Aavas Financiers stock sees 7% gain amid attractive valuations
Aavas Financiers’ stock is recovering after a subdued June quarter, fueled by expectations of improved loan disbursement and attractive valuation. Despite a change in disbursement recognition policy impacting AUM growth, the company anticipates double-digit growth, driven by branch expansion and controlled credit costs. Analysts have revised target prices, with some upgrading their ratings on the […]
Asian stocks cautious as markets anticipate potential rate cut from US Fed
Asian stocks began cautiously as markets anticipate potential rate cuts from the U.S. Federal Reserve and possibly the Bank of Canada this week. Investors are closely watching the Fed’s future guidance amid economic concerns and President Trump’s criticism. China’s economic data and U.S.-China trade talks are also key factors influencing market sentiment, alongside oil price […]
Yuan’s gradual advance may offer boost to emerging currencies
China’s shift towards yuan appreciation is poised to boost emerging-market currencies, fueled by expectations of lower US interest rates. The yuan’s influence as a regional anchor and its impact on trade flows extend beyond Asia. This policy change signals a departure from maintaining yuan stability, potentially easing central bank policies and benefiting the broader emerging […]
Festive offers, tax cuts to fuel retail lending by banks
Indian banks are strategically leveraging the festive season and recent tax cuts to revitalize loan growth, particularly in high-margin retail sectors. HDFC Bank, ICICI Bank, Axis Bank, SBI, and BoB are rolling out festive offers and discounts to capitalize on increased consumer spending.
Yes Bank stake sale: SBI, private banks set to reap a big tax bonanza
SBI and a group of private banks are poised to receive a tax exemption on ₹13,483 crore income from selling their stake in Yes Bank to SMBC. The Yes Bank Reconstruction Scheme, 2020, exempts banks from capital gains tax on profits from the share sale. This deal marks Japan’s largest bank’s entry into India.
Inflation’s ways give room for a rate cut, but RBI may not do it
Despite benign inflation and room for monetary easing, economists anticipate the RBI to maintain rates at its October meeting. While recent GST cuts and a strong Q1 GDP offer a consumption boost, the impact of tariffs and potential food price increases due to crop damage create uncertainty.
Improving sentiment may take Nifty towards 25,500: Analysts
Nifty 50 is set to climb towards 25,500. Market breadth is improving. Analysts suggest buying on dips, with support at 24,700. BFSI, auto, consumption, and metals sectors are likely to outperform. IT and infrastructure sectors present bargain-buying chances. Stocks like SBI, Axis Bank, TCS, and Maruti could see gains. Railtel and Persistent Systems also look […]
Market cheers Infosys buyback, but tax bite looms for investors
Infosys has announced a mega share buyback. This has brought cheer to the stock market. New tax rules apply to this buyback. Individual shareholders now pay tax on the entire buyback amount. This is treated as dividend income. TDS applies. Investors can record capital loss. This can be set off against capital gains.