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The Securities and Exchange Board of India (Sebi) will phase out 16 offices spread across the country as part of a restructuring exercise. These offices were opened between 2012 and 2018 when Sebi was headed by U K Sinha.

Bankers are wary of their decisions being questioned by vigilance and investigation agencies later, and want some assurance from the regulator before implementation of the circular. Lenders have held discussions with all stakeholders, including the government, soon after the circular was published, and want additional clarity before provisions are implemented.

The brokerage recommended a handful of stocks in the microcap universe such as Wonderla Holidays, Somany Ceramics, Greenpanel, Sansera Engineering, Fusion Micro Finance, Repco Home Finance, Nazara Tech, Tatva Chintan, Astra Microwave, Kewal Kiran and Gokaldas Exports.

The cutoff rate - the rate of interest paid to investors - was set at 7.74%, sources aware of the development said. The bonds have a call option 10 years from the allotment date.

The chairman of the Adani Group assured shareholders of the highest corporate governance standards. "The short-selling incident resulted in several adverse consequences that we had to confront," said Adani, 61. "Even though we promptly issued a comprehensive rebuttal, various vested interests tried to opportunistically exploit the claims made by the short-seller... These entities engaged and encouraged false narratives across various news and social media platforms."

​​This is a very highly underpenetrated sector with very-very high yields and when the cycle is right, you hardly get any credit cost. So I think from the cycle point of view, we have just started maybe we might not have reached even the middle of the cycle.

Foreign entity WWD Ruby Ltd has offloaded its entire 4.77% stake in Sapphire Foods India Ltd through the open market on Tuesday for Rs 417 crore.

When you are saying that return expectations, again I will come back to the horizon. So, if you think that over the next 12 months perhaps our return expectations need to be hunkered down, maybe you are right.

Debt servicing capacity of manufacturing companies measured by interest coverage ratio (ICR) moderated to 7.3 in 2022-23 from 8.4 in 2021-22 due to a rise in interest expenses. But the metric was significantly higher than the minimum viable value of 1.

Goswami Infratech, a company belonging to Shapoorji Pallonji group, has raised $1.74bn through the issue of zero-coupon bonds at a substantial yield of 18.75% for a period of two years and 10 months. The issue is rated BBB- by Care Ratings and has a put option at the end of December 2025