Shayan Ghosh

Mumbai

Writer at Mint

Writer at @livemint, ex- @FinancialXpress. Tweets/ views are personal.

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Articles

HT Syndication: What drives the new corporate love for bond market

3 days ago | htsyndication.com | Anshika Kayastha |Shayan Ghosh

New Delhi, June 5 -- Top-rated companies are turning to the bond market as falling yields tempt, posing a challenge for lenders longing for a recovery in corporate borrowing. Two repo rate cuts so far this year and expectations of a third one this week have forced down bond yields. Adding to the mix is the surplus liquidity in the system. While banks have begun to reduce loan rates, the fall in bond yields has been far sharper.
What drives the new corporate love for bond market

3 days ago | livemint.com | Anshika Kayastha |Shayan Ghosh

Two repo rate cuts so far this year and expectations of a third one this week have forced down bond yields. Adding to the mix is the surplus liquidity in the system. While banks have begun to reduce loan rates, the fall in bond yields has been far sharper. In April alone, companies raised over ₹91,410 crore through private placement of bonds, data from the Securities and Exchange Board of India (Sebi) showed.
HDB Financial gets regulator's nod for ₹12,500-crore IPO | Stock Market News

4 days ago | livemint.com | Dipti Sharma |Shayan Ghosh

HDB Financial Services Ltd, owned by HDFC Bank Ltd, has received the capital markets regulator’s approval for a ₹12,500-crore initial public offering. The non-bank financier filed its draft red herring prospectus (DRHP) on 30 October, comprising a fresh issue of up to ₹2,500 crore and an offer for sale of up to ₹10,000 crore. The Securities and Exchange Board of India issued an observation letter to the lender on 28 May.
HT Syndication: HDB Financial gets regulator's nod for Rs.12,500-crore IPO

5 days ago | htsyndication.com | Dipti Sharma |Shayan Ghosh

New Delhi, June 3 -- HDB Financial Services Ltd, owned by HDFC Bank Ltd, has received the capital markets regulator's approval for a Rs.12,500-crore initial public offering. The non-bank financier filed its draft red herring prospectus (DRHP) on 30 October, comprising a fresh issue of up to Rs.2,500 crore and an offer for sale of up to Rs.10,000 crore. The Securities and Exchange Board of India issued an observation letter to the lender on 28 May.
HT Syndication: IndusInd board says it didn't know. Sebi thinks it did. Now what?

1 week ago | htsyndication.com | Shayan Ghosh |Neha Joshi

New Delhi, May 31 -- The market regulator's map of IndusInd Bank's derivatives fiasco appears to contradict its chairman's claim that the board was kept in the dark, raising questions about whether the board should be held accountable in such cases. On 21 May, IndusInd Bank chairman Sunil Mehta said the board was not informed of the derivatives discrepancies, and that it took swift measures when it came to know.
IndusInd board says it didn't know. Sebi thinks it did. Now what?

1 week ago | livemint.com | Shayan Ghosh |Neha Joshi

On 21 May, IndusInd Bank chairman Sunil Mehta said the board was not informed of the derivatives discrepancies, and that it took swift measures when it came to know. However, an investigation by the Securities and Exchange Board of India (Sebi) found that though the bank disclosed the matter to exchanges on 10 March, 2025, the board had hired KPMG as early as 29 January, 2024 to review the discrepancies revealed by an internal team.
Global threats pose risks to India's economic growth: RBI annual report

1 week ago | livemint.com | Shayan Ghosh |Anshika Kayastha

Mumbai: A rise in input cost pressures in the manufacturing sector, global protectionism in trade policies, geopolitical tensions and subdued demand pose risks to India’s economic growth, the Reserve Bank of India (RBI) said in a report on Thursday. RBI’s annual report for FY25 said India’s economic activity picked up pace in the second half of the last financial year on the back of an uptick in domestic demand, increase in exports of goods and services, and a buoyant agriculture sector.
Sword of Damocles over Vodafone Idea’s bank guarantees

1 week ago | livemint.com | Jatin Grover |Shayan Ghosh |Devina Sengupta

Fading hopes of securing relief on telecom companies' government dues has turned the attention to bank guarantees worth around ₹6,000 crore that Vodafone Idea Ltd, the weakest telco, has submitted to the government. On 19 May, the Supreme Court rejected petitions from Bharti Airtel Ltd and Vodafone Idea to waive some of the dues linked to their adjusted gross revenues (AGR).
HT Syndication: AGR upsetturns spotlight on Vi's bank guarantees

1 week ago | htsyndication.com | Jatin Grover |Shayan Ghosh |Devina Sengupta

new delhi/mumbai, May 28 -- Fading hopes of securing relief on telecom companies' government dues has turned the attention to bank guarantees worth around Rs.6,000 crore that Vodafone Idea Ltd, the weakest telco, has submitted to the government. On May 19, the Supreme Court (SC) rejected petitions from Bharti Airtel Ltd and Vodafone Idea to waive some of the dues linked to their adjusted gross revenues (AGR).
HT Syndication: Why two NBFCs are requesting easing of bond covenants

1 week ago | htsyndication.com | Neil Borate |Shayan Ghosh

New Delhi, May 27 -- Two non-bank financiers lending to small businesses have separately approached their bondholders, seeking relaxations on covenants that were part of their original agreements to raise funds. Ugro Capital and Aye Finance raised bonds worth Rs.49.28 crore and Rs.50 crore, in 2022 and 2024, respectively. The lenders have now requested bondholders to waive certain covenants, and the respective bond trustees have conveyed them to the investors.