NEW DELHI: India’s second largest private sector lender ICICI Bank shares rallied over 2.5% today to Rs 906.75 after analysts said its Q4 earnings were flawless for the thirteenth quarter in a row. The bank reported a solid 30% YoY profit growth on the back of 35% YoY operating profit growth. In the March quarter, … Read more
Earnings season gets into full swing, while the first snapshot of business activity in April could provide a sense of how much pain the turmoil in the banking sector has inflicted on the world economy. China and Britain release key economic data and officials from the Group of Seven nations talk climate goals. Here’s a … Read more
“We also believe sectors like auto, industrials, and consumption could benefit from margin expansion over the next few quarters given the slump in crude, metals, and freight rates albeit volume growth could be tepid,” says Kaizad Hozdar – Investment Advisor, TrustPlutus Wealth. In an interview with ETMarkets, Hozdar said: “We continue to keep faith in … Read more
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view. With the first signs of dents in economic growth now visible, and fallout from financial-market tensions lingering, any pause by the Federal Reserve after at least one more … Read more
Global macroeconomic and financial sector headwinds are set to take a deep toll on the domestic IT companies’ revenue growth in FY24, a report said on Friday. The Rs 10 lakh crore sector is likely to witness revenue growth plunging by up to 9 percentage points to 10-12 per cent in FY24 as against the … Read more
DUBAI: The chairman of top Credit Suisse shareholder Saudi National Bank (SNB) has stepped down less than two weeks after making comments blamed for contributing to the Swiss lender’s demise. Ammar Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds. … Read more
Credit Suisse Chief Executive Ulrich Koerner spoke of the strength of the Swiss lender’s liquidity basis in an interview with CAN on Wednesday, after its share price dropped more than 30% following comments by the company’s lead investor. “Our capital, our liquidity basis is very very strong,” Koerner said. “We fulfill and overshoot basically all … Read more
Amidst the ongoing tussle for credit among BJP, Congress and anata Dal (Secular) for the Bengaluru-Mysuru Expressway which will be inaugurated on Sunday, the Aam Aadmi Party in Mysuru on Saturday said the parties were fighting amongst themselves conveniently forgetting that the expressway was built from the taxpayers’ money. Hitting out at the parties for … Read more
“Going forward investors need to understand which Adani companies valuation-wise make sense to hold or which to buy at the current levels,” says Neeraj Dewan, Quantum Securities How should one view Adani Group of stocks after GQG buying into these counters? A big renowned fund putting in money in the Adani Group definitely gives some … Read more
The private credit has grown significantly not only in India but across the world, particularly post the pandemic. India’s corporate credit has gone through a phase of very good balance sheet strengthening, which has widened the space for investments in debt instruments, according to Mohamed Irfan, fund manager – private credit, Vivriti Asset Management. “We … Read more