Latest Updates Around The World
Mumbai: Hindujas-promoted lender IndusInd Bank on Friday reported a sharp 91% decline in third-quarter net profit to ₹128 crore as asset quality deteriorated and provisions rose. But the bank swung to a profit after posting a loss of ₹437 crore in the second quarter, after accelerated microloan disbursements and the lingering impact of prolonged misreporting […]
Foreign institutional investors (FIIs) are piling into India’s public sector banks after a blistering rally added Rs 4.5 lakh crore in market capitalization over the past year, with FIIs raising stakes in 10 of the 12 PSU lenders in the December quarter as improving fundamentals and attractive valuations bring about a major change in investor […]
Indian equity markets showed signs of recovery with a return of buying interest, but traders should brace for higher volatility in the near term, said Rahul Sharma, Director and Head – Technical & Derivatives Research at JM Financial Services.Speaking to ET Now, Sharma said the Nifty 50 has found short-term support around the 25,900-25,950 zone […]
The combined market valuation of three of the top 10 most valued companies rose by Rs 75,855.43 crore last week during a holiday shortening, with State Bank of India and Infosys emerging as the biggest gainers, in an otherwise sluggish trend in equities.Last week, the BSE benchmark Sensex fell by 5.89 points and the NSE […]
National Stock Exchange of India Ltd (NSE), the country’s largest exchange, plans to file its draft prospectus for the much-awaited public listing by the end of March, two people familiar with the matter said.The exchange is in talks with investment bankers and law firms to finalize the prospectus and gauge investor interest in what could […]
India’s record Rs 1.95 trillion float in 2025 delivered a $417 million windfall for investment banks as underwriting costs soared to a record high amid a surge in stock prices that boosted bankers’ pricing power after years of cutthroat competition, according to LSEG data cited by Bloomberg.The total fee pool rose alongside a steady increase […]
The combined market valuation of seven of the top 10 most valued companies fell by Rs 3,63,412.18 crore last week, with Reliance Industries emerging as the biggest laggard, amid a bearish trend in equities.Last week, the benchmark BSE fell 2,185.77 points or 2.54 percent. “Indian stock markets closed on a negative note last week, reflecting […]
It was another tough day for Dalal Street with benchmark indices trading lower for the fifth straight session as investor sentiment remained under pressure. Friday’s sell-off extended the recent correction, reflecting caution amid sector-specific volatility and global uncertainty.Despite the gloom, technical indicators suggest the market may be approaching a major turning point. Speaking on ET […]
Quarterly earnings from October to December are expected to post the highest growth in eight quarters on the back of an improved earnings environment, with the Nifty likely to post 8% year-on-year growth, Motilal Oswal Financial Services (MOFSL) said. Meanwhile, profits of companies within MOFSL’s coverage universe can report 25% year-on-year growth.Excluding financials, earnings for […]
Kolkata: The Reserve Bank of India (RBI) on Tuesday proposed increasing the dividend payout ceiling for banks to 75% of net profit from the earlier 40% rule. It also wants bank boards to monitor asset quality and provisioning gaps, capital projections and long-term growth plans before declaring a dividend. The regulator has laid out a […]
