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Oil prices have been falling for four consecutive days. This is due to the possibility of a Russia-Ukraine peace deal easing sanctions. There are also concerns that global tariff wars could slow economic growth and reduce energy demand. U.S. President Trump and Russian President Putin might meet soon to discuss ending the Ukraine war.

Ajax Engineering s IPO saw a strong response, with a 6x overall subscription and 13x in institutional categories. Despite this, a flat debut is expected, with a GMP of Rs 0. The company is known for its significant innovations in concrete equipment, including the SLCM with load cell technology.

PS Raj Steels IPO allotment will be finalized today, with shares allocated on a lottery basis. Investors can check the status via NSE or Link Intime India. The IPO saw strong demand, being oversubscribed nine times. Listing is set for February 19, and the funds will support working capital needs and corporate purposes.

The development comes even as the non-banking financier pared down debt by paying off Asian credit company PAG s ₹1,500 crore last month. With that loan taken at "high teens" in 2022 now paid back, all high-cost loans taken after the 2018 IL&FS crisis have now been settled, which opens new avenues for business, Banga said.

PD Singh was the top choice for the Asia focussed UK bases lender among three names sent to the RBI, after interviews held in October, ET had reported in its December 11 edition. Singh had stepped down as CEO of JP Morgan in India, in June last year before the end of his term. He had received regulatory approval in January 2023 for a three-year term.

Since January 30, the RBI has taken measures to infuse durable liquidity via various OMOs and VRRs, in addition to ₹43,000 crore via foreign exchange swaps. In addition, the central bank conducted screen-based OMOs for ₹59,000 crore.

Omnichannel eyewear retailer Lenskart has started the process of its initial public offering (IPO) and is looking to file its draft papers by May, sources told ET. The company is set to enter the public markets with a $10 billion valuation, double its previous funding round.

Piramal Enterprises Board approved the issuance of secured, rated, listed, and redeemable non-convertible debentures (NCDs) worth up to Rs 450 crore on a private placement basis.

Geopolitics remained in focus with reports that talks on the Russian-Ukraine conflict will begin in Saudi Arabia this week, though the participants are not entirely clear.

According to the ETIG analysis, aggregate revenue for a sample of 3,400 companies rose by 6.9% while net profit grew by 12.6% year-on-year in the December quarter. Revenue and profit growth was 7.9% and 26.2%, respectively, in the year-ago quarter.