Brokers ask clients to cut leverage as selloff deepens
As many as 70 stocks with more than ₹1,000 crore in market capitalisation have declined between 15% and 50% in the last five trading sessions while another 250 stocks have dropped 10-15% during this period.
What India’s doing domestically is huge… global piece is icing on cake: Citigroup CEO Jane Fraser
Geopolitics dominates. It is the year of elections and that is going to have quite a big impact on the medium-term macroeconomic and other forces. Then you’ve also got transformative technologies where there are some countries which are on the front-foot in some sectors and others that may be a little bit sleepier on that […]
RBI asks for info on gold loan frauds
The Reserve Bank of India has asked banks to share info on gold loan frauds and review lending processes after employees manipulated the system. A whistle-blower complaint revealed collusion with customers, manipulated repayments, and liens. RBI banned IIFL Finance from new gold loans. No response from RBI.
Benign input costs help cos grow profits faster than interest outgo
The ratio indicates the ease with which a company can pay interest on the borrowings — higher the ratio, better it is. It is calculated by dividing the operating profit (earnings before interest and tax or EBIT) by interest outgo for a given period.