Reliance secures $2.4B via Asset-Backed Securities
Your daily dose of business news
🗞️ BlackRock inks large office lease with IndiQube, Bengaluru
BlackRock has signed a ₹1.43 lakh crore office lease with IndiQube in Bengaluru, asserting demand in India’s commercial real estate.
💬 Expert Take — Rajesh Nair, Real Estate Strategist: “Such mega leases boost investor sentiment in CRE and signal strong demand for Grade A office space.”
🗞️ Vikram Solar to supply 200 MW modules
Vikram Solar will export 200 MW solar modules to AB Energia, expanding its global footprint in renewable energy.
🗞️ Crisil says bank credit holds up despite external risks
Crisil reports that bank credit growth remains firm even amid global headwinds, driven by stable demand in retail and infrastructure.
🗞️ NCC awarded ₹2,000 crore Barnar reservoir project in Bihar
NCC has won a contract worth ₹2,000 crore to build the Barnar reservoir, a major boost for water infrastructure and irrigation in Bihar.
🗞️ Reliance raises $2.4 bn through asset-backed securities
Reliance has raised $2.4 billion via asset-backed securities, tapping complex financial instruments for capital.
🗞️ AI-led efficiencies can help hit 8% GDP, says NITI Aayog
NITI Aayog projects that AI-driven efficiencies could play a key role in achieving India’s 8% GDP growth target, especially in sectors like health, agriculture, and manufacturing.
🗞️ Andhra shrimp export orders cancelled; losses pegged at ₹25,000 cr
About 50% of shrimp export orders from Andhra Pradesh have been cancelled, with estimated losses of ₹25,000 crore for industry players.
🗞️ Vodafone Idea shares up 6% on AGR plea hearing date
Vodafone Idea jumped ~6% after its plea against the DOT-S AGR demand was tentatively listed for hearing on September 19, offering legal clarity to investors.
📊 Market Update
📈 Sensex: 81,785.74 ▼ −118.96 (−0.15%)
📉 Nifty 50: 25,069.20 ▼ −44.80 (−0.18%)
💱 USD/INR: ₹88.15–88.30 range, close ~₹88.25
🪙 Gold (24K): ~₹1,11,060 / 10g (≈ ₹11,106 / g)
🛢️ Brent crude: ~$67.40 / bbl (stable)