Kharif sowing recovers after July rains
India’s kharif planting has rebounded impressively following beneficial rainfall in July. Farmers are keen to recover from the setbacks of a parched June, showcasing an optimistic shift. The sowing of crucial crops like pulses and oilseeds is on track across the nation. Nevertheless, some crops still have acreage that is less than last year’s. This […]
RDIF AIF selection expected to be completed in two weeks
The government is in the final stages of choosing alternative investment firms for the research fund, with the decision expected to wrap up in the coming fortnight. Meanwhile, funds are actively being allocated to other selected firms for investment purposes. Robust safeguards are implemented to ensure protection for both public and private capital, reinforcing transparency […]
IDFC First Bank raises $500 million through maiden overseas bond issue
IDFC First Bank raised $500 million through its first international bond issuance, marking its entry into global debt markets. The three-year bonds carry a 5.625% coupon and mature in 2029. Backed by an investment-grade S&P rating, the issue attracted major global investors, diversifying the bank’s funding sources and supporting long-term expansion.
Nifty price-to-book ratio hits 6-year low, but market may not be cheap
The Nifty’s price-to-book ratio has slid below three for the first time in six years, showcasing the banking sector’s struggles alongside rising book values. With banks and financial services playing a crucial role in the Nifty’s composition, the recent consolidation of financials has notably influenced valuation metrics. It is now essential for investors to prioritize […]
MMTC PAMP calls for better Gold Monetisation Scheme
India needs to boost gold recycling to decrease reliance on imports. A more appealing gold monetization scheme could unlock significant household stocks. This initiative would also help utilize underused refining capacity across the nation. Increased recycling can lessen pressure on the current-account deficit by substituting imports. The country’s next gold story should focus on efficient […]
RBI MPC puts Q3 rate hike in play if inflation risks show up big
Indian monetary policy makers may tighten rates in the third quarter if inflation risks materialize. Higher food and fuel prices could lead to broad-based inflation, prompting action. Inflation is projected to peak at 5.9% in Q3 2026-27, signaling potential policy shifts. The central bank remains watchful of global economic turbulence and its domestic impact. Monetary […]