Indian Oil Corporation (IOC) has withdrawn its bond issue despite strong investor interest, anticipating better pricing due to increased liquidity from the RBI’s recent policy rate cut and CRR reduction. The issue, which received bids of ₹9,830 crore, was pulled as IOC seeks a narrower spread over government bond yields, following a similar move by PFC earlier in the week.
Probal Sen flags muted quarter for Reliance as O2C weakness weighs
Reliance Industries anticipates a subdued earnings report this quarter. The oil-to-chemicals segment faces pressure, impacting overall numbers. While retail and telecom offer stability, energy business