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Overseas investors slowed Indian bond purchases in September, driven by caution over the rupee's significant fall. The rupee, Asia's worst-performing currency, hit a record low, eroding foreign portfolio returns. This led to a notable decrease in net inflows into fully accessible route government securities, reflecting investor concerns amid market uncertainties.
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Tata Capital's 15,512-crore IPO, the largest from the Tata group, will dilute promoter stake by 11.21%. The company will not seek further equity dilution for 2.5-3 years, as the capital raised and profits will fuel growth. The IPO is priced below unlisted shares to attract a broad retail investor base.
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The streaming giant is the last company to settle with the president after suspending his account in the wake of the 6 January attack in 2021.
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