Mumbai

HUDCO issued ₹2,500 crore of 10‑year bonds at a 7.92% coupon, with demand strong enough that the issue was likely presold before the auction. On the same day, Power Finance Corporation placed 18‑month and 5‑year bonds, securing yields of 8.21% and 8.05% respectively. The benchmark 10‑year government bond yield rose 4 basis points to 7.29%. Overall, the three issuers raised more than ₹8,400 crore.

Nuvama Wealth Management Ltd. secures roughly $420 million for a commercial real‑estate fund partnered with Cushman & Wakefield Management, expanding its $39 billion client‑asset base. The move reflects a broader shift, as single‑family offices allocate about 60 percent of portfolios to alternatives and Indian family offices devote 40‑45 percent to private credit, venture capital, REITs and infrastructure. JPMorgan Asset Management reports a 40 percent rise in private‑wealth alternative assets across Asia‑Pacific over the past year, while alternative investment funds in India have nearly doubled to $64.5 billion since March 2024. At least six new vehicles launched this year aim to raise over $1.25 billion for real‑estate and infrastructure projects.

Jio Platforms shares closed about 27 per cent higher at 1,417.50 rupees on their first day of trading in Mumbai on 28 Oct, according to Bloomberg. The listing followed an initial public offering that raised 302 billion rupees, or about 3.2 billion dollars, the largest IPO in India's history. The issue was subscribed about 22 times, with qualified institutional buyers taking up their portion roughly 70 times over. The company's market value reached about 12.5 trillion rupees, making it India's second most valuable listed company after Reliance Industries, which owns more than 66 percent of Jio.