Latest Updates Around The World
At a time when the Indian banking system is witnessing a steady recovery in credit growth, concerns over the loan-to-deposit ratio (LDR) have revived. The debate focused on whether rising credit growth relative to deposits could become a structural headwind, especially for public sector banks.Speaking to ET Now, Yuvraj Choudhary of Anand Rathi Institutional offered […]
Shares of solar energy companies rose in trading on Thursday as brokers dismissed concerns after the US imposed a provisional 126% tariff on solar energy, citing multiple reasons.Shares of Waaree Energies rose over 2% to trade at Rs 2,764.5 per piece, while shares of Premier Energies rose around 2% in morning trade on Thursday to […]
Shares of Tejas Networks rose 10% on Thursday, reversing a four-session losing streak. The stock hit an intraday high of Rs 349 on the BSE after the company signed a major deal with NEC Corporation for manufacturing and supplying massive 5G MIMO radios.MIMO (Multiple-Input Multiple-Output) is a wireless technology that increases data speed and signal […]
Shares of FSN E-Commerce Ventures have staged a sharp comeback, rising 64% over the past year to emerge as the top performer in the internet space amid signs of an operational turnaround. However, Nykaa’s parent company’s valuations raise concerns about whether the current price offers a favorable risk-reward proposition and whether the stock has enough […]
The Indian Railway Finance Corporation (IRFC) offer for sale (OFS) opened flat at the floor price of Rs 104, valuing the total issue at around Rs 5,436 crore through the sale of 4% equity stake.The Center has proposed to divest 2% stake in IRFC, with another 2% offered as a green shoe option. Under the […]
Wall Street ended higher on Wednesday, continuing its tech-led rally and hitting a two-week high, as concerns about artificial intelligence disruption and costs took a back seat to renewed optimism about the emerging technology’s potential benefits.All three major U.S. stock indexes advanced, with the chip-powered Nasdaq posting the biggest percentage gain as markets came to […]
Corporate America just had one of the strongest earnings seasons in recent memory, but if you look at the stock market, you wouldn’t know that. Companies in the S&P 500 grew their profits by 13% in the fourth quarter, nearly six percentage points better than expected. They also offered optimism about the year ahead. The […]
ET Intelligence Group: The imposition of countervailing duties (CVD) by the US Department of Commerce on solar panels from India will not only impact exporters but also companies targeting the domestic market. With the viability of shipments to the US uncertain due to a CVD of 125.87%, exporters are likely to shift unsold inventory to […]
Kolkata: Fairfax-backed IIFL Finance plans to raise $500-750 million (₹4,547-6,820 crore) in external commercial loans and dollar bonds in March, as part of its strategy to diversify resources and finance growth. The gold loan-focused non-bank lender is in talks with existing investors as well as banks from Singapore and Taiwan, managing director Nirmal Jain told […]
Following an alleged data breach in the Yes Bank-BookMyForex multi-currency forex card, Yes Bank said in a statement to ET that the bank had flagged unusually high unauthorized transactions on its multi-currency prepaid forex cards on February 24. About Rs 2.5 crore worth of transactions were approved for around 5,000 customers even as 688 attempts […]
