Mumbai: IIFL Finance has raised $500 million by selling international dollar bonds to investors across the world in an issue which was priced on Wednesday. The 3.25 year issue was priced at 7.6% after building an order book of close to $2 billion from large institutional investors.

This is the first dollar bond issued out of India since January this year when ReNew Energy raised $600 million by issuing a five year bond. Since then though geopolitical volatilities more particularly due to the US-Israel attack on Iran has meant that the high overseas yields were beyond the expectations of Indian companies looking to raise funds from abroad.

Nirmal Jain, founder and managing director at IIFL Finance said the successful issue comes at a time of heightened volatilities, pressure on the rupee and capital outflows from India.

“It’s a positive thing at a time when there has been no issue from India for a long time. This is also the first social issue from IIFL Finance. The proceeds of this issue will be used to lend to economically weaker sections of society which includes MSMEs, gold loans and loan against property,” Jain said.
Prathamesh Sahasrabudhe, MD & Head, Capital Markets, India, Standard Chartered Bank said, “This marks the market reopening dollar bond transaction for Indian issuers since the onset of the West Asia crisis.

A woman was arrested at Walt Disney World‘s Contemporary Resort in Florida, after deputies say she threw multiple glasses of water at a restaurant manager, allegedly grabbed another manager by the shoulders and snatched a cast member’s name tag during a dispute over seating arrangements.

Leslie Helen Varley, 57, was arrested and charged with two counts of battery, robbery by sudden snatching and criminal mischief, according to an Orange County Sheriff’s Office arrest affidavit reviewed by FOX Business.

The incident happened May 19, at Steakhouse 71 inside Disney‘s Contemporary Resort.

According to the affidavit, restaurant manager Jessica Lee Brunk told deputies she was helping a large party that became upset after learning the group could not all be seated together. Brunk said the conversation was cordial until staff informed the party that tables could not be moved.

DISNEY WORLD REVIVES ‘LADIES AND GENTLEMEN’ GREETING AFTER YEARS OF GENDER-NEUTRAL MESSAGES

That’s when Varley allegedly grabbed Brunk by both shoulders and moved her about six steps, the affidavit states.

A second manager, identified in the report as John Kevin Ortiz, then stepped in to assist. Ortiz told deputies Varley became irate and threw three glasses containing water and ice at him. All three glasses struck the front of his body, according to the affidavit.

Ticker	Security	Last	Change	Change %
DIS	THE WALT DISNEY CO.	99.39	-2.02	-1.99%

Deputies said Varley then approached Ortiz and snatched his Disney name tag from the left side of his suit jacket before walking away from the restaurant.

Ortiz followed Varley to the front desk to retrieve the name tag. During the confrontation, Varley allegedly dropped and broke four glasses valued at about $20, according to investigators.

DISNEY WORLD HONORS WORLD WAR II VETERAN’S BIRTHDAY WITH MOVING FLAG RETREAT CEREMONY

Neither manager reported visible injuries and both declined medical treatment at the scene, the affidavit states. Both told deputies they were willing to prosecute.

When questioned by deputies, Varley admitted she became upset after a comment was allegedly made about her disabled daughter touching a cast member, according to the affidavit.

Varley told investigators she threw a glass of water at Ortiz before throwing two more. She also acknowledged taking his name tag, telling deputies she wanted to photograph it because she was upset and intended to report him.

According to the affidavit, Varley said Ortiz did not give her permission to remove the name tag, though she claimed she returned it shortly afterward.

Deputies issued Varley a trespass warning from the property and advised her she could be arrested if she returned.

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Based on statements from the victims and Varley’s own admissions, deputies arrested her on two counts of battery, one count of robbery by sudden snatching and one count of criminal mischief involving less than $200 in damage, the affidavit states.

A representative for Walt Disney Parks did not immediately respond to FOX Business’ request for comment.

By Jennifer Nash

The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change

Operator

Good day, and welcome to Petco’s First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Roxanne Meyer, Vice President, Investor Relations and Treasury. Please go ahead.

Roxanne Meyer
VP, Head of Investor Relations & Treasury

Good afternoon, and welcome to Petco’s First Quarter Fiscal 2026 Earnings Conference Call. Joining me on the call today are Joel Anderson, Petco’s Chief Executive Officer; and Sabrina Simmons, Petco’s Chief Financial Officer.

In addition to the earnings release, we’ve posted a slide presentation on our website at ir.petco.com. I’d like to remind everyone that on this call, we will make certain forward-looking statements, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from such statements. These risks and uncertainties include those set out in our earnings materials and SEC filings.

In addition, on today’s call, we will refer to certain non-GAAP financial measures. Reconciliations of these measures can be found in our earnings release, presentation and SEC filings.

With that, I’ll turn the call over to Joel.

Joel Anderson
CEO & Director

Thanks, Roxanne, and good afternoon, everyone. Thank you for joining us to discuss our first quarter

New Delhi: In a move that could add pressure on India to quickly conclude a bilateral trade deal with the US, the US Trade Representative on Wednesday proposed an additional 12.5% duty on 54 countries, including India, over alleged failure to restrict imports of goods produced with forced labour in third countries.

It has proposed new tariffs on most Indian goods.

India said it is engaged with the US on investigations under Section 301 of the US Trade Act of 1974, concerning forced labour and excess industrial capacity. This comes at a time when India and the US are engaged in a three-day discussion in New Delhi to finalise the details of an interim deal ahead of the proposed bilateral trade agr eement (BTA).

Meanwhile, Canada PM Mark Carney said the country shares US’ concerns about the use of forced labour and would soon propose its own measures to clamp down further on the practice.

‘No Final Decision on Levy Yet’
“India remains engaged with the US on the matter as a part of Section 301 proceedings,” the commerce and industry ministry said in a statement. “India is also parallelly engaged with the US for finalisation of a framework agreement…”
The USTR proposal follows investigations launched against 60 countries over what it described as their failure to impose and effectively enforce bans on imports of goods made with forced labour. “Specifically, the US Trade Representative proposes additional duties on all products of the investigated economies, except as provided in annex A,” it said.
The annex includes meat products, food items, chemicals, certain coal, ores, natural gas, petroleum products, uranium and pharmaceuticals, among others.

The USTR said its investigation indicated “that the acts, policies and practices of India related to the failure to impose and effectively enforce a forced labour import prohibition are unreasonable and burden or restrict US commerce.”

Trade experts said India has several grounds to challenge the probe and that it could be a pressure tactic to make New Delhi yield to other demands.

The commerce and industry ministry noted that the proposed tariffs are not final, and stakeholders can participate in public hearings to be held on July 7. “The USTR will consider the comments and testimony received before taking a final decision on the proposed measures,” it said.

Also, products covered under Section 232 tariffs, such as steel and aluminium, and certain other products are excluded from the tariff proposals. “A special mechanism has also been proposed for textile and apparel products that could allow a certain volume of imports from selected economies to enter the US at lower tariff rates,” the ministry said, although specific rates have not yet been finalised.

The USTR had launched two separate Section 301 investigations on March 11 and 12, 2026, covering 60 economies over concerns related to forced labour and excess industrial capacity. On June 2, it issued its findings in the forced labour investigation and proposed additional tariffs on imports from 60 economies. The proposal includes additional 10% tariff on imports from Canada, Ecuador, the EU, Indonesia, Mexico and Pakistan, and additional 12.5% tariff on imports from 54 other economies, including India and China.

Pressure Tactic
“The move is a pressure tactic for us to yield on trade and oil-related demands. India should be cautious,” a trade expert said on the condition of anonymity.

India should be prepared for additional Section 301 tariffs in areas such as excess capacity, where the US is conducting another investigation, the person added.

Think tank GTRI said New Delhi should challenge the ambit of the probe.

“The current investigation exceeds the scope of Section 301, which deals with market-access barriers faced by the US firms in the country being investigated and not what it imports and from where,” GTRI founder Ajay Srivastava said.

India must argue that the US is attempting to impose its preferred import-control framework on other countries through unilateral trade measures, which is outside the scope of Section 301, he said.

“India may also argue that concerns regarding forced labour, particularly in countries such as China, are often product-specific and that the US itself remains a major importer of many of the products at issue,” Srivastava said. “Hence, broad country-wide tariff actions are an inappropriate response when the problem could be limited to a few products.”