RBI Allows Gold-Backed Loans
Your daily dose of business news
🗞️ Zomato & Swiggy launch health scores
Zomato and Swiggy have rolled out health scores for restaurants amid rising scrutiny over food quality.
💬 Expert Take — “This move aligns food delivery with transparency—restaurants will now compete not just on taste, but on hygiene metrics.”
🗞️ RBI allows gold-backed working capital loans
The RBI has permitted banks to extend working capital loans to manufacturers using gold as raw material, easing financing in the jewellery sector.
🗞️ Tata Capital IPO at 55% discount to grey market
Tata Capital has set its IPO price band significantly lower—at nearly 55% discount compared to its grey market premium.
🗞️ L&T secures $700 mn sustainability-linked trade facility
Larsen & Toubro (L&T) has tied up a $700 million sustainability-linked trade facility with Standard Chartered Bank, bolstering its ESG financing portfolio.
💬 Expert Take — “Green finance access by infra majors like L&T shows ESG-linked capital is becoming mainstream in India’s growth story.”
🗞️ U.S. tariff poses $100 mn risk for Sun Pharma
Nomura estimates Sun Pharma may face a $100 million tariff hit under new U.S. duties on Indian pharma products.
🗞️ LG Electronics IPO opens Oct 7
LG Electronics confirmed its IPO issue will open on October 7, with investor interest expected to be strong given its consumer electronics franchise.
🗞️ BHEL wins ₹15,000 cr order, GST relief
BHEL has secured a ₹15,000 crore order from Madhya Pradesh and also received GST-related relief, boosting its order book visibility.
🗞️ Fabtech Technologies IPO subscribed 70% on Day 1
Fabtech Technologies’ SME IPO was 70% subscribed on its first day of bidding, reflecting robust demand in the segment.
📊 Market Update
📉 Sensex: 80,267.62 ▼ 97.32 pts (-0.12%)
📉 Nifty 50: 24,611.10 ▼ 23.80 pts (-0.10%)
📉 Nikkei 225: 44,932.63 ▼ 111.12 pts (-0.25%)
📈 SSE Composite: 3,882.78 ▲ 20.25 pts (+0.52%)
🪙 Gold (per gram): 24K ₹11,744 ▲ ₹55 | 22K ₹10,765 ▲ ₹50 | 18K ₹8,808 ▲ ₹41