Global Banks May Push Back on RBI's Offshore Swap Reporting Plan
Global lenders plan to ask India's central bank to soften a plan requiring them to report offshore interest-rate derivative trades, according to people familiar with the matter.
Complying with the Reserve Bank of India's directive could raise concerns about client confidentiality and lead to jurisdictional complications with other monetary authorities, the people said, asking not to be named as the discussions are private.
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Associated Press
an hour ago
- Associated Press
TCL Technology pioneers the first sustainability-linked offshore syndicated loan in China's display panel industry
SHENZHEN, China, June 30, 2025 /PRNewswire/ -- Recently, TCL Technology Group Co., Ltd. ('TCL Technology', the 'Group') announced the Group's first sustainability-linked syndicated loan, with a total amount of US$200 million. This is considered to be the first sustainability-linked offshore syndicated loan in China's display panel industry. Bank of China (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited ('HSBC') and Standard Chartered Bank (Hong Kong) Limited served as Joint Mandated Lead Arrangers and Bookrunners and Sustainability Coordinators, and DNV Business Assurance Limited ('DNV') served as an independent external reviewer and provided a satisfactory second-party opinion on this sustainability-linked loan structure. The interest margin of the facility is linked to a series of core ESG performance indicators of TCL Technology, which are key performance indicators of the industrials and manufacturing industry recognised by the International Capital Market Association ('ICMA'). Meanwhile, TCL Technology has set up a two-way interest margin adjustment mechanism that includes both rewards and penalties, reflecting TCL Technology's strong commitment to implementing the ESG strategies and leading the sustainable development of the high-tech industry. The sustainability-linked offshore syndicated loan garnered significant interest from 19 leading Chinese and foreign banks, with oversubscription of more than 3 times the initial target. Li Jian, CFO of TCL Technology, said, 'The successful closure of the sustainability-linked offshore syndicated loan is an important milestone for TCL Technology to promote sustainable development. It also reflects the Group's long term commitment to strengthening its ESG management system and sustainable development capabilities. We will take this opportunity to deepen the use of sustainable finance tools to improve the efficiency of capital allocation, and accelerate the transformation processes of sustainable manufacturing and low-carbon operations. TCL Technology will continue to uphold an open and cooperative attitude and explore innovative paths for the integration of corporate finance and sustainable development with all stakeholders.' Wei Xue, Vice President and ESG Director of TCL Technology, said, 'We are very pleased to have successfully closed the industry's first sustainability-linked offshore syndicated loan. Sustainable development is TCL Technology's long-term business strategy and a core component of TCL brands globally. We hope to take the syndicated loan as an opportunity to combine corporate finance with ESG strategy, continuously improve the Group's ESG management capabilities, further enhance its operational capabilities to navigate through cyclical challenges under a complex and ever-changing market environment, and spread stronger wings to overcome the headwind. We look forward to working hand in hand with our partners to make every innovation a step towards a net-zero-carbon and sustainable future.' In 2024, TCL Technology officially joined the United Nations Global Compact ('UNGC'), and pledged with companies and other stakeholders from nearly 170 countries to fulfill the 10 principles of the UNGC covering human rights, labour standards, environment and anti-corruption, and to make continuous contributions to the realisation of the United Nations Sustainable Development Goals. At the same time, the Group has taken a key step to establish the 'Strategy and Sustainability Committee', escalated ESG management to the Board level, and established the 'ESG Working Committee' to deepen the integration of environmental, social and governance aspects in the Group's strategic planning and daily operations management. Adhering to the belief that 'sustainable development is not optional but necessary', TCL Technology is committed to exploring and applying digital tools to achieve more accurate and efficient carbon emission management. In addition, the company continues to implement value-sharing initiatives to promote the Group's ESG development in all aspects, such as 'TCLGreen', exemplified by the TCL Photovoltaic Low-Carbon Campus project, and 'TCLforHer', an initiative advocating for women's empowerment through technology and culture. View original content to download multimedia: SOURCE TCL Technology
Yahoo
an hour ago
- Yahoo
Excellence Recognised: ADROSONIC Shines at Industry Awards
MUMBAI, India, June 30, 2025--(BUSINESS WIRE)--ADROSONIC is proud to have been recognised as a 'Highly Commended' company at the London Market Forums Awards 2025, a testament to its commitment to innovation, customer success and industry transformation. The awards evening brought together leaders who are shaping the future of the London Market. ADROSONIC is honoured to stand alongside Tom Downs, COO at Aventum, on his well-earned win, Elliot Arazi, Business Innovation Architect at Inigo, for his impactful nomination and Paul Richmond, Head of Customer Success at Novidea, on his richly deserved recognition. ADROSONIC extends its sincere thanks to Roger Oldham, Founder & CEO of LMF, for creating a platform that continues to champion collaboration, leadership and meaningful progress across the market. Adding to this moment of pride, ADROSONIC's Founder, MD & CEO, Mayank, has been honoured with the Times Leadership Award 2025 under the 'Visionary Entrepreneur' category by the Times of India Group. This award reflects his strategic foresight and the company's dedication to delivering measurable value to its clients. Mayank commented, "This one is for our visionary initiative on industry-academia collaboration and for setting up an innovation lab which is unique. The other factor mentioned is to recognise our organic growth without any funding and debt." Further strengthening ADROSONIC's commitment to excellence, Sonal, Co-Founder, COO, ADROSONIC has been honoured with the Pratishtha Award 2025, recognising her outstanding contributions and leadership in driving innovation and impact. These recognitions are more than accolades — they affirm ADROSONIC's mission to empower stakeholders and customers alike, drive innovation and build enduring partnerships. With every milestone, ADROSONIC strengthens its resolve to deliver transformative outcomes for its customers. Visit for more information. Follow us on Twitter and LinkedIn at @adrosonic. Write to: info@ About ADROSONIC: ADROSONIC is a global IT consulting firm providing professional services to power digital transformation. ADROSONIC has offices across the globe, including India, UK, USA, Brazil and Chile. ADROSONIC has completed over 400 projects and has earned 100% client retention for over a decade. View source version on Contacts Sujith Kolaprath+91
Yahoo
an hour ago
- Yahoo
Singapore security firm rebuts viral claim staff face sack for not staying home while on sick leave
SINGAPORE, June 29 — Singapore security firm Certis has clarified that it does not dismiss employees simply for not being at home while on medical leave, after internal WhatsApp messages about its medical leave policy circulated online and drew public attention. The messages, which were first reported by Mothership on Friday, said that workers could receive a warning letter if they were found to be away from home during medical leave without a valid reason. 'If they are not at home, they should share their 'live' location or conduct a video call with their manager to ensure their safety and well-being,' one message allegedly read. Employees were also instructed to update their residential addresses to avoid potential disciplinary action, while another message encouraged officers to 'share their pinned location' if they were not at home. A warning within the messages noted that 'any non-compliance identified may result in disciplinary action, which could include termination'. In response to Channel News Asia's queries, Certis said yesterday that termination is not automatic and disciplinary steps are taken only in 'clear and substantiated cases of abuse of medical leave, after a fair and thorough process'. 'We do not terminate employees solely because employees are not at home when on medical leave,' the company reportedly said. It added that managers may check in on staff who are on medical leave — particularly those on extended leave — and that these visits may include 'small care gestures'. Certis also emphasised that it trusts the majority of its staff to use medical leave responsibly, but has put in safeguards to ensure the system is not abused. 'Certis holds our officers to high standards of professionalism and integrity,' the company said. 'We take a firm stance against any wilful breach of company policy and will not hesitate to take disciplinary action where warranted, as we fulfil our commitment towards partners, customers, and the community whom we strive to protect and safeguard.'
