A subsidiary of UK-based Vedanta Resources has accepted bids worth $1.75 billion for a three-tranche issuance of dollar bonds, as it seeks to refinance high-yielding outstanding debt, three merchant bankers said on Friday.

Vedanta Resources Finance II has raised $500 million through six-year bonds at a coupon of 7.00%, $700 million through eight-year bonds at a 7.3750% coupon, and $550 million through 11-year bonds at a coupon of 7.75%, the bankers said.

The death toll is rising in Venezuela after back-to-back earthquakes struck west of the capital on Wednesday, toppling buildings and severely damaging the country’s main international airport.

The natural disaster has killed at least 188 people and injured more than 1,500 others in a country where emergency response capacity is limited after years of political and economic turmoil.

A weak monsoon is emerging as India’s next inflation risk, with a developing El Niño threatening to curb rainfall and push up food prices just as an easing oil relieves broader price pressures.

The southwest monsoon, which accounts for about 70% of India’s annual rainfall, is vital for the $300 billion farm economy and has an outsized influence on food prices, rural demand and broader economic output.

Hon Hai Precision Industry Co. has said that its subsidiary, Foxconn Singapore, acquired around 351.73 million common shares in its India subsidiary, Foxconn Hon Hai Technology India Mega Development Ltd, for $37.2 million, according to a stock exchange filing.

The Taiwanese electronics giant is the world's largest manufacturer of iPhones.

The White House has asked OpenAI to release its next artificial intelligence (AI) model, GPT-5.6, only to a small group of government-approved partners before making it available more broadly, according to a report by Axios.

The request was made by the White House's Office of the National Cyber Director and the Office of Science and Technology Policy as the Trump administration develops a framework to test and evaluate the security of advanced AI models.

In a significant relief to manufacturers of products like toys, personal protective equipment, air conditioners and footwear, the government on Thursday allowed an alternative way to ensure quality standards without the rigours of following the quality control orders (QCOs) applicable to those sectors, in a notification issued late on Thursday.

The Reserve Bank of India's (RBI's) final guidelines on upper-layer NBFCs issued late Wednesday have rekindled hopes that Tata Sons could get a reprieve from its listing obligations after the central bank dropped a provision defining the "indirect receipt of public funds". The clause, included in the April draft, had been viewed as a key hurdle for business houses seeking to deregister as core investment companies (CICs).

Amazon’s chief executive officer Andy Jassy, who is currently on a visit to India, has announced an additional $13 billion investment in the country, taking the total investment in the country to $48 billion by 2030. The announcement came after Jassy met Prime Minister Narendra Modi in the national capital on Thursday.

India is set to approve a roughly $370 million investment from Horse Powertrain Ltd., a hybrid-engine venture backed by China’s Zhejiang Geely Holding Group Co., that would mark one of the biggest manufacturing investments from a Chinese-linked company in years.

The deal would enable Horse Powertrain, whose other major shareholder is Renault SA, to invest in the French carmaker’s manufacturing operations in India, according to people familiar with the matter.

Bharti Airtel has raised its stake in Airtel Africa by 16.31 per cent to about 79 per cent through a share-swap agreement, which is estimated to be around ₹28,200 crore, according to a company filing on Tuesday.

Before the transaction, Bharti Airtel held 62.73 per cent in Airtel Africa.

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