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IIFL Finance to raise up to Rs 500 cr via NCD

Updated at : 2025-04-05 01:20:03

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IIFL Finance Ltd on Friday said it will raise up to Rs 500 crore through a public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) to fund growth.

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Markets regulator Sebi on Friday introduced a standardised format for system and network audit reports of market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories -- to enhance the audit efficiency.

The government s 2.83 per cent stake sale in Mazagon Dock Shipbuilders was over-subscribed by institutional investors on Friday who put in bids of about Rs 3,700 crore The government is selling 1.14 crore equity shares or 2.83 per cent stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share.

Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration s sweeping levies, escalating a global trade war.

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U.S. high yield corporate bond spreads surged to 401 basis points as of late Thursday, their highest since November 2023, as global markets swooned over fears that U.S. President Donald Trump s plan for import tariffs would kick off a trade war.

The recent tariffs introduced by President Donald Trump have increased the risk of higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. But ahead of Powell s speech on Friday, Donald Trump took to his Truth Social account to insist that his policy would not change despite the market reaction, and called on Powell to act.

IndusInd Bank s fourth-quarter loan growth dropped 5.2% and its deposit expansion remained flat from three months ago, the Indian private lender said on Friday, weeks after disclosing an accounting lapse in its derivatives portfolio.

Wall Street saw significant declines as the Dow, S&P 500, and Nasdaq all dropped sharply following new tariffs from China and increased U.S. tariffs under the Trump administration. Investors are increasingly worried about a potential recession and market volatility, seeking safer assets instead.

U.S. chip companies, banks, and oil majors experienced significant declines following China s retaliatory tariffs in response to Trump s export duties. The trade war escalated with additional tariffs and export controls, affecting supply chains, increasing prices, and decreasing demand across multiple sectors, including technology, natural resources, and agriculture.

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