Wall Street snubs China for India in a historic markets shift
Investors are paying close attention to the contrasting trajectories of two of Asia’s greatest powers. India, the world’s fastest-growing major economy, has vastly expanded infrastructure under Prime Minister Narendra Modi in his bid to lure global capital and supply lines away from Beijing. China, on the other hand, is grappling with chronic economic woes and […]
Stressed return ratios a drag on Rashi Peripherals
Incorporated in 1989, Mumbai-headquartered RPL is a national distributor for 52 global technology brands through 50 sales and service centres and 63 warehouses across India. It covers various stages including pre-sales, technical support, marketing services, credit solutions and warranty management. It has two business verticals including personal computing, enterprise and cloud solutions (PES), and lifestyle […]
High yields may help IndiGo weather engine, supply storms
The growth in yield was chiefly contributed by robust domestic demand for travel. In the December quarter, the airline followed the strategy of increasing fares and introducing fuel charges.
Effective rates now largely higher than repo rate
An analysis of the weighted average call rate (WACR) shows that the key overnight market rate has been much higher than the repo rate was during the phase of rate hikes and stance of calibrated tightening that the central bank had adopted in 2018.
Ambuja Cements may get a lift as Adani warrant conversion deadline nears
In October 2022, Ambuja Cements issued warrants totalling ₹20,000 crore to the Adanis on a preferential basis at ₹418.8 per share. The company received ₹5,000 crore, or 25%, of the warrant issue as the mandatory upfront payment.
Juniper Hotels among 4 cos which have received IPO nod from Sebi
When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process. The regulator issued its final observations on the draft papers last week.
Weakening bond yields give a fillip to PSU banks’ rally
Analysts, however, say upsides in these shares could be limited because of rising credit costs and rich valuations. Shares of UCO Bank soared 15.23% to an all-time high of ₹60.65.