Indian companies raised Rs 1.7 lakh crore via commercial papers in September, the highest since April, marking a 44% monthly jump despite higher yields. RBI data highlights a structural funding shift toward non-bank sources, with corporates increasingly tapping debt markets for working capital.
Oil prices jumped more than five percent Thursday after US President Donald Trump targeted Russia's key oil industry with new sanctions in a bid to end the war in Ukraine.
Bank of America purchased 5.62 lakh shares worth Rs 13 crore in EPack Prefab Technologies at a 15% premium. The smallcap stock surged 13% after strong Q2 earnings showing over 100% profit growth, robust revenue expansion, and improving margins.
Tesla shares fell 4.4% on Thursday after the Elon Musk-led electric vehicle maker extended its streak of profit misses to a fourth quarter, even as sales hit record highs.
The government shutdown has reopened debate on what has been a central issue for both major political parties in the last 15 years: the future of health coverage under the Affordable Care Act.
