Latest Updates Around The World
R Subramaniakumar, Managing Director (MD) and Chief Executive Officer (CEO) of RBL Bank | Photo credit: FRANCIS MASCARENHAS Private sector lender RBL Bank is aiming to join the league of big banks following a capital infusion from Emirates NBD Bank, which has proposed to acquire a 60 per cent stake in RBL through a primary […]
The Indian market reversed early gains to close lower for a second straight session on Tuesday, with a pullback in the financial sector weighing on sentiment. Meanwhile, LG Electronics India, despite not being part of the indices, made a blockbuster debut, with a 50% premium to its issue price, the strongest market debut for a […]
The earnings season for the September quarter, which started on October 9 when TCS announced its second-quarter earnings, is expected to be modest, with Nifty companies likely to post earnings growth of around 6% year-on-year, according to estimates. The results are now coming thick and fast, with a whopping 212 companies set to announce their […]
Indian markets closed flat on Wednesday after posting gains after a strong start to the session. Attention will focus on the first US unemployment benefits figures released today. Analysts expect markets to remain within a range in the near term, monitoring global signals and second-quarter earnings announcements. STATE OF THE MARKETSGIFT Nifty (earlier SGX Nifty) […]
According to Motilal Oswal, the impact of the Reserve Bank of India’s (RBI) 50 Basic points (BPS) rate in June on the credit lock of banks will be fully reflected in Q2FY26, while the moderation of the costs of funds will take place with a delay | Photocredit: Bluestocking Banks are likely to report the […]
Markets traded moderately on the monthly due date and ended almost unchanged in the midst of mixed signals. Since the RBI policy meets the outcome approaches, analysts said that tariff-sensitive sectors such as banking, car and realty probably remain in focus. “Technically, 24,600 remains an immediate support and an infringement could open the doors for […]
Mumbai: The latest reforms in goods and service tax is expected to unlock a new credit demand, in particular in the segments for small and micro, small and medium-sized companies (MSME). Bankers say that the question is likely to be powered by increased consumption activity, working capital needs and private capital expenditures. The makeover that […]
The French Multinational Bank Societe Generale bought more than 31 Lakh shares worth RS 79 Crore in RBL Bank on Thursday via Bulk Deals. The shares were purchased at a price of RS 250.57 each, which was a 2% discount for Tuesday’s closing price. Shares of RBL Bank today finished RS 253 on the NSE, […]
Mumbai: Credit cards, often seen as an accurate proxy for the demand of urban consumption in India, saw additions to both the customer base and in July expenses, which reflected what some analysts described as revival in risky appetite by regular lenders. The expenditure climbed by 5.5% from June to RS 1.93 Lakh Crore, which […]
