Business buzz on Nov 13: RBI’s 'too big to fail' banks list; $2 billion gain from Swiggy, and more

Today’s top stories spanned from a milestone IPO in India’s food delivery sector to crucial regulatory updates in banking and consumer protection. Swiggy’s big debut on the stock market has everyone talking, while India’s renewable energy sector marks an impressive milestone, moving the country closer to a sustainable future. Amid these developments, the CCPA has rolled out new guidelines to keep coaching ads transparent, and gold ETFs are seeing record inflows as investors lean into safe-haven assets.

Here’s what’s driving the day’s business buzz:

India’s renewable energy capacity has hit an impressive 203 GW, accounting for nearly half of the country’s total 452.69 GW power capacity. Solar energy leads with 92 GW, followed by wind at 47 GW, with hydro and biopower contributing as well. In a steady march toward its green energy goals, the country has also seen a substantial year-on-year increase in renewable capacity.

Gold exchange-traded funds (ETFs) have hit a record with Rs 1,961 crore inflow in October—a 59% spike over the previous month—as investors flock to gold amid the festive season and economic uncertainties. This is the highest monthly inflow for gold ETFs this year, pushing assets under management to Rs 44,545 crore. Financial analysts say the gold rush is due to its role as a safe haven asset in times of global instability. The surge reflects not just India’s love for gold but a growing trend of adding it to portfolios as a hedge against market volatility.