India is ‘capital starved’, needs to work towards getting capital to become USD 5-trillion economy: Ajay Piramal

India is ‘capital starved’, needs to work towards getting capital to become USD 5-trillion economy: Ajay Piramal

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

Zee valuations at a reasonable level, do not offer too much downside: Karan Taurani

Zee valuations at a reasonable level, do not offer too much downside: Karan Taurani

“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

Small banks may need to boost provisioning: Analysts

Small banks may need to boost provisioning: Analysts

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

Minority holder taps Sebi on Hinduja tech company merger

Minority holder taps Sebi on Hinduja tech company merger

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

Up over 15% in 5 days, is this Nifty bank stock on track for a major re-rating?

Up over 15% in 5 days, is this Nifty bank stock on track for a major re-rating?

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

Chart Check: IndusInd Bank forms Head & shoulder pattern; short for Rs 650 target in 1-2 months, says Kapil Shah

Chart Check: IndusInd Bank forms Head & shoulder pattern; short for Rs 650 target in 1-2 months, says Kapil Shah

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