RBI follow up on November action? There is a view that the rise in quicker and possibly riskier disbursement of personal loans might prompt more action by the RBI As on October 20, personal loan growth stood at 30 percent, with credit card outstanding and other personal loans up 28 percent and 25 percent, respectively….
On Budget FM Sitharaman Speaking at the CII’s event, Sitharaman said, “I don’t want to be a spoilsport, but the 1st February Budget is just a vote on account; a budget to meet expenditure till the next government comes to power. Finance Minister Nirmala Sitharaman at CII event Finance Minister Nirmala Sitharaman on December 7…
Paytm crashes 20% Paytm’s decision to scale down its low-ticket postpaid lending business comes after the RBI tightened the norms for unsecured consumer lending. Jefferies slashed its price target for Paytm while Goldman Sachs downgraded the stock. Shares of Paytm nosedived 20 percent in opening trade on December 7 after the company announced plans to…
Bull run on D-St may unleash an IPO flood , Sources also told that the coming two weeks are likely to see a flood of public issues with a target to raise Rs 10,000-12,000 crore. More than 15 IPOs to hit Dalal Street before Union Budget. The primary market seems to be keeping Dalal Street…
Parliament nod to spend Rs 14,524 crore As per the first batch of supplementary demands for grants for 2023-24, tabled in the lower house of Parliament on December 6, the Union government is looking to spend an additional Rs 1.29 lakh crore this year On a net basis, the Centre is seeking permission to spend…
BSE, NSE GIFT City units to be merged by Jan 2024; direct listing by April On October 30, the Ministry of Corporate Affairs (MCA) released a notification permitting certain classes of public companies to directly list on foreign stock exchanges The two operational international exchanges at GIFT City — BSE’s India INX and NSE’s International…
TV18 & E18 to merge with Network18 With an extensive presence across languages in both TV and Digital domains, the merger is poised to empower Network18 to consolidate and expand its business from a robust position, a statement from Network18 said Network18 Media & Investments Ltd (Network18) and TV18 Broadcast Limited (TV18) announced on December…
CLSA has said : Two-wheeler stocks, which have gained up to 23 percent in the last month, are already fairly valued due to its sharp rally and margins in electric 2Ws may remain a challenge in the near term Two-wheeler majors Bajaj Auto, Hero MotoCorp and Eicher Motors will be in focus on December 6 after…
Adani stocks continue a robust rally, jumping 15% as a US agency dismisses fraud accusations. Investor confidence strengthens amid positive developments for the conglomerate. Adani stocks continued to rally on December 6, surging up to 16 percent, after a report indicated that a US agency found the accusations by Hindenburg Research against the Gautam Adani-led…
The EU’s charging port rules kick in in December 2024, and India wants compliance by June 2025. Apple has for years offered a unique lightning connector port on its iPhones. Apple has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal…
