Ola Electric to announce Q1FY26 results today. Here’s what to expect
Ola Electric is set to announce its Q1FY26 earnings. The report indicates a weak quarter. Losses are expected to increase year-on-year. Sales may fall due to lower volumes. Kotak Institutional Equities predicts a net loss of Rs 459 crore. Revenue is estimated at Rs 685 crore. Volumes are projected to decline to 60,000 units.
Titagarh Rail shares in focus after Bengal land deal to boost Vande Bharat coach output
Titagarh Rail Systems is set to expand its Uttarpara facility after acquiring 40 acres from the West Bengal government for ₹126 crore. This expansion will boost Vande Bharat coach and metro car production, increasing capacity to 850 cars annually by FY28. A test track will also be established for performance validation.
Smarten Power Systems IPO set to list today. GMP signals healthy premium
Smarten Power Systems is set to list on the NSE SME platform on July 14, following a fully subscribed Rs 50 crore IPO. The IPO, priced at Rs 100 per share, saw strong interest, with shares already credited to investor accounts.
Asia stocks slip as US tariff war keeps investors on edge
Asian stocks declined due to Wall Street futures losses. U.S. tariff threats kept investors cautious. Trump considered tariffs on EU and Mexico. The EU planned to extend countermeasures. Investors seemed unfazed by Trump’s policies. Earnings season began with major banks reporting. Trump pressured Fed Chair Jerome Powell for stimulus. U.S. consumer price data is expected.
RBI likely to use ‘secured rate’ as new operative benchmark tool
Nomura suggests the RBI might replace the unsecured WACR with a secured rate like TREPS or SORR to enhance monetary policy transmission, aligning with global practices. Secured repo markets have grown significantly, while call money market volumes remain stagnant. This shift would necessitate more active liquidity management by the RBI, especially concerning mutual funds’ access […]
Citi India has capital buffer to last 2 years after retail exit: K Balasubramanian
Citigroup’s strategic shift to focus on corporate operations in India post-retail business sale to Axis Bank has yielded significant growth. The bank witnessed a substantial rise in revenue, profit, assets, loan book, and deposits.
Sub-prime lending by PSBs rises on the back of govt guarantees
Public sector banks in India are actively lending to Micro, Small, and Medium Enterprises. This lending focuses on new and lower-rated businesses. Government guarantee schemes facilitate this. Data from the Reserve Bank of India shows a decrease in subprime borrowers. Private banks focus on super-prime borrowers. Government schemes like CGFMU and ECLGS support MSME lending.
Nifty likely to stay weak, 25,000 seen as key support: Analysts
Last week, the Nifty fell below key averages, prompting a cautious short-term outlook due to global weakness and disappointing earnings. Analysts suggest 25,000 is a crucial support level, with a rebound needing to reclaim 25,400. FMCG, power, insurance, and railway stocks are exhibiting relative strength, offering potential opportunities amidst the market uncertainty.
F&O trade volumes slump nearly 20% after Sebi ban on Jane Street
Following SEBI’s ban on Jane Street for alleged market manipulation, India’s futures and options volumes experienced a significant drop last week. The daily average turnover in index options on the NSE fell by 17.4%, impacting market liquidity and efficiency.
Overseas investors make close to $100 billion from India investments
Overseas investors repatriated a record $97.7 billion from Indian investments in FY25. This is up from $87.5 billion in FY24. The increase is due to higher FDI inflows and debt investments. RBI data indicates a rise in income from foreign exchange reserves deployment. Indian companies also increased overseas investments. This balanced the investment income segment […]