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Oil prices saw a slight increase in early trading. However, trade talk uncertainties between the U.S. and China continue to weigh on the market. The prospect of OPEC+ potentially increasing supply adds to the gloom. Conflicting signals from Donald Trump and Beijing regarding trade progress are also impacting the market.
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But since corporate debt is fixed with a mark-up on the benchmark bond yield to account for individual risk exposure beyond the sovereign borrower, the effective borrowing rate has taken longer to trudge durably below the 7% threshold.
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Ather Energy plans to raise 2,626 crore through an IPO to fund expansion and R&D, while offering 355 crore in an offer for sale. Despite ongoing losses, Ather has shown volume growth with its new 'Rizta' model, increasing its market share.
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