External sectors steady despite geopolitical uncertainties: RBI
India’s external sector shows steady improvement, boosted by foreign investment inflows. The economy remains strong despite global uncertainties and trade disruptions. Foreign exchange reserves provide ample cover for imports and external debt. Exports and imports saw strong growth in the first quarter of this fiscal year. Bilateral trade agreements will further enhance India’s external trade […]
Mauritius tax protocol to give Indian taxman more powers to probe offshore entities
Mauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore entities suspected of tax evasion. The principal purpose test will deny treaty benefits if tax avoidance is a primary aim. This change follows the Tiger Global verdict and strengthens genuine substance requirements. The protocol aims to ensure […]
CSB Bank Q1 profit jumps 27% YoY to Rs 150 crore as provisions decline
CSB Bank reported a twenty-seven percent year-on-year net profit increase for the June quarter. Lower provisions and improved net interest income aided the bank’s financial performance. Sequential profit declined due to typical seasonal business trends in the first quarter. Gold loans saw significant growth, while total advances also expanded. The bank focuses on customer acquisition […]
Pharma stocks slide as Trump’s 100% generic drug tariff plan spooks investors
Indian drug shares declined Wednesday following US President Trump’s tariff announcement. These proposed tariffs will significantly impact companies with substantial US revenue exposure. Analysts suggest investors should now focus on domestically oriented Indian pharmaceutical firms. The Nifty Pharma index saw a notable decrease, while the benchmark Nifty 50 also fell. Negotiations are expected given India’s […]
Can Indo-MIM IPO deliver long-term growth for high risk investors?
Indo-MIM plans a ₹500 crore IPO for debt and corporate needs. The company will also raise ₹3,312 crore through an offer for sale. Its global market share in metal injection moulding is significant. Revenue and profit have shown strong annual growth in recent years. Risk-tolerant investors may consider this long-term opportunity.
Oil at $90-100 will impact macros and the market: Sunil Koul, Goldman Sachs
Global investors show increased interest in India’s equity markets recently. Corporate earnings and economic performance have remained quite strong. Foreign investors are diversifying portfolios away from concentrated tech positions. India’s market may see a catch-up rally after recent underperformance. Banks and tourism are identified as attractive investment pockets within India.