Fintech firm Credilio unveiled novio – an app to widen the credit card landscape for over 400 million UPI active customers. novio aims to make financial inclusion and credit card lifestyle accessible for every Indian household, the firm said in an official statement. novio has introduced a guaranteed card concept, allowing users to build their … Read more
Pranjul Bhandari, Managing Director, Chief India Economist, Asean Economist, HSBC, says “the construction-led activity has given an alternate source of income to rural India. And all of these things come in cycles. I think we are on the upward side of a new financial cycle and things like credit growth, housing prices, construction activity all … Read more
India is undergoing an industrial renaissance and the country is the most promising structural growth story in Asia over the next decade, an HSBC Global Private Banking release said on Wednesday, quoting HSBC’s Chief Investment Officer (CIO) James Cheo. Cheo has picked Indian banks, consumer discretionary and IT companies as his top bets in the … Read more
Mumbai: State Bank of India, which owns nearly a fifth of the country’s outstanding banking-sector credit, is tapping the overseas markets again to raise up to $750 million through bond sales being arranged by JP Morgan, BoFA Securities, Standard Chartered Bank and HSBC, two banking industry sources told ET. The bond sale, part of the … Read more
The Street saw a host of block deals on Tuesday as both foreign and domestic institutional investors picked up stakes in 360 One, Inox Wind, Bikaji and Minda Corp. Inox WindPromoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price … Read more
Shares of Titan Company fell 3% to the day’s low of Rs 2,886 on the NSE in Thursday’s early trade after the jewellery maker reported a 2% year-on-year (YoY) decline in the June quarter net profit on Wednesday. Tata Group‘s fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 … Read more
Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on … Read more
Mumbai: Delhi International Airport (DIAL) has raised ₹1,200 crore through bonds maturing in April 2030 at a rate of interest of 9.75%, sources aware of the development said. ICICI Bank, Barclays and HSBC were the arrangers for the issue, the sources said. In September 2022, ET reported that GMR Airports, which operates the Delhi and … Read more
Foreign investors net sold Indian equities worth over $4.6 billion (₹35,000 crore) in May so far – the highest in emerging markets – amid concerns over the possibility of a recession in the US, rising interest rates and a firming dollar. This flow included their activity both in secondary and primary markets. Only on the … Read more
JP Morgan Chase has become the world’s most systemically important bank once again according to the latest annual ranking of top lenders by global regulators, with BNP Paribas and Goldman Sachs also now deemed more systemic. The Financial Stability Board (FSB), made up of regulators from G20 countries, published its latest table of the world’s … Read more