," a source said. "It has mandated DBS Bank to syndicate loan, which has started road shows in Taipei."

The CoC vote concluded on April 21, 2025, after multiple extensions. Howen emerged as the top bidder in a process initiated through a Swiss challenge in 2022 following an unsolicited equity bid.

The largest cryptocurrency rose about 3% before trimming some gains to exchange hands at $93,804 at 7:28 a.m. in London on Wednesday. Smaller tokens including Ether, XRP and Solana also rose.

Given the US economy is likely to slow longer term, there is value in US bonds at these levels, he added. Pimco call indicates investors may be beginning to see the worst of rout as over, after a "sell America" trade took markets by storm over past month and threw haven status of Treasuries into question.

A regional gauge of stocks swung between small gains and losses as market enthusiasm got curbed after Treasury Secretary Scott Bessent cast doubt on a timely resolution to the US-China trade war. That trimmed the S&P 500’s gain to 1.7% while the Nasdaq 100 rose 2.3%. The yen reversed two days of losses and the dollar weakened in early Asian trade.

Domestic markets closed higher amidst volatility, with several companies in focus due to Q4 results and news developments. LTIMindtree reported a rise in net profit and revenue, while Bajaj Housing Finance saw a significant profit jump. Adani Green secured a power purchase agreement, and Tata Consumer Products reported a substantial increase in consolidated net profit.

Nifty s rally extended for the seventh day, reaching a 4-month high, fueled by sustained FII buying and positive global cues from the US. Analysts anticipate continued upward movement in the Indian market, supported by ongoing buying interest and favorable domestic factors, while closely monitoring US tariff developments.

The NSE Nifty gained 0.67%, or 161.7 points, to finish at 24,328. The BSE Sensex moved 0.65% or 520.9 points higher at 80,116. Both indices have surged over 8.3% each in the past seven trading sessions. This is their longest winning run in a month.

The Nifty IT index shot up 4.3% - posting its biggest single-day gain in 10 months. HCL surged 7.74%, followed by Coforge, Oracle Financial Services Software, LTI Mindtree and MPhasis, which ended 5-6.4% higher. The surge in IT stocks helped the benchmark Nifty close 0.67% higher on Wednesday.

RBI had lowered the repo rate by 25 basis points for the second time in a row to 6% and changed its stance to accommodative from neutral on April 9. He hinted at further rate cuts by adding that "going forward too, considering the evolving growth-inflation trajectories, monetary policy needs to be accommodative."