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Emirates to deploy A380 on Delhi route from October; expands Premium Economy to 6 Indian cities
Emirates will introduce its A380 aircraft on the Dubai-Delhi route starting October 25. This move expands the airline's double-decker service to a third Indian city. Premium Economy will also become available on six Indian destinations by month's end. The airline cites strong demand as a reason for these network enhancements. Emirates is also opening new retail travel stores and a call centre in India.
Corporate fundraising through CPs touch 5-year high at ₹2.53 trn in June
Fundraising by Indian corporates through commercial papers (CPs) route surged to a nearly five-year high in June, driven by favourable pricing, seasonal working capital requirements and refinancing of existing debt. According to Prime Database data, corporates raised Rs 2.53 lakh crore through CPs in June, up 84.6 per cent from Rs 1.37 lakh crore in May. On a year-on-year basis, issuances rose 59.4 per cent from Rs 1.59 lakh crore in June 2025. The June mobilisation was the highest since July 2021, when companies had raised Rs 2.69 lakh crore through CPs, the data showed. "Corporates preferred CPs over bank borrowings wherever pricing was favourable. Many issuers also refinanced existing obligations and built precautionary liquidity buffers. The easing interest rate environment and expectations of comfortable liquidity further encouraged issuances," said V Ramachandra Reddy, head of treasury at The Karur Vysya Bank. Balasubramanian R, head of treasury at Dhanlaxmi Bank, said ...
Stock Alert: Route Mobile, Bharti Airtel, Hero MotoCorp, V2 Retail, NMDC
Bharti Airtel said its subsidiary, Airtel Money has commenced commercial operations as a Type II non-deposit accepting non-banking financial company (NBFC).
INR settles higher as global crude oil prices continue to slide
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies.
Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option
The government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS route.
Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions
Silver prices rallied by Rs 6,066 to Rs 2.52 lakh per kilogram in futures trade on Monday as easing geopolitical tensions in West Asia and a weaker US dollar improved sentiment in the bullion market. On the Multi Commodity Exchange, the white metal for July delivery surged Rs 6,066, or 2.46 per cent, to Rs 2,52,252 per kilogram in a business turnover of 11,420 lots. In the past week, silver fell Rs 2,351, or nearly 1 per cent, to Rs 2.46 lakh per kg. The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. In a post on Truth Social, US President Donald Trump said, "The deal with the Islamic Republic of Iran is now complete," adding that he had authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. In the international markets, Comex silver futures for July contract
INR appreciates under Rs 95 per dollar after RBI announces measures to support foreign capital inflows and strengthen forex liquidity
The Indian rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. The announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The RBI kept its repo rate Steady at 5.25% amid uncertainty owing to US-Iran War. However, it expanded the Fully Accessible Route, or FAR, to include all new 15-year, 30-year and 40-year government security issuances. Due to this, the foreign investors will get wider access to longer-tenor Indian government bonds. This also opens up more room to invest in Indias bond market. The central bank has also ...
Meesho partners with BSE to drive IPO readiness for MSMEs, digital sellers
E-commerce platform Meesho has partnered with the BSE to launch a new initiative aimed at helping micro, small and medium enterprises (MSMEs) and digital businesses transition into publicly-listed companies. The initiative, named 'Project Shikhar', was formalised through a Memorandum of Understanding (MoU) and aims to facilitate the listing of high-performing independent e-commerce sellers on the BSE SME platform, addressing their need for growth capital. BSE Managing Director and CEO Sundararaman Ramamurthy said the exchange pioneered the SME platform to give dynamic, job-creating businesses a direct route to capital markets. "Over the years, the BSE SME platform has enabled hundreds of MSMEs to list, raise growth capital and strengthen governance standards. This partnership with Meesho extends that ecosystem to digital-first entrepreneurs, helping e-commerce sellers become public companies," Ramamurthy said. A substantial segment of India's retail commerce operates in the informa
Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 5 May in Delhi, Mumbai and Kolkata
Gold and silver prices today show marginal gains in gold and a sharp decline in silver across major cities, amid geopolitical tensions, oil route risks and weak equity sentiment. The focus now shifts to developments in the Middle East and how the US-Iran war unfolds in the days to come.
How Wipro's Rs 15,000 crore share buyback offer can give double-digit returns in weak market
Wipro announced a Rs 15,000-crore share buyback at Rs 250 per share, offering a 22% premium. Retail investors could see returns of 11-13% with an expected 50-60% acceptance ratio. This tender route buyback, the first in three years, reserves 15% for small shareholders, potentially boosting their returns significantly.