Over the past three years, Indian corporate earnings growth has maintained a solid momentum, achieving a CAGR of 24%, for Nifty50. Throughout this period of sustained expansion, there have been fluctuations. Following the challenges posed by the COVID-19 pandemic, businesses exhibited a remarkable recovery, as evidenced by a 40% growthRead More →
The Midcap index rose 4%, which is the biggest weekly rise in the last seven months. The Small cap index surged 7%. According to analysts, the Nifty Bank witnessed a noteworthy surge of more than 2%, marking its largest weekly advance in the past four months. On Friday’s session, the SensexRead More →
MUMBAI : In late evening circulars stock exchanges NSE and BSE directed their member-brokers to take note of the Reserve Bank of India (RBI) notification of 5 January on hedging of foreign exchange risk, which restricts the use of exchange traded currency derivatives (ETCD) to hedging only from 5 AprilRead More →
Mumbai: IIFL Finance has taken several corrective measures to set its house in order after Reserve Bank of India’s diktat to stop disbursing gold loans. The non-bank lender has announced a capital raising plan to boost its capital adequacy and also changed its board and management to improve governance andRead More →
After the RBI action, One 97 Communications shares plunge 55 percent (From Jan 31 till date) on NSE and BSE. Moreover, following the announcement, major players like Jefferies and Macquarie also downgraded the stock rating. In a recent note, brokerage house Fisdom Research highlighted that before the recent decline sinceRead More →
MUMBAI : Overall inflows from foreign investors have hit a record high of ₹2.74 trillion this fiscal year, chiefly due to front-loading of government bond purchases by global banks and traders. This follows JP Morgan’s decision to include Indian government bonds in its government bond index-emerging markets (GBI-EM) from June.Read More →
In the course of preparing the budget, you have laid down a roadmap for a developed India. What are the key takeaways you intended for us? This process started before 8 October, when Prime Minister Narendra Modi addressed the nation from Red Fort (on 15 August). We believe ‘Amrit Kaal’Read More →
The largest insurance business in India, LIC, has received approval from the Reserve Bank of India (RBI) to purchase up to a 9.99% share in the country’s largest private sector bank. In its exchange statement, HDFC Bank stated that the permission was given with regard to the application that LICRead More →
Market has initiated 2024 with a positive stance, the outlook for equities appears promising, however equally favorable projections are for debt, commodities, and real estate. Equities is starting the year at premium valuation; it will have to handle headlines and hold-on to the rally waving since November 2023. The globeRead More →
National Payments Corporation of India (NPCI) has announced the launch of an ASBA-like facility in the secondary market. Set to begin next week in its beta phase for the equity cash segment, the ‘UPI for Secondary Market’ initiative is supported by key stakeholders, including clearing corporations, stock exchanges, depositories, stockbrokers,Read More →
