Multiple people familiar with the fundraising told ET that the proceeds will be deployed to meet the capital needs of local companies seeking funds through a mix of either debt and equity, or through customised financing options.

Shrinkflation, or companies reducing pack sizes without lowering prices, also played a part in volume decline. Consumers paid 10.1% more per kilo for FMCG products during the period compared to a year ago while the pack size was reduced by 15% on average.

"Against a backdrop of sky-high inflation, rising rates, and growing recession concerns, the S&P 500 has had its worst start to the year since 1962," noted analysts at Goldman Sachs.That would be the biggest increase since 1994, and markets already have rates reaching an eye-watering 3.75-4.0% by the end of the year.

The survey showed investors are bullish on cash, healthcare, commodities and energy, while bearish on bonds, consumer discretionary, utilities, and equities.

The government appointed Anand Mahindra, Ravindra Dholakia, Venu Srinivasan as a part time non-official Directors on the Central Board of Reserve Bank of India on June 14.

In a circular, the RBI said it has come across instances where banks have not been strictly complying with extant instructions on assessment of commercial viability, ascertainment of revenue streams for debt servicing obligations and monitoring of end use of funds in respect of their financing of infrastructure/ housing projects of government-owned entities.

MictroStrategy, an aggressive investor in bitcoin, said it borrowed $205 million from crypto bank Silvergate Capital in March, with the three-year loan mostly secured against some 19,466 bitcoins.

The board of directors held a meeting on June 14, 2022 and approved issuance of non-convertible debentures aggregating up to Rs 2,000 crore on private placement basis, PNB Housing Finance said in a regulatory filing.

"The daily RSI is in a bearish crossover. The trend is likely to remain sideward in the short term. On the lower end, support is visible at 15,650. On the higher end, resistance is placed at 15,900/16,000,” said Rupak De, Senior Technical Analyst at LKP Securities.

While the last bear market of 2020 was mostly a so-called shock trade brought about by the Covid-19 pandemic, earlier ones in 2000 and 2008 took much longer to find a bottom and then recover losses.