Oil falls after US, Iran talks conclude in Doha
Oil prices dipped as Qatar reported positive progress in indirect Iran-U.S. talks concerning the vital Strait of Hormuz. Despite recent exchanges, tanker traffic is recovering, with U.S. officials noting a return to pre-war levels. This, coupled with anticipated OPEC+ output hikes and a smaller-than-expected draw in U.S. crude inventories, is fueling expectations of oversupply and […]
From deep correction to fresh peaks: 10 stocks soar from 52-week lows to new highs in just three months
Several large-cap Indian companies have seen their stock prices surge from 52-week lows to highs within just three months. This impressive rally, yielding returns of 22-65%, is attributed to strong March quarter results, optimistic FY27 forecasts, and strategic moves like fundraising. Despite this momentum, many of these stocks remain undervalued compared to their historical valuation […]
SP Group to issue Rs 25,500 crore bonds against Tata Sons stake
Shapoorji Pallonji Group is launching a ₹25,500-crore bond issue, leveraging its 18.37% stake in Tata Sons. The bond’s repayment hinges on either Tata Sons going public via an IPO or a settlement with SP Group within 18 months. Recent central bank regulations classifying large entities like Tata Sons as upper-layer NBFCs significantly increase the likelihood […]
Corporate loan demand outpaces retail credit as firms shift from bonds to banks
Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts have made bank loans more appealing. Analysts anticipate this trend to continue, supported by improved liquidity, though a shift back to debt markets is possible. Small businesses are seeing particularly […]
Bharti Airtel’s NBFC arm begins commercial operation
Bharti Airtel’s non-banking financial arm, Airtel Money, has officially begun its commercial operations after securing a license from the Reserve Bank of India. The company, registered as a Type II Non-Deposit accepting NBFC, plans to be capitalized with Rs 20,000 crore over the coming years, with Bharti Airtel contributing 70% and the promoter group the […]
PSBs raise term deposit rates to reclaim deposit market share
Public sector banks are boosting term deposit rates to reclaim lost market share, a move that contrasts with private banks lowering theirs. Facing a decade of decline, PSBs are prioritizing liabilities to compete, especially as credit growth outpaces deposit mobilization. This strategic shift aims to regain ground, even if it impacts short-term profits, highlighting a […]
KPIT outlook shock sends IT stocks sliding as growth worries intensify
Mid-cap IT stocks faced a significant downturn Wednesday, led by KPIT Technologies’ warning of a near-term revenue slowdown. This has amplified investor worries about Artificial Intelligence’s impact on India’s software services sector. Several other IT firms also saw their share prices drop, with the Nifty IT index emerging as the day’s biggest loser. Analysts suggest […]
Upstox’s erroneous a/c freeze mail sparks client panic
Panic erupted among Upstox clients on Wednesday after an erroneous email incorrectly stated their trading accounts were frozen, with some reporting losses from hasty exits. The brokerage admitted to an “inadvertent error,” issuing a follow-up to disregard the initial message and apologizing for confusion. Upstox assured clients their funds and securities remain secure, attributing the […]