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SoftBank reported a net loss of 970 billion yen ($7.18 billion) after a sell-down of its stake in Chinese e-commerce giant Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund unit.

The US dollar climbed this week, with investors speculating that the Federal Reserve will continue to hold off on interest rate increases because of a slowing US economy. The dollar index, which measures the US currency against six rivals, slipped back slightly to 102.02, still close to the 102.15 peak on 2 May. Markets are predicting a 98% probability that the Fed will not adjust interest rates in its June meeting, but have priced in significant rate cuts by the end of 2019.

The near-term buoyancy in the equity markets have been supported by FIIs turning buyers of Indian equities after being sellers for most of FY23.

​On the Futures Short Position Scans today, it has come to light that 5 names from the IT pack witnessed New Short position.​

This will be the first bid by the group to raise funds after having scrapped the $2.5-billion Adani Enterprises follow-on public offer (FPO) in February in the wake of the Hindenburg Research report. The fundraise will be a primary equity infusion that will be used for debt payment and long-term capital expenditure, said the people cited above.

Housing Development Finance Corp (HDFC) is in talks with asset reconstruction companies to offload loans of about INR2,000 crore extended to developers ahead of its merger with HDFC Bank. These loans are spread across 7-8 accounts, including advances to the local owners of Radisson Blu properties, two sources told ET. A spokesperson of HDFC did not respond to an email query, while Alvarez and Marsal and Omkara ARC refused to comment. Some loans may include non-performing assets, while others may be stressed but not yet declared as NPAs.

Tata Sons Chairman N Chandrasekaran has instructed CEOs to focus on sustainability, the supply chain, and speed to generate growth in operating Tata companies. With a well-capitalized portfolio, Chandrasekaran said the 400 CEO and CXO attendees at the annual off-site meeting in Goa should be directing their energies to capturing growth opportunities within their respective sectors. At the meeting, he highlighted that the group has strengthened its balance sheets, built healthy cash flows and urged attendees to now chase growth and scale while using AI as a business enabler, not a threat.

Nabard, whose bonds are often considered as pricing reference points in the corporate debt market, had planned an issuance with a base size of ₹2,000 crore and a greenshoe option worth ₹3,000 crore.

Maruti Suzuki is planning to double its production capacity to four million vehicles per year by the end of the decade, with an investment of more than $5.5bn. This will increase local market share and boost exports by commissioning eight assembly lines with an annual capacity of 250,000 units each across two new facilities, with construction having started for the first unit at Kharkhoda in Haryana. One million of the units planned will come from exports and OEM sales with the remaining capacity planned to enable Maruti Suzuki to get back to 50% market share, up from 41% last fiscal year.

Disbursements in the housing finance business grew 36% year-on-year to ₹1,790 crore. The housing finance loan book grew 14% year-on-year to ₹13,808 crore as of March 2023.