Rating agencies to zoom in on IPO funds’ end-use

MUMBAI: Monitoring the end-use of IPO proceeds is set to become more stringent, with the regulator likely to allow rating agencies to directly update stock exchanges with data on compliance with end-use norms by the companies.Currently, Sebi mandates equity issuers to appoint a credit rating agency to monitor most equity issues, excluding offer-for-sale where the…

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RBI revises priority sector norms to include NCDC

MUMBAI: RBI has revised its priority sector lending norms allowing lending to the National Cooperative Development Corporation to qualify as priority sector loans, with the objective of expanding credit to cooperative societies while tightening compliance and reporting requirements for banks. The move is expected to open new channels of credit for cooperatives, particularly those engaged…

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LTIMindtree revenue rises 6.1% to $1.2bn

BENGALURU: LTIMindtree reported revenue of $1.2 billion for the Dec quarter, up 2.4% sequentially and 6.1% year-on-year. In constant currency terms, the company posted a 2.4% QoQ growth and a 5.2% increase YoY. The company’s operating margin rose to 16.1% in the Dec quarter, up from 15.9% in the Sept quarter and 13.8% in the…

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India Inc gears up to deal with sanctions risk

NEW DELHI: A volatile geopolitical environment and global supply-chain disruptions are pushing India Inc to rethink its risk priorities. Sanctions risk has emerged among the top business threats, prompting domestic companies to increasingly seek assistance from legal and accounting firms to manage its immediate and disruptive impact. For companies, sanctions exposure is no longer a…

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Silver spot price tops Rs 3L/kg mark

HYDERABAD: Silver extended its rally on Monday, crossing the Rs 3 lakh-per-kg mark for the first time on the MCX. The March contract hit an all-time high of nearly Rs 3.1 lakh, continuing a surge that began in 2025 and has carried into 2026.In Delhi, spot silver prices were quoting at Rs 3,04,500 as against…

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IMF raises FY26 growth forecast to 7.3% from 6.6%

NEW DELHI: The IMF on Monday raised India’s GDP growth estimates for 2025-26 to 7.3% from the earlier projection of 6.6% due to strong third and fourth quarter expansion. The latest estimate is slightly below the 7.4% growth projected by the country’s statistics office for the current fiscal year that ends in March and matches…

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