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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.
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News and Media
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.
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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.
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