News Overview

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

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

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.

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

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%).

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

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

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

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

The Valiant Laboratories IPO witnessed robust demand from investors, with a subscription rate of 29.76 times.