The bond carries an initial price guidance of 98.625, or a 6.812% yield. Both the issuer and the bond s issue ratings were upgraded to BB+ by S&P on March 17, with a stable outlook.

The former Indiabulls-owned plant was de-notified as a special economic zone (SEZ) and the resultant customs claims have now been admitted under the head of operational creditors, absolving any future liabilities worth ₹635 crore for the bidders.

The 3.5-year senior secured bond is structured under the dual format of Reg S and Reg S 144A. Under this format, securities that are sold outside the US without registration with the US regulators can be resold in the US.

Tyre maker CEAT is seeking to strengthen its play in the premium ultra-high performance and luxury four-wheeler segment that is expected to significantly grow in the next three to five years

Crisil refrains from placing IndusInd Bank on ratings watch but awaits the external agency s report to gauge the discrepancies in the derivatives portfolio. Despite expected one-time impact, the bank s pre-provisioning operating profitability and capital adequacy appear robust. Moody s reviews the bank s Ba1 rating due to internal control concerns.

RBI Governor Sanjay Malhotra advises urban cooperative banks to boost depositor trust, enhance customer service, and ensure resilience against IT and cyber risks. The RBI reaffirms its support for UCBs while highlighting the importance of their responsibilities towards depositors, emphasized during a meeting with industry bodies.

Foreign insurers are retreating from India, despite regulatory reforms easing ownership rules. Challenges in scaling without strong local partnerships and high operational complexity remain deterrents. Recent exits include Allianz Group, while Zurich Insurance has expanded its presence, highlighting mixed investor responses.

The brokerage s shares will trade on domestic bourses for the last time on Friday. As part of the scheme of arrangement, ICICI Bank will issue 67 shares for every 100 equity shares of ICICI Securities held by shareholders.

All three indices are up between 4.7% and 5.2% in the last three days, against the 2.25% upmove in the benchmark Nifty 50. The nervous sentiment in the domestic market has eased of late, tracking the improved mood globally, also with selling by foreign investors subsiding.

But there was substantial disagreement among policymakers about the appropriate path of policy, reflecting uncertainty over how the Trump administration s trade and other policies will play out in the real economy, and how the Federal Reserve should respond.