Tata Capital's CEO discusses the upcoming IPO, a significant event for the year. The company set the share price to allow wide investor participation. Proceeds will augment Tier-1 capital. This capital will support loan book expansion. Tata Capital plans to strengthen its position in financial services. The company maintains its credit quality.
Oil prices rose one percent on Monday. OPEC+ announced a smaller production increase than expected. Output will rise by 137,000 barrels per day from November. This decision aims to support oil markets. Analysts predict continued price weakness due to global economic conditions. Supply disruptions from sanctions and Ukraine attacks are noted. G7 nations plan steps against Russian oil.
Gold prices surpassed $3,900 an ounce for the first time. This rise stemmed from safe-haven demand. A US government shutdown played a role. Expectations of further Federal Reserve rate cuts also fueled the increase. Gold performs well during economic uncertainties. It recorded a 49 percent gain this year. Strong central bank buying and ETF demand supported its value.
Japan's largest pension fund is considering impact investing. This decision is influencing other Japanese money managers. The government supports this strategy to address national challenges. These include an aging society and gender inequality. Impact investing focuses on climate, health, and inclusivity. This approach aims for economic and capital markets growth. It provides a driver for company development.
Tata Capital's upcoming IPO is priced at a discount, reflecting its lower net interest margin and return ratios compared to peers. While its loan book grew significantly, a merger with Tata Motors Finance increased its gross NPAs. Investors are advised to observe its financial performance post-listing.
