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Kinara Capital, a fintech lender, faces financial challenges due to losses from unsecured loans, reporting a 350 crore loss in FY25. The company is seeking equity infusion and covenant waivers from lenders to address breached financial covenants on a significant portion of its debt.
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Foreign portfolio investors are requesting Sebi to extend their license tenure to five years and introduce a closing auction session for more accurate closing prices. They also seek exemptions from granular disclosures for large private funds and a review of the threshold for revealing the identities of ultimate beneficial owners.
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The Indian rupee closed nearly unchanged at 86.06 per dollar on Monday, despite initial weakness due to high crude oil prices and geopolitical tensions between Israel and Iran. A softer dollar index and likely RBI intervention limited the rupee's losses. Further weakening is expected due to ongoing geopolitical uncertainties, with traders closely monitoring developments in the India-US trade deal.
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