Brent crude traded around $106 a barrel in early Asian trade after climbing 1.3% in the first three sessions of the week. The US West Texas Intermediate (WTI) for November delivery slipped 0.3% to $94.77 a barrel, around the same…
Reliance Industries shares have remained a near-consensus “buy” among the analysts who track it, despite falling to a 52-week low recently. 30 out of the 31 analysts covering the stock have a “buy” rating, with a single solitary “sell” recommendation.
With Wednesday’s fall, the S&P 500 ended a six-year long streak of sessions without a 1% fall. The index went without a 1% fall for 53 straight sessions before Wednesday, the longest since January 2020.
SEBI has continued restrictions on Rajesh Exports chairman Rajesh Mehta, citing unresolved concerns over financial disclosures, including a stark gap between the company’s consolidated revenue and that of its Swiss subsidiary, Valcambi SA.
Revenue jumps 43.6% year-on-year to ₹32,516 crore; EBITDA rises to ₹3,279 crore, while ₹118.76 crore is recognised as an exceptional item following a fire incident at the refinery.
Cemindia Projects has launched a qualified institutional placement (QIP), setting a floor price of ₹1,158.58 per share. The Adani Group company plans to offer up to 90.3 lakh shares, with an option to increase the issue size.
US September CPI rose to 3.7% on energy costs, lifting bond yields and impacting stocks. Domestic markets fell as FIIs sold shares. Jio Platforms filed for an IPO. Crude oil stayed above $105.
The NBFC can raise funds through equity and debt routes, subject to approvals. It plans to expand its gold loan business and add around 400 branches this year.
Jio Platforms has set its IPO price band at ₹1,065–₹1,119 per share. Proceeds will go towards repaying borrowings at Reliance Jio Infocomm, while Q1 revenue rose 11.8%.
Net earned premium rose 17.7%, while health insurance growth outpaced the industry. The insurer’s board also approved an interim dividend of ₹7 per share for FY27.