Target reached, but asset monetisation to continue: DIPAM secretary Arunish Chawla
“We have already identified a cluster of 10 national highways, which will provide the underlying capital asset. So, the second public InvITs is in the works and hopefully before the close of this financial year, it will also come to fruition,” Chawla said. “We are also bringing down the equity (stake) in nationalised banks gradually […]
RBI flags rising inflation risks from West Asia conflict, El Nino despite resilient Indian economy
India’s external sector shows resilience due to a narrowing trade gap and comfortable foreign exchange reserves. Inflationary pressures have intensified due to geopolitical tensions and supply-side bottlenecks. The RBI reported an increase in both industry and services indicators, showcasing economic strength. The IMF has revised India’s growth projection for 2026-27 to 7% based on resilient […]
Swiggy falls 16% to new low, Qcomm losses spook street
Shares of Swiggy fell by 16.4% to ₹176.70, marking a record low for the company. This decline raises concerns over cash burn and achieving profitability in its quick-commerce business. Analysts are questioning Swiggy’s strategic choices and execution following its market debut. The widening losses in the quick-commerce segment have drawn attention to the company’s overall […]
Small and midcap indices post worst weekly decline in two years
Mid-cap and small-cap stocks in India have faced major declines, indicating a shift in market sentiment. The Nifty MidCap 150 and Small-cap 250 indices reported their worst weekly falls in two years. Domestic retail investors initially supported these segments by increasing mutual fund contributions. However, concerns over rising oil prices and fiscal deficits are adding […]
Friday blockbuster for Jio IPO: Rs 7.4L crore worth bids, 22x subscription
Jio Platforms has experienced a surge in demand for its initial public offering, garnering roughly ₹7.41 lakh crore in bids. The subscription soared to 22.19 times, mainly due to robust involvement from institutional investors, including domestic mutual funds and foreign entities. This enthusiasm contrasts with current trends in the secondary market, and shares are scheduled […]
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows from the FCNR(B) scheme and overseas borrowings. Despite the net purchase, foreign exchange reserves did not increase due to large forex sell/buy swaps. By August 31, measures attracted over $127 […]