Business

Sovereign Gold Bond (SGB) investors who purchased bonds between 2019 and 2021 can now apply for premature redemption in June 2026. The Reserve Bank of India has opened redemption windows for five specific bond tranches, requiring investors to submit requests within strict timelines to avoid rejection.

Sebi has proposed allowing road InvITs to add back major maintenance expenses funded by external debt when calculating Net Distributable Cash Flow (NDCF). This move aims to address industry concerns about reduced distributable cash, as these expenses, though crucial for asset longevity, cannot be capitalized. The proposal, following industry representations, requires unitholder approval and extensive

The rupee weakened by 34 paise to 95.19 against the US dollar on Monday, impacted by escalating US-Iran tensions, soaring crude oil prices, and a stronger dollar. Global risk sentiment soured due to West Asia concerns. Analysts anticipate continued negative bias for the rupee, with a trading range of 94.60-95.30.

Indian markets shrugged off rising oil prices due to US-Iran tensions, as tech giants like Nvidia propelled stocks near record highs. Strong corporate earnings, particularly from Science Applications International Corp., also bolstered investor confidence. Despite concerns about market concentration, the tech surge continues to drive Wall Street’s optimism.

Provisional data from the Controller General of Accounts indicates the Centre met its 4.4% of GDP fiscal deficit target for 2025-26, an improvement from the previous year’s 4.8%. Government revenue reached 98.8% of revised estimates, while total expenditure also stood at 98.8% of the revised target for the financial year.

India and the UK are set to discuss contentious steel safeguard measures and the proposed Carbon Border Adjustment Mechanism (CBAM) this week, posing significant hurdles to their free trade agreement. New Delhi is concerned about reduced steel import quotas and potential carbon taxes impacting exports, hinting at possible retaliatory measures.