Rising India

Key developments in the Indian economy, business, and technology.

[Rising India @RisingIndiaHQ]

JIO IPO INFLOWS PUSH RUPEE INTO 'OVERBOUGHT' ZONE DESPITE RENEWED OIL RISE

The Indian rupee nudged higher on Thursday into a technically overbought zone, as chunky foreign inflows for the Jio Platforms IPO added to tailwinds from recent regulatory measures that propped up the currency.

The IPO-linked inflows helped the rupee gain to 94.35 per dollar from its previous close of 94.46, even as Brent crude rose nearly 2% to $110.6 per barrel.

[Rising India @RisingIndiaHQ]

INDIA, CANADA EXPLORE TWO-WAY ENERGY PARTNERSHIP AS SIDES PUSH TO SEAL TRADE DEAL

India and Canada may explore deeper energy cooperation while expeditiously concluding negotiations for a comprehensive free trade deal, with a proposed two-way energy supply chain in which India would import Canadian oil and gas and send refined petroleum products the other way.

A team of Canadian negotiators will visit New Delhi early next month for the sixth round of free trade talks. Both sides are making efforts to conclude negotiations for a Comprehensive Economic Partnership Agreement (CEPA) before an expected visit of Prime Minister Narendra Modi to Canada in mid-December.

[Rising India @RisingIndiaHQ]

BARCLAYS: EXPECT A CALL ON AN INDIA TELECOM TARIFF HIKE — INDUSTRY-WIDE HIKES IN 2H FY27 SHOULD LIFT EARNINGS AT RELIANCE JIO AND BHARTI AIRTEL AS 5G SPENDING SLOWS

[Rising India @RisingIndiaHQ]

NOMURA: INDIA IS "THE MOST COMPELLING LONG-DURATION GROWTH OPPORTUNITY" IN THE GLOBAL ALUMINUM COMPLEX — PER-CAPITA USE OF JUST 3.2KG VS 11KG GLOBALLY POINTS TO A MULTI-DECADE DEMAND UPCYCLE

[Rising India @RisingIndiaHQ]

OYO PARENT PRISM NEARLY HALVES ITS IPO: FRESH ISSUE CUT TO ₹3,350 CRORE ($355 MILLION) FROM ₹6,650 CRORE AS THE SOFTBANK-BACKED COMPANY REVIVES ITS LONG-DELAYED LISTING

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MARCO RUBIO, MUKESH AMBANI DISCUSS ENERGY AND TECH COOPERATION AT WORLD'S LARGEST REFINERY IN JAMNAGAR

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MIDCAPS ENTER CORRECTION ZONE: NIFTY MIDCAP 150 DOWN 10.2% FROM 52-WEEK HIGH AS MARKET SELL-OFF DEEPENS

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CLSA: INDIA-US 10-YEAR YIELD SPREAD AT ITS LOWEST IN MORE THAN TWO DECADES — NOW ~2.1PP, HALF THE 5PP OF 2021, AS INDIA'S FISCAL DEFICIT HALVES TO 4.5% OF GDP WHILE US DEBT PUSHES PAST ITS WWII PEAK

[Rising India @RisingIndiaHQ]

BOND YIELD RISES TO 7.44%, A THREE-AND-A-HALF-YEAR HIGH, ON HIGHER OIL PRICES; RBI REJECTS ALL BIDS AT ₹23,000 CRORE T-BILL AUCTION

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₹10,000 CRORE-PLUS IN M&A FUNDING: INDIAN BANKS OPEN CHEQUE BOOKS AFTER RBI EASES TAKEOVER-FINANCING RULES, FINANCING UP TO 75% OF DEAL VALUE

[Rising India @RisingIndiaHQ]

BOFA: TWO-WHEELERS IN THE FAST LANE THIS NAVRATRI — 7.6 LAKH REGISTRATIONS IN 9 DAYS, +6% YOY ON A HIGH BASE AND +19% 2-YEAR CAGR, AS CAR REGISTRATIONS SLIDE 14% AND TRUCKS JUMP 50%

[Rising India @RisingIndiaHQ]

FIRST-OF-ITS-KIND: NABFID GETS FINANCE MINISTRY, RBI NOD FOR NATIONAL INFRASTRUCTURE PROJECT REPOSITORY

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6-DAY TOUR: COMMERCE MINISTER PIYUSH GOYAL TO VISIT GERMANY, NETHERLANDS TO BOOST TRADE, INVESTMENT TIES

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INDIA’S RATE-SETTING PANEL FLAGS MORE HIKES TO CURB INFLATION BUT STOPS SHORT OF ENDORSING AN AGGRESSIVE TIGHTENING CYCLE, MPC MINUTES SHOW

[Rising India @RisingIndiaHQ]

BARCLAYS: INDIA'S RESERVOIR STORAGE AT 68.6% AFTER THE WEAKEST MONSOON IN OVER A DECADE — VS 90.8% LAST YEAR AND AN 82.1% 10-YEAR AVERAGE, LEAVING RABI SOWING A TOUGH BACKDROP AS EL NIÑO STRENGTHENS

[Rising India @RisingIndiaHQ]

INDIA'S GROWTH FORECAST RAISED TO 7.1% FOR 2026-27 FROM 6.7%: RBI GOVERNOR MALHOTRA FLAGS BUILDING INFLATIONARY PRESSURES IN MPC MINUTES

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INDIA'S INFRASTRUCTURE OUTPUT JUMPS 7.9% IN SEPTEMBER ON STRONG COAL, STEEL GROWTH

[Rising India @RisingIndiaHQ]

BOFA: E-COMMERCE DAILY USERS HIT A NEW HIGH AS INDIA'S FESTIVE SEASON OPENS — FLIPKART SEES 6.3MN CONCURRENT USERS IN THE OPENING HOUR, MEESHO DAY-1 ORDERS UP ~75% YOY, ~60% OF DEMAND FROM NON-METROS

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INDIA A COMPELLING INVESTMENT PROPOSITION FOR GERMAN FIRMS, SAYS FICCI

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INDIA MUST MAKE GROWTH EMPLOYMENT-INTENSIVE, NOT JUST FAST: FORMER RBI GOVERNOR D SUBBARAO