News Overview

Analysts of IIFL Capital Services also highlight runaway growth in Personal loans (27% 4yr Cagr and 36% YoY in FY23) as an area of concern.

Brent crude futures had increased by 5 cents, or 0.1%, to $93.98 per barrel, while U.S. West Texas Intermediate crude had increased by 15 cents, or 0.2%, to $90.92 per barrel.

The euro increased by 0.11% to $1.0667 while the dollar index was slightly lower at 105.23. Sterling last traded at $1.2397, up 0.06% for the day.

Petrol and Diesel prices in cities across India on 18-09-2023

In early September, VIL had cleared around 10% of its April-June quarter dues to the Department of Telecommunications (DoT).

On Friday the rupee had experienced a depreciation of 16 paise, closing at 83.19 against the US dollar.

During the IPO subscription period, which ran from September 6-8, the offering garnered significant interest from investors, with an overall subscription rate of 63.72 times.

These loans will have 10-year or 20-year maturities.

Tata Steel and the UK government announced a collaborative agreement to invest in state-of-the-art Electric Arc Furnace steelmaking.

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify the portfolio in pharma sector should invest in HDFC Pharma and Healthcare Fund.