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: 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 →
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 its latest budget presentation, the Narendra Modi-led government reaffirmed its commitment to bolstering capital expenditure (capex) and maintaining fiscal discipline, a strategic stance that has characterized its financial governance in recent years. The budget showcases a significant escalation in capex, which has almost tripled in the past four years,Read More →
The Indian stock market witnessed a stellar week with both the Nifty 50 and Bank Nifty reaching new all-time highs this week. In the long term, the market holds immense potential, says brokerage firm Zerodha co-founder Nikhil Kamath. “In the long term, it likely has a lot of potential. InRead More →
MUMBAI : Yields on short term money market instruments are beginning to inch up again with rates on one-year commercial paper (CP) touching a high of 8%. Liquidity deficit, non-banking finance companies looking to raise short term money post the Reserve Bank’s decision to increase risk weights on loans toRead More →
The Indian corporate bond market is poised to double within six years, growing from ₹43 lakh crore in FY24 to ₹100-120 lakh crore in FY30, according to a report by CRISIL Ratings. The growth rate will majorly be driven by three factors on the supply side and one on theRead More →
MUMBAI : The Reserve Bank of India (RBI) purchased nine tonnes of gold in the September quarter, contributing to the 337 tonnes purchased by global central banks, and underscoring the importance of gold as a diversifier of its total reserves. With the latest quarterly buying, India’s official gold reserves stoodRead More →
Last week, the domestic market traded in a narrow bracket of 19,350 to 19,450, after a mild gap up, and straggled to cross 19,500. Following the Diwali holiday, the market commenced the current week with a substantial gap up, surging notably beyond 19,600. The week concluded with the market closingRead More →
Mint explains the reasons behind the rupee’s slide in the recent past and gives a peek into the futureRead More →
