SEBI Chairman Tuhin Kanta Pandey announced the regulator s commitment to resolving issues hindering the National Stock Exchange s IPO launch, focusing on governance, technology, clearing corporation matters, and ongoing litigations. NSE aims for transparency and accountability through the IPO, potentially exceeding Hyundai s record for the largest public issue, with an expected size of Rs 30,000 crore if 10% equity is sold.

Corona Remedies, an Indian pharmaceutical company, has filed preliminary documents with SEBI to launch an Rs 800-crore IPO. The IPO consists entirely of an offer for sale by promoters and existing investors like Sepia Investments, Anchor Partners and Sage Investment Trust. The company focuses on developing, manufacturing, and marketing pharmaceutical formulations across various therapeutic areas, including women s healthcare and cardio-diabeto.

Despite the RBI s 50 bps repo rate cut and liquidity infusion, a significant portion of borrowers haven t benefited due to reliance on MCLR-linked loans. MCLR remained unchanged at 9% in April, particularly affecting public sector borrowers. Banks deposit costs and competition for funds are hindering faster transmission of rate cuts, impacting net interest margins.

High gold prices significantly impacted Akshaya Tritiya sales, with volume declining by an estimated 30% nationwide. While overall gold sales volume decreased, value increased by 15-20% due to soaring prices, reaching ₹98,469 per 10 grams with GST. South India showed stronger demand, particularly for plain gold and diamond jewellery, contrasting with muted demand in other regions.

Following CEO Sumant Kathpalia s resignation amid derivatives portfolio discrepancies, the RBI has approved IndusInd Bank s interim "committee of executives," including Soumitra Sen and Anil Rao, to manage daily operations. This committee will function under board oversight until a new CEO is appointed or for a maximum of three months.

Credit demand at mainstream lenders slowed to 12% in FY25, down from 16% the previous year, influenced by regulatory curbs on retail and unsecured lending. While most sectors experienced a slowdown, loans to industry remained stable. Notably, lending against gold surged due to rising prices, and renewable energy saw significant growth.

IndusInd Bank faces turmoil as CEO Sumant Kathpalia resigns after the bank absorbs significant losses from incorrect accounting practices in its derivatives book. The discrepancies, revealed in March, raised concerns about corporate governance and audit oversight.

India s gold demand witnessed a 15% drop in the March quarter due to surging prices, with jewellery sales particularly affected. Despite this, investment demand remained strong, fueled by interest in gold ETFs and digital gold. Retailers remain optimistic, anticipating overall demand to stay between 700-800 tonnes for the year, supported by increased gold imports.

Bajaj Finance shares tumbled 5.3% to close at ₹8,613.5 while Bajaj Finserv dropped 5.6% to close at ₹1,951 on Wednesday. Benchmark Nifty Index ended nearly flat on Wednesday.