Hindustan Copper shares surged sharply after global copper prices spiked due to a production halt at Grasberg, the world’s second-largest copper mine in Indonesia. The mine suspension, caused by a fatal mudflow, tightened global supply and pushed copper futures to 15-month highs.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana