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Global Market: Citi joins London's bullion clearing network in major precious metals expansion
Citi has joined London's over-the-counter gold market clearing network, becoming the fifth bank to do so. This significant move expands the bullion trade's settlement infrastructure, which handles approximately $160 billion in daily transactions. Citi's entry, the first in a decade, signals progress in making the market more accessible. The bank will now offer Loco London settlement for gold, silver, platinum, and palladium.
Lenskart shares in focus as Goldman Sachs, Morgan Stanley, others purchase stake in Rs 1.960 crore block deal
Lenskart Solutions saw significant stake activity as marquee investors bought Rs 1,960 crore in a block deal, with Platinum Jasmine A 2018 Trust paring its holding. Despite recent exits, brokerages remain optimistic about Lenskart's long-term growth, citing its integrated model and international expansion.
Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.
After SoftBank, ADIA plans over $200 million Lenskart sell-down
Platinum Jasmine A 2018 Trust, an investment vehicle of the Abu Dhabi Investment Authority, is offering up to 40 million shares, representing approximately 2.3% of Lenskart's outstanding equity.
Lenskart Block Deal | Platinum Jasmine likely to sell 2.3% stake for ₹1,944 crore
Shares of Lenskart Solutions Ltd ended at ₹500.65, down by ₹2.75, or 0.55%, on the BSE.
Indian cancer patients battle shortage of key drugs as platinum costs surge
Cancer patients in India are struggling to find essential platinum-based drugs. A surge in global platinum prices and supply chain issues are causing shortages. This forces patients to search extensively for medication. Some drugmakers have reduced production. The situation puts immense pressure on the healthcare system and patients seeking treatment.
Gems and jewellery exports fall over 9% in April amid weak demand, volatile prices
India’s gems and jewellery exports fell over 9% in April 2026, as weak global demand hit diamonds and gold while silver and platinum jewellery gained.
Gems and jewellery exports decline over 35% in March amid global headwinds; imports rise over 16%
India gems and jewellery exports slump 35% in March 2026 as gold and diamonds weaken, while silver and platinum jewellery buck the trend with strong growth.