Adani Group said it had completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline of March 31, Reuters reported. The Gautam Adani-owned conglomerate also prepaid a $500 million facility it had taken for Ambuja acquisition financing, it said in a statement on Sunday, adding that the payment comes in continuation of promoters' commitment to repay the leverage.

Virgin Australia is in talks with banks for a loan of up to A$450 million ($296.4 million) to pay its private equity owner Bain Capital before the airline's re-listing planned for later this year, Reuters reported. Australia's second largest airline is in discussions with banks including Goldman Sachs and UBS about the loan, said the sources, although no decision has been made yet and the size of the debt has not been finalised.

A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention, Reuters reported. In a major shake-up, China will set up the new regulatory body, the National Financial Regulatory Administration (NFRA), according to a proposal that the State Council, or cabinet, presented to parliament on Tuesday.

China’s passenger car retail sales shrank almost 20% in the first two months of this year, underscoring the challenges facing manufacturers in the world’s largest but long-stuttering auto market, the Wall Street Journal reported. The nation’s auto makers sold 2.7 million passenger cars in January and February combined, according to the China Passenger Car Association, down from 3.3 million a year earlier. The association partly attributed the drop to the ending of tax cuts on autos that boosted sales during the pandemic, as well as the end of electric-vehicle subsidies.

The International Monetary Fund on Tuesday said Sri Lanka had secured financing assurances from all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion four-year bailout, Reuters reported. The IMF said its board will meet on March 20 to review a preliminary staff-level agreement first signed in September, offering a lifeline to the South Asian country which faces its worst financial crisis since independence from Britain in 1948.

The National Company Law Tribunal (NCLT) is scheduled to pass its judgement on Tuesday on Mumbai-based Suraksha group's bid to acquire Jaypee Infratech Ltd through the insolvency process, the Economic Times of India reported. In late November last year, the NCLT reserved its order on Suraksha group's bid to acquire Jaypee Infratech Ltd and complete around 20,000 flats for aggrieved homebuyers.

Thailand's cabinet on Tuesday agreed to waive corporate income tax and value-added tax for companies that issue digital tokens for investment, a government spokeswoman said, Reuters reported. Companies will have access to alternative ways of raising capital through investment tokens in addition to traditional methods like debentures, Rachada Dhnadirek told reporters at a news conference.

Money managers on Wall Street and in Silicon Valley are learning once again that investing in China can be fraught, Bloomberg News reported. The Biden administration is close to completing an executive order that would curb U.S. investment in China’s tech industry, foreshadowing a further slowdown in bets on the world’s second-largest economy. Uncertainty over policy related to China has already contributed to a decrease of capital flowing into the Asian country.

The proposed amendments to the Malaysian Insolvency Act 1967, as announced in the revised 2023 Budget, will be tabled in Parliament next month, the New Straits Times reported. Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said said the amendments to the Act would improve the administration and management of the country's bankruptcy system.