Gold set for second weekly drop on higher-for-longer rate jitters
Spot gold was steady at $1,910.85 per ounce by 0100 GMT. Bullion was on track for a weekly decline of 0.4% after having touched its lowest level since Aug. 23 on Thursday. U.S. gold futures were down 0.1% at $1,932.60.
Shanghvi Finance exits RBI’s upper layer NBFC list
A total of 15 NBFCs are part of the list, down from 16 when the RBI first released it in September 2022. The RBI did not give any reason for the exclusion of Shanghvi Finance from the list. Among the 15 NBFCs in the list is Tata Capital Financial Services. Tata Sons, the holding company […]
Western Carriers files DRHP for public offer
The company proposes to utilise the net proceeds from the fresh issue towards prepayment of certain outstanding borrowings, capital expenditure funding, and general corporate purposes. JM Financial and Kotak Mahindra Capital are the book running lead managers to the offer.
Hospital stocks may get re-rated on higher capex and occupancy
The sector witnessed a return on equity (ROE) expansion due to profitability improvement, led by healthy operating leverage over FY19-23.
Nifty hits new high amid some caution
NSE’s Nifty gained 33 points or 0.16% to close at 20,103 after touching an all-time high of 20,167. BSE’s Sensex rose 52 points or 0.08% to end at 67,519. The index hit an all-time high of 67,771 earlier in the day.
Entero Healthcare files IPO papers with Sebi
The company proposes to utilise the net proceeds from the offer towards the repayment of certain borrowings, working capital requirements, for general corporate purposes and to pursue inorganic growth initiatives through acquisitions.
JP Morgan to provide for taxes from September end
“The GBI-EM Global Diversified 10% Cap 1% Floor (GBI-EM Global 10/1) is designed to track the performance of bonds issued by emerging market governments and denominated in the local currency of the issuer,” said an index research report by JP Morgan, dated August 31.