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Vedanta readies $5.2 billion refinancing after rating upgrades
Anil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower borrowing costs following recent credit-rating upgrades. The refinancing will cover $3.6 billion of bonds maturing between 2028 and 2033 and $1.6 billion of loans due from 2028 onward.
Sowilo’s Sandip Agarwal sees 6–7% dollar revenue growth in IT services over next 2–3 years
Sandip Agarwal Fund Manager at Sowilo Investment Managers which manages assets worth nearly $20.44 million as of April 30, 2026, makes a case for Indian IT stocks despite global uncertainty. He points to rupee weakness, a 40–50% valuation correction, and the early stages of an AI-driven services cycle as key reasons to buy. He expects 75% earnings growth over three years and favours large and midcap traditional IT services over expensive ER&D names. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Market View | 8–10% correction likely from here, says Ambit’s Dhiraj Agarwal
Ambit Investment Managers’ Managing Director Dhiraj Agarwal says emerging markets are in a risk-off phase due to Middle East tensions, a stronger dollar and rising crude prices. India, highly dependent on oil imports, is particularly vulnerable. He sees a very high probability of a 10% market correction, with a deeper 15–20% fall possible if crude stays elevated. Agarwal remains cautious on IT due to AI disruption and expects consumer staples to face long-term valuation derating.