Here’s why Vinit Bolinjkar is bullish on Paytm
Two out of three loans in this sector are financed by Bajaj Finance. So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit costs and confirm that the […]
With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc
India’s GDP growth in the first quarter of FY25 has slowed to 6.7%, still above the decade average of 6.4%. The report by SBI highlights weak performance in agriculture and services sectors as factors. Nominal GDP, however, grew by 9.7%. Annual growth projections may be revised downwards to 7.0%.
Axis Bank, Indian Bank eye infra bond route for fund-raise next month
Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.
Dalal Street bulls scale new peaks
The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that parts of the market might […]
Dow notches record high close after upbeat economic data
The personal consumption expenditures report came on Friday after Fed Chair Jerome Powell last week expressed support for an imminent policy adjustment. Economic data next week includes the Labor Department’s August jobs report, due on Friday.
Sugar stocks surge on Ethanol push, analysts see more upside
The government’s notification removes the limit that exists on the diversion of sugar for ethanol production. “Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry,” said T […]
Adani Group can double local debt exposure: CFO
If longer-duration debt is included, the group will also be open to having as much as 15% of its debt from the local capital markets, Singh told ET, after launching Adani Enterprises’ maiden non-convertible debentures’ issue of ₹800 crore.
NSE sells digital examination business to CL Educate for Rs 230 crore
The National Stock Exchange (NSE) has sold its Digital Examination Business (DEX) to CL Educate Limited for Rs 230 crores. In an exchange filing, CL Educate announced that its board approved the acquisition of DEX from NSEIT Limited on Thursday.
Aadhaar to be common framework to onboard customers for financial products: Senior RBI official
Aadhaar will streamline the KYC process for financial products by addressing document redundancies, according to a senior RBI executive. The National Payments Council of India is working on this mandate but needs more time for clarity. Meanwhile, fintechs are encouraged to innovate in cross-border solutions and engage with regulators if needed, he adds.
Sebi revises criteria for entry, exit of stocks in F&O segment
“Given the need to ensure that only high quality stocks with sufficient market depth are allowed to trade in derivatives segment and considering the growth witnessed in market parameters since the last review conducted in 2018, the eligibility criteria for entry and exit of stocks in derivatives segment has been revised,” Sebi said in a […]