Friday, August 14
India’s aluminium futures on MCX surged to a record territory above ₹320/kg in early January 2026, mirroring a sharp upswing on the London Metal Exchange (LME), where prices broke $3,000/ton for the first time since 2022 amid tightening global supply. As a core industrial metal in India’s growth story, aluminium’s 2025–26 rally is rooted in constrained global supply, policy-driven trade frictions, and resilient end-use demand.Why India rallied so hardSeveral India-specific forces have amplified the global uptrend. First, a persistent domestic premium over LME reflects tight local supply, strong end-use demand especially in areas like power, construction, and automotive. In addition, relatively limited scrap availability is forcing greater reliance on costlier primary metal. Secon
Torrent Pharmaceuticals has raised ₹12,500 crore through multiple tenure debentures to fund its acquisition of JB Chemicals & Pharmaceuticals, which was announced in June last year. Mutual funds, insurance companies, and pension funds placed their bids in the electronic system on Friday at yields ranging from 7.20% to 7.80%."The amount was spread across tenures and amounts, starting with ₹1,500 crore raised through a one-year commercial paper. Non-convertible debentures (NCDs) also have also been issued at two-, three-, four-, and five-year tenures with the aggregate amounting to ₹12,500 crore, which will be used to fund the JB Chemicals acquisition," said a person aware of the details.Torrent raised ₹2,000 cr at 7.45% by selling two-year NCDs, ₹2,500 cr at 7.60% from three-y
Shanghai: China's electricity consumption climbed 5% to a record high last year, surpassing 10 trillion kilowatt-hours for the first time, the National Energy Administration said on Saturday.The 10.37 kWh milestone exceeded the combined consumption of the European Union, Russia, India and Japan in 2024, according to state media reports.Rising demand for electricity in China has been driven in large part by high-tech industries.Electric power use by the internet and related services sector surged more than 30% in the first 11 months of 2025, while demand from manufacturers of new energy vehicles, which includes EVs and hybrid cars, jumped more than 20%.
Jefferies' global head of equity strategy, Chris Wood, flagged concerns about the existential risk of Bitcoin, highlighting that the arrival of quantum computing could undermine its security. In his newsletter Greed and Fear, Wood said he removed allocation to Bitcoin in his model portfolio, replacing that with gold and gold-mining stocks.According to him, the potential emergence of Cryptographically Relevant Quantum Computers (CRQCs) could weaken the assumption that Bitcoin is secure, as it would increase the risk of the digital asset being compromised."There is an ongoing discussion about whether to 'burn' the quantum-vulnerable coins or to do nothing and risk having those vulnerable coins being 'stolen' by entities with so-called CRQCs," said Wood in the note.He said that while deriving
The Securities Appellate Tribunal (SAT) Friday set aside market regulator Securities and Exchange Board of India's (Sebi) order barring Bombay Dyeing & Manufacturing Co, its promoters Nusli Wadia and his sons Ness and Jehangir, from the securities market for two years for indulging in an allegedly fraudulent scheme of misrepresenting the company's financial statements.The tribunal also quashed Sebi's direction restraining the Wadias from holding director positions and from being key managerial personnel in a listed company for one year. It has also directed Sebi to refund the penalties paid by them within four weeks of the order. The regulator had imposed a monetary penalty of ₹2.25 crore on Bombay Dyeing, ₹4 crore on Nusli Wadia, ₹5 crore on Jehangir Wadia and ₹2 crore on Ness
