OCBC has priced £1 billion of covered bonds due in 2029 under its $10 billion Global Covered Bond Programme, with proceeds earmarked for general corporate purposes as the Singapore lender diversifies its funding base.
Despite muted foreign flows and persistent geopolitical uncertainties keeping a lid on the broader market, corporate earnings have remained encouraging and several manufacturing segments are showing signs of stronger growth ahead.
Goodluck India in July announced its maiden bonus issue in the ratio of 2:1. Under the proposal, eligible shareholders will receive two bonus equity shares of face value Rs 2 each for every one equity share held as of the record date, which will be announced separately.
The thermal engineering and specialised cable manufacturer is looking to raise Rs 650 crore through the IPO, which will remain open until August 24, 2026. The issue comprises a fresh issue of 32 lakh shares worth Rs 95 crore and an offer for sale (OFS) of 1.85 crore shares worth Rs 555 crore.
The Indian rupee closed at a three-week low of 95.75 on Wednesday. Substantial central bank interventions prevented further losses for the local currency. The RBI has consistently intervened for nine trading sessions, arresting rupee weakness. This action occurred as oil prices continued to soar significantly. Indian equity indices also fell, reflecting the impact of soaring energy costs.
The US Treasury will double its buyback operations for long-dated government debt. This move aims to provide liquidity and ease rising bond yields for investors. The increased buybacks will apply to securities maturing between ten and thirty years. This action follows a sharp bond selloff which pushed yields higher. The Treasury seeks to manage market pressures and borrowing costs effectively.
BSE has partnered with MSCI to explore futures and options contracts linked to MSCI indexes in India, subject to regulatory approvals. The move could broaden BSE’s derivatives offerings, strengthen index-based investing and provide investors additional tools to hedge India exposure.
Shiprocket debuted on the NSE at ₹131, a 35% premium, closing at ₹143.10. Goldman Sachs India EQ Portfolio acquired 40.24 lakh shares post-listing. Analysts advise investors to book partial profits while holding remaining shares for long-term growth.
US stock futures edged higher after a tech-led selloff, as investors monitored Iran tensions and key retail earnings for clues on consumer health.
Sebi’s interim order alleges Dhenu Buildcon routed Rs 1,000 crore through connected entities as loans, later converting Rs 840 crore into equity. Despite negligible revenue, its market cap surged to Rs 4,925 crore. The regulator ordered restrictions while investigations continue.
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