Latest Updates Around The World
The combined market valuation of seven of the top 10 most valued companies fell by Rs 35,439.36 crore last week during a curtailed holiday period, with State Bank of India taking the biggest hit, in line with a subdued trend in equities.Last week, the benchmark BSE rose 112.09 points or 0.13 percent. Among the top […]
Channel checks at loan sales offices indicate that while overall credit growth is stabilizing, the composition of growth is changing, with secured retail and SME loans the main drivers.The most notable shift is in SME lending, where public sector banks have regained their dominance over the past six to nine months. Faster turnaround times of […]
India Inc has registered its first profit rise in five quarters, signaling a turnaround in the corporate profit cycle after a long period of austerity. The upgrade is largely driven by mid- and large-cap companies, even as small-caps continue to be downgraded.In Motilal Oswal’s equity universe, FY2026 earnings after tax (PAT) increased by 2% over […]
Mumbai: The Indian rupee fell on Monday after a three-day rally against the US dollar, although it did not cross the 90 mark. The decline was driven by demand for dollars from local companies and pressure from the non-deliverable futures market, which offset recent intervention-led gains. The rupee closed at 89.65 per dollar, down 0.4% […]
Indian shares closed lower on Wednesday, with the Sensex and Nifty extending their declines to a third straight session, as investors grappled with uncertainty over the US Federal Reserve’s interest rate outlook following mixed signals from US jobs data. Sentiment was further dampened by the lack of progress on a future US-India trade deal, keeping […]
ICICI Prudential AMC’s IPO has generated one of the strongest demand signals in India’s primary markets. The Rs 10,600 crore IPO attracted bids worth nearly Rs 3 lakh crore from 55 lakh applications, making it the fourth largest subscription amount in the history of Indian IPOs.In comparison, Tata Capital’s IPO had received around 23.6 lakh […]
The Indian market closed lower on Tuesday, with the Sensex and Nifty extending their declines for a second straight session, as continued foreign portfolio outflows and a weakening rupee kept investors on edge. Lingering uncertainty over a possible US trade deal contributed to the cautious mood on Dalal Street.The S&P BSE Sensex fell 533 points, […]
The combined market valuation of eight of the top 10 most valued domestic companies fell by Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank taking the biggest hits, amid a largely bearish trend in equities.Last week, the BSE benchmark index fell 444.71 points or 0.51 percent. Out of the top 10, Reliance […]
ICICI Prudential AMC, the country’s largest active mutual fund manager, saw 53% subscription on the first day for its Rs 10,602 crore IPO. The issue led to bids for shares of Rs 1.85 crore against the offered shares of Rs 3.50 crore.The subscription window will remain open for three days and close on December 16. […]
London-based Prudential Corporation Holdings is poised to raise a whopping Rs 10,603 crore in the IPO of India’s largest active asset manager, posting a mind-boggling 108,170% return on shares bought 20 years ago at just Rs 2 each. ICICI Prudential Asset Management Company’s mega offering, which opened for public subscription on Friday, has created a […]
