Banks, companies better positioned to weather next downturn: CS Setty, SBI, Chairman
The chairman of the State Bank of India underscores the nation’s economic resilience, emphasizing the bank’s robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a remarkable 14-15% rise in credit, driven by retail and SME sectors. The bank is also […]
Stocks in news: Wipro, Lenskart, Tata Motors PV, Ather Energy and Kotak Bank
On Thursday, Indian markets faced downward pressure as they wrapped up trading lower amid mixed signals from global economies. Notably, Wipro’s stock saw gains following its expanded partnership with Google Cloud aimed at enhancing AI implementation. Meanwhile, Lenskart’s current investor is set to sell shares worth up to Rs 1,313 crore.
Close to clearing NSE IPO: Sebi Chief Tuhin Kanta Pandey
NSE’s valuation in the unlisted market is around ₹5 lakh crore, potentially catapulting it to India’s top-ten market capitalization leader-board on listing, based on current prices.