“Going forward, if you look at on the domestic side, domestically the things do not change. There have been tax cuts, the capex spending has been going up and also the announcement on the monsoon has been on the positive side that this year we are going to have good rainfall. The domestic view remains … Read more
“The problem is if a look at Nifty 50 index as an example, it is looking reasonable given the fact that you have a large number of companies in the Nifty 50 index and those companies have a fairly large weight in terms of contribution to profits of the Nifty 50 index,” says Sanjeev Prasad, … Read more
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
India is “capital starved” and if the country has to meet its aspiration of 8 per cent growth to reach USD 5 trillion economy, it needs to work towards getting capital, Piramal Group Chairman and Executive Director Ajay Piramal said on Thursday. Speaking at the Times Network India Economic Conclave 2023, he said India must … Read more
“This will definitely delay the process because I think the NCLT approval on the merger cannot come in until these cases are resolved. But nonetheless, I think the amounts therein are very low,” says Karan Taurani, Elara Securities.I just want to talk about this overhang. Now, this is further going to seem like it is … Read more
Mumbai: The likely shift to provisioning based on expected losses from incurred losses could be cumbersome for some public sector and regional private sector banks, according to analysts. Even as most banks have strengthened capital buffers post Covid-19, expected credit loss (ECL)-based norms could release existing provisioning for large banks such as ICICI Bank and … Read more
In a fresh salvo to the ongoing simmering tension between the minority shareholders of Hinduja Global Solutions (HGS), the listed technology company of the family and the promoters over the technology companies decision to buy Nxt Global, a loss making sister company, also listed, the former have reached out to the stock exchange regulator to … Read more
Like many of its larger peers, was left sulking in a corner after the Nifty topped out in October last year. Now with the changing market mood and Q1 earnings show, the Hindujas-promoted lender is among the top performers in the Bank Nifty pack. The stock shot up more than 15 per cent last week … Read more
Bank, part of the private sector banking space, has fallen over 30 per cent from its October 2021 highs firmly placing the stock in a bear grip and chart patterns suggest that the pressure is likely to continue. The stock with a market capitalisation of more than Rs 63,000 crore hit a 52-week high of … Read more