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The NSE's long-awaited IPO faces continued delays due to unresolved regulatory concerns raised by Sebi, including the co-location case and technology infrastructure issues. Despite NSE's efforts to address these concerns and seek resolution through settlements, the IPO's future remains uncertain, pending Sebi's approval and the outcome of ongoing investigations. NSE is actively traded in the unlisted market.
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News and Media
Oil prices saw a significant increase. This happened after OPEC plus countries decided to increase oil production. The increase was less than expected. Geopolitical tensions involving Ukraine and Iran also contributed. OPEC plus agreed to a daily supply increase for July. However, some members like Russia had reservations. Banks are divided on future production hikes. Brent crude prices also increased.
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News and Media
Lendingkart Finance, backed by Temasek, faced losses before tax in 2024-25, breaching a covenant on its 75 crore bonds. The company is seeking a waiver from bondholders, who are likely to grant it given the guarantee from Lendingkart Technologies and Temasek's increased stake. Despite the losses and a shrinking loan book, investors are comforted by Temasek's commitment and past investments.
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