Oil Price Today (October 15): Crude oil dips to $105 despite rising Middle East tensions. Here’s why
Brent crude futures declined $1.50, or 1.41%, to $104.55 a barrel, while US West Texas Intermediate (WTI) crude futures dropped $1.02, or 1.07%, to $94.07. Both benchmarks reversed gains made in the previous session.
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
In Maharashtra, insurers’ liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared drought-like conditions in 265 talukas, raising concerns over this year’s losses.
Canara Bank net profit up 8.4%, treasury losses weigh
Canara Bank experienced an 8.4% year-on-year increase in net profit, reaching ₹5,175 crore for Q2 FY27. The bank’s improvement in asset quality contributed to this profit growth, alongside core income expansion. However, mark-to-market losses from rising bond yields limited higher earnings outcomes. Its gross non-performing assets ratio also improved, declining to 1.3% from both the […]
Insurance, NPS equity investments plunge 45% to Rs 22,714 crore in September quarter
Insurance companies and NPS funds have decreased their combined investments in Indian equities by 45%. They invested ₹22,714 crore in the September quarter, compared to ₹41,465 crore prior. Higher bond yields and declining stock prices have shifted their focus towards debt instruments. Mutual funds, on the other hand, continue to invest heavily in equities this […]
Can Zetwerk Manufacturing IPO deliver long-term growth for high-risk investors?
Zetwerk Manufacturing is planning to raise ₹2,830 crore through an IPO while also aiming for ₹2,182 crore from an offer for sale. The company, which was incorporated in 2017, has various clients and operates a universal factory model. Although revenue grew significantly, the operating margin remained thin and net losses increased in recent years. Investors […]
Sebi plans to ease many SME IPO rules, lower application amount
Securities and Exchange Board of India is proposing changes to initial public offering regulations for small and medium enterprises. The changes aim to reduce the overall costs associated with raising capital through IPOs. Proposed improvements include lowering the minimum application amount and easing underwriting requirements. Companies with certain market capitalisation thresholds could benefit from these […]
Sebi confirms interim curbs on Rajesh Exports, promoter over alleged fund routing
Sebi has imposed interim restrictions on Rajesh Exports and its promoter Rajesh Mehta for alleged financial misrepresentation. The regulator found issues regarding the reported consolidated revenue of ₹15.4 lakh crore. Rajesh Exports’ standalone revenue reported by its subsidiary Valcambi SA was significantly lower at ₹3,027.3 crore. Despite opportunities to respond, the company and promoter failed […]
Jio Platforms’ grey market premium jumps to Rs 218 ahead of IPO, price band set
Jio Platforms is experiencing a rise in grey market premium ahead of its initial public offering. The IPO is set to open on October 21 and will close on October 23. Reliance Industries has established a price band between ₹1,065 and ₹1,119 for the shares. Investors will be able to bid for a minimum of […]