Business
SP Group weighs Rs 3,500 crore debt repayment options
SP Group will decide whether to raise ₹3,500 crore for repayment or request for additional time to meet the repayment deadline, the people said.
Read more: Nifty may rebound to 23,800; Rupak De picks Apollo, Laurus Labs and Eternal for the week
Given a clear exit path for SP Group lenders through listing of Tata Sons, lenders would be receptive for an extension of the September 30 payment timeline, said people familiar with the developments. SP Group had raised ₹28,500 crore through NCDs in May 2025, at Porteast, which were backed by a pledge of a 9.2% stake in Tata Sons. The bonds were originally priced at 19.75%.
The refinancing comes as Shapoorji Pallonji Group’s debt investors gain greater visibility on a potential value-unlocking event at Tata Sons following the Reserve Bank of India‘s rejection of Tata Sons’ application to voluntarily surrender its core investment company registration.
Read more: Inside NSE IPO journey: Why India’s largest exchange took 10 long years to reach Dalal Street
SP Group had raised about ₹15,200 crore through three-year rupee-denominated zero-coupon bonds issued by Eqyizen Investment at a yield of 18.95%, alongside a $650 million bond issued by Mercury Finance at 14.5%. The instruments were raised largely against the group’s Tata Sons holding. Funds raised at the Eqyizen level were used primarily to refinance about ₹16,500 crore of rupee bonds at Goswami Infratech.This request from SP Group would follow the regulatory rejection of a Tata Sons request for de-registration as an NBFC.
Investor demand for SP Group debt has improved, with recent trades tightening and investors indicating that the earlier 18%-19% IRR reference level is no longer relevant following positive developments around Tata Sons, people familiar with the matter said.
Apart from Porteast, Equizen financing also carries a deleveraging covenant requiring repayment of at least ₹13,500 crore within 24 months of issuance.
Business
Gold slips as hotter US inflation lifts Fed hike bets, oil stokes price pressures

Gold slips as hotter US inflation lifts Fed hike bets, oil stokes price pressures
Business
Enhertu shows progression-free survival benefit in lung cancer trial

Enhertu shows progression-free survival benefit in lung cancer trial
Business
SK Hynix trapped in Ichimoku cloud near VWAP: Live levels

SK Hynix trapped in Ichimoku cloud near VWAP: Live levels
Business
KQQQ: Why I’d Own This Over QQQI Right Now (NASDAQ:KQQQ)
Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in KQQQ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
ClearBridge International Growth Fund Q2 2026 Commentary
ClearBridge International Growth Fund Q2 2026 Commentary
Business
Microsoft CEO says superintelligence must ‘help humanity’
CFRA Research Senior Vice President Angelo Zino joins ‘Making Money’ to discuss Microsoft stock as CFRA raises its price target to 550.
Microsoft CEO Satya Nadella said Sunday that the pursuit of superintelligence — AI technology that could surpass humans across virtually every cognitive task — should focus on “helping humanity” and remain under “human control.”
In a post on X, Nadella called for broader AI adoption through what he described as a “frontier ecosystem” where both closed- and open-source AI models can “thrive” across countries, communities and businesses.
“Any pursuit of superintelligence has to be grounded in the core principle that if the AI we build is not helping humanity and under human control, it’s not worth pursuing,” Nadella wrote. “We also need to accelerate and spread the benefits of AI, such that they are diffused broadly across countries, communities, and companies. This requires a frontier ecosystem in which both closed and open-source models can thrive.”
BILL GATES OUTLINES THE STAKES OF THE AI ERA: ‘GREATEST EQUALIZER… OR WORST SOURCE OF INJUSTICE’

Microsoft CEO Satya Nadella said Sunday that the pursuit of superintelligence must remain focused on “helping humanity” while staying under “human control.” (Fabrice COFFRINI / AFP via Getty Images)
He added that organizations should be able to build AI systems using their own data rather than becoming dependent on a single model provider.
“For firms, it’s imperative that they retain full control over their unique and tacit knowledge,” Nadella wrote. “Every organization should be able to build its own continuous learning loop/hill climbing machine, without becoming dependent on any one model provider, and have the ability to embed its own knowledge into models and weights they control.”
Nadella called for a deliberate approach to AI development, saying Microsoft supports concepts such as “embedded evaluators.”
“So, in this context, we welcome the research, focus, and deliberate pacing needed to get alignment right as the design goal,” he said. “We also welcome ideas like ‘embedded evaluators’ and the broader efforts to develop the mechanisms to make this more than just talk.”
NVIDIA, MICROSOFT URGE US TO AVOID BROAD RESTRICTIONS ON OPEN AI MODELS

Nadella also said advanced AI development should not be controlled by a handful of companies. (Craig T Fruchtman/Getty Images)
Nadella also said advanced AI development should not be controlled by a handful of companies.
“The key is that this cannot be controlled by a handful of entities, but must have broad representation across the ecosystem, countries, and fields, including academia,” he said.
“This is the approach we are taking: broad access and choice at every layer of the AI stack; enterprise control of learning loops and models; and the ‘Code of Conduct’ that underlies our own first party MAI models that we’ll publish tomorrow for public consultation.”
His comments come as debate intensifies over the rapid pace of AI development and the risks posed by increasingly capable systems.
MICROSOFT CEO HAS A WARNING ABOUT THE AI RACE

Anthropic CEO Dario Amodei said that there are “real dangers” associated with AI development. (Anna Moneymaker/Getty Images)
“I won’t lie to you – there are real dangers,” Anthropic CEO Dario Amodei said in an interview with CBS News. “And I think for too long the industry lied to people about the fact that this technology had risks.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Last week, former Anthropic researcher Jacob Coxon warned on social media that Anthropic and OpenAI are “gambling with our lives” by pursuing self-improving superintelligence, adding that AI has a greater than 10% chance of “kill[ing] all humans” within “the next decade.”
FOX Business’ Robert McGreevy contributed to this report.
Business
Nikkei 225 nears 62,500 breakdown in bearish trend: Live levels

Nikkei 225 nears 62,500 breakdown in bearish trend: Live levels
Business
Elliott gets its wish as Cutifani leaves Woodside for Northern Star
Mark Cutifani has abruptly quit as a Woodside director after six months, in a move announced on the same day he was appointed to the Northern Star Resources board.
Business
Shares skid in Asia as oil rises, rate hikes loom

Shares skid in Asia as oil rises, rate hikes loom
Business
Trump dismisses report China entities helped Iran before attack that killed US troops

Trump dismisses report China entities helped Iran before attack that killed US troops
-
Tech6 days agoMemory prices are slowing because buyers ran out of money
-
Tech13 hours agoThe Latest Weird Thing to Play Doom Is the Mapped-Out Brain of a Fruit Fly
-
Business4 days agoMicron Stock Climbs Above $1,031 as AI Memory Crunch and a $50 Billion Outlook Fuel the Rally
-
Business4 days agoAMD Stock Climbs After Management Lifts 2027 Data Center Outlook Toward $70 Billion in AI Sales
-
Crypto World5 days agoBitcoin price risks $76K drop as $78K support weakens
-
Fashion2 days agoWeekend Open Thread – Corporette.com
-
Crypto World5 days agoRobinhood Stock: How To Take Advantage With Reduced Risk
-
Crypto World3 days agoXAG/USD: Silver’s Short-Term Rally Meets Its Moment of Truth
-
Crypto World5 days agoEthereum price stalls below $2,500 as ADX drops to 11
-
Crypto World3 days ago2 Chip Stocks Broke Out This Week. Neither Was Nvidia
-
NewsBeat5 days agoEngland up in reading, maths and science rankings as Scotland and Wales dip
-
Crypto World3 days agoOKX launches 10x OpenAI, Anthropic X-Perps in Europe
-
Business3 days ago10 Most-Streamed Songs On Spotify In 2026 So Far, Led By Ella Langley’s Dominant Run On The Charts This Year
-
Crypto World3 days agoDiesel Tops $6 a Gallon for the First Time as 28 States Set Records
-
Tech3 days agoBattery life is the only iPhone 18 Pro and iPhone Duo upgrade I care about. Apple didn’t disappoint
-
Crypto World5 days agoIntel Stock Jumps 9% on Chip Price Hike Report, US Stake Gains $36 Billion
-
Tech4 days agoApple Watch Ultra 4 vs Watch Ultra 3: Should you really spend another $799?
-
Crypto World4 days agoBitcoin price risks $70K if $78K neckline breaks
-
NewsBeat5 days agoWhat went right this week: an ‘historic’ fall in violent crime, plus more
-
Crypto World4 days agoPi Network ships Protocol 27 on a network with 14 million users and zero DeFi

You must be logged in to post a comment Login