Asian shares post modest drop with focus on Nvidia
Asian stock markets showed mixed performance. Investors are keenly waiting for Nvidia’s earnings report. This report will likely guide market trends. Nikon shares rose in Japan. Cambricon Technologies in China reported record profits. US shares increased, led by Nvidia. Investors are also watching for Friday’s inflation data. The market is focused on a potential September […]
Cash less, care less? Insurer-hospital standoff may add to patient trauma
The General Insurance Council (GIC) has criticized the Association of Healthcare Providers India (AHPI) for discontinuing cashless hospitalization for Bajaj Allianz General Insurance and Care Health Insurance customers, deeming it disruptive and harmful. AHPI’s decision, driven by disputes over reimbursement rates amid rising medical costs, will require patients to pay upfront and seek reimbursement later.
Credit card game is back in full swing as players take the risks
Expenditures climbed 5.5% from June to Rs 1.93 lakh crore, which was a third higher than in July last year, the Reserve Bank of India (RBI) data showed. Net new card additions in July hit a five-month high at 425,000, taking the total tally to 111.6 million. The industry had reported a marginal contraction of […]
Jana Small Finance Bank set to merge investment and financial holding firms
The decision to merge the two holding companies into one is not related to Jana’s universal banking aspirations while this would only help improving efficiency through a leaner structure, managing director and chief executive officer Ajay Kanwal said.
Gangwals to sell 3.1% in IndiGo parent via Rs 7,020-crore block deals
Rakesh Gangwal’s family is set to sell a 3.1% stake in InterGlobe Aviation (IndiGo) through block deals valued at $801 million, priced at ₹5,808 per share, a 4% discount. This sale marks a continuation of Gangwal’s gradual departure from IndiGo since stepping down from the board in February 2022, with a 150-day lock-up period agreed […]
Why are companies withdrawing bond sales amid rising yields?
India’s bond rally has ended, compelling Hudco and Bajaj Finance to withdraw bond sales due to elevated yields. Government bond yields surged to a five-month high following GST structure rejig fears and a shift in monetary policy. This has increased borrowing costs for state governments and corporations.
Govt bonds on investor radar again as yields surge, FDs lag
Rising bond yields have created an attractive entry point for long-term investors, surpassing bank fixed deposit rates. Experts suggest that current yields, particularly on the long end, offer a strong investment opportunity, especially on a post-tax basis. State Development Loan yields have also increased, presenting a compelling alternative for retail investors seeking stable and higher […]