India's markets regulator SEBI will allow companies to revise the size of their IPO fresh issues by up to 50% without submitting a new draft offer document, according to sources. The current threshold requiring a full refile is triggered by any change exceeding 20%, making the new limit a significant relaxation of the existing compliance burden. The change is designed to give issuers more flexibility to respond to shifting market conditions without incurring the cost and delay of a full re-filing process. For companies navigating volatile windows, the ability to upsize or downsize a fresh issue within a wider band means fewer abandoned or delayed listings when market sentiment shifts between filing and launch. Investment bankers and pre-IPO companies stand to benefit most directly, as the rule reduces the operational friction of adjusting capital-raise targets in response to investor demand signals. The practical watch point is whether SEBI formalizes this through a circular and whether the 50% band applies symmetrically to both increases and reductions in issue size.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
