Billionaire Gautam Adani’s conglomerate launched a dollar bond sale on Wednesday, following a delay last month due to investor concerns over pricing. Adani Green Energy Ltd., part of the group’s clean-energy business, is marketing a 20-year $600 million note with a yield of around 7.75%, higher than the initial 7% guidance for the postponed October deal.

Major Chinese fund companies slashed fees for equity exchange-traded funds (ETFs), aiming to attract investors and boost the burgeoning $400 billion sector. This move follows a pledge by China’s top securities regulator to promote index investment and fee reform.

The U.S. dollar weakened against major currencies, extending a three-day decline from a one-week high as the market stabilized after a rally following Donald Trump’s election. Bitcoin reached a new all-time high, driven by expectations of a more favorable regulatory environment under Trump.

ICICI Securities has upgraded Grasim Industries to an “Add” rating with a raised target price of Rs 2,731. Despite a 45% YoY drop in Q2FY25 EBITDA due to losses in its new paint and e-commerce ventures, the brokerage is optimistic about Grasim’s aggressive expansion in the paint sector. Grasim’s paint revenue is projected to reach Rs.

India’s materials sector, after facing headwinds, is poised for a strong recovery driven by government spending and stabilizing prices. Despite weak demand and input cost volatility impacting second-quarter earnings, analysts are optimistic about a rebound in the second half. While the Chinese economy’s trajectory raises concerns for steel, domestic appliances are expected to benefit from rising incomes and premiumization trends.