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India's Goswami Infratech, a Shapoorji Pallonji Group unit, is set to complete a 250 billion rupee bond issue by end-January to refinance existing debt. The two-year zero-coupon bond will be secured by the group's stake in Tata Sons. This potential issuance aims to diversify funding sources and secure a lower coupon than its previous bond.
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The BBC understands there have been "conversations" within government about the possibility of a new levy on EVs.
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Orkla India shares listed at Rs 750, about 2.7% above the issue price, before slipping below IPO levels. Analysts say the flat debut offers a good entry point for long-term investors, citing strong brands like MTR and Eastern, steady growth, and rising demand for packaged foods.
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