India introduces first-ever 50-year bonds

29 Sep 2023 CW Team

The Reserve Bank of India, in a borrowing plan released, stated that the new bond had been introduced, thereby extending the nation's yield curve, in addition to the 30-year and 40-year tenor debt previously sold. India's $ 1 trillion sovereign debt market is undergoing significant changes due to the burgeoning life insurance and pension fund industries, fuelled by a growing middle class. This shift is reducing the government's reliance on bank purchases to fund its record borrowings, a move supported by the strong demand from investors. Gaura Sen Gupta, an economist at IDFC FIRST Bank, noted in a statement that the robust investor demand could be attributed to the formal sector's expansion, where households are allocating a higher share of financial savings in life insurance, pensions, and provident funds. The authorities are striving to increase the tenure of debt sold. This initiative is fuelled by the anticipation of declining yields following India's inclusion in JP Morgan Chase & Co.'s emerging market index.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..