MUMBAI: A surge in gold loans may partly reflect borrower stress, with lenders allowing customers already in deep delinquency to borrow against gold and repay overdue loans, Macquarie said in a report. The trend raises questions about whether gold-backed lending is driven by consumption or income-generating needs or is merely helping borrowers manage debt by…
Jio Platforms is expected to have a market capitalisation of around Rs 10.3 lakh crore at the upper end of the price band. Jio IPO: The Qualified Institutional Buyers (QIB) category in Jio Platforms’ IPO has been subscribed more than twice over within minutes of the issue opening on Wednesday.Demand for the QIB portion had…
Rupee gains against US dollar NEW DELHI: Rupee jumped nearly 0.5% against the US dollar on Wednesday, climbing to a six-week high of 94.50. The rally came as foreign currency inflows linked to the Jio IPO and gains at the Dalal Street supported the currency. At the same time, support from the Reserve Bank of…
Goldman Sachs warns commodity prices could remain volatile through 2027, crude could hit $140 (representative image) Commodity prices could remain volatile through 2027 as geopolitical conflicts, disruptions to energy and agricultural supplies, and extreme weather risks threaten global markets, with crude oil, European natural gas and agricultural commodities facing significant upside risks, according to a…
The state-run refiner is reassessing its crude sourcing strategy amid supply disruptions and soaring freight costs linked to the Iran war. Indian Oil Corporation (IOC), India’s largest refiner, plans to scale back crude oil purchases from Middle Eastern suppliers under annual contracts for the financial year 2027-28, as the prolonged Iran war continues to disrupt…
The rupee traded between 94.35 and 94.82 against the US dollar during the session The rupee strengthened sharply on Wednesday, rising 53 paise to close at 94.38 against the US dollar, supported by foreign currency inflows linked to Reliance Industries’ Jio Platforms IPO and intervention by the Reserve Bank of India (RBI).The recovery came despite…
Including the commitments secured from anchor investors earlier this week, Jio Platforms’ IPO has attracted around Rs 77,892 crore Jio IPO subscription: Jio Platforms Ltd’s initial public offering (IPO) on Wednesday received subscriptions for 3.16 times the 19.75 crore shares available. Institutional investors accounted for the strongest demand. The offer will remain open for subscription…
At the upper end of this range, the IPO values Jio Platforms at approximately $108 billion. Jio IPO subscription: Jio Platforms Ltd’s Rs 30,213-crore initial public offering (IPO) received bids worth more than Rs 50,000 crore by mid-afternoon on Wednesday.Investors subscribed to 2.35 times the shares available on the first day. The issue had already…
The rally was driven by strong performance in iron ore, electricity, coal, refinery products, cement and steel NEW DELHI: India’s core sector growth accelerated to 7.9 per cent in September 2026, up from 5.9 per cent in August, driven by strong output across six of the eight key infrastructure industries, according to data released by…
The planned route will cover Anantapur, Guntakal, Raichur, Kalaburagi, Solapur and Kalyan before arriving in Mumbai. Indian Railways’ second Vande Bharat sleeper train service is all set to start in the coming days. South Western Railway (SWR) has proposed November 1, the occasion of Karnataka Rajyotsava, for the inaugural special run of the new Bengaluru-Mumbai…
