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The talks with Apollo came after the Softbank Group Corp.-backed company declared its first annual profit.

The dollar index, which earlier in the week reached a high of about 11 months at 107.34, last traded at 106.37, but it has continued to rise for 12 weeks in a row.

NBFCs have evolved unique strategies to scale up new segments that leverage their existing strengths - physical distribution network, customer segment, geographical knowledge.

Petrol and Diesel prices in cities across India on 06-10-2023

Last week, both benchmarks climbed to 2023 highs, but this week, Brent has fallen 11.8% and WTI by around 8.8%.

On the Chemicals front, Crude rallied and drove up the aromatics prices. Phenol spreads started rising, on the back of better phenol and acetone realisation while ammonia continued its uptrend in Sep’23 (up ~28%).

Spot gold was unchanged at $1,820.35 per ounce, while U.S. gold futures increased by 0.1% to $1,834.10. Since September 25, prices have closed lower every day of trading, adding 1.5% further losses this week.

Tewari's two-year contract extension will take effect on January 28, 2024.

Stable Repo Rate - RBI's Festive Season Boon to Housing Market

On October 1, the government increased the price of jet fuel, or ATF, by 5%, marking the fourth consecutive monthly increase since July.