Bank of America’s $1.9 billion Jio bet shows global banks want a slice of India’s retail lending market
Bank of America is set to invest a substantial $1.9 billion into Jio Financial’s Jio Credit, marking a significant show of confidence in India’s booming retail loan sector. This collaboration merges Jio’s innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory […]
Bank of Baroda raises $700 million in first overseas bond issue since 2019
Bank of Baroda raised $700 million through three-year and five-year dollar bonds, marking its first overseas issue in over seven years. Strong investor demand helped tighten pricing, with proceeds aimed at leveraging RBI’s special swap window.
MFs cut PSU bank exposure, raise bets on IT, auto & pharma in July
In July, fund managers recalibrated their blue-chip stock portfolios, focusing on select sectors like IT, automotive, and pharmaceuticals for increased investments. Notably, financial services, particularly non-banking financial companies (NBFCs) and private lenders, received a surge in fund inflows. Conversely, stakes in public sector banks such as SBI and Bank of Baroda saw a decline, a […]
Can Lalithaa Jewellery Mart IPO deliver long-term growth for high-risk investors?
Lalithaa Jewellery Mart is gearing up for a remarkable ₹1,700 crore IPO aimed at financing its capital expenditure and ambitious expansion plans. The company has demonstrated impressive performance, with significant revenue growth and a notable surge in net profit from FY24 to FY26. Boasting higher revenues per store and per square foot than its competitors, […]
Average pay of CEOs of S&P 500 companies rose to record $22.8 million following Elon Musk’s nearly $1 trillion compensation, AFL-CIO finds
Elon Musk’s compensation is setting new benchmarks for S&P 500 executive pay. Average CEO pay rose significantly, even as employee wages are facing pressure from artificial intelligence and labor board policies. Shareholder support for special executive awards is showing signs of decline.
US stocks: S&P 500 notches record-high close as rate-hike worries ease
The S&P 500 has hit a historic peak, largely influenced by a surge in technology stocks. With producer price inflation showing stability, expectations of a Federal Reserve rate hike have diminished. Memory chip giants Sandisk and Micron Technology reported impressive increases in their stock prices, alongside positive movements for other major firms like Broadcom and […]
Will Bharti Airtel’s ARPU increase after scrapping Rs 299, other popular prepaid plans? What JM Financial says
Bharti Airtel could see a 2% rise in ARPU after withdrawing four entry-level prepaid plans, including the popular Rs 299 pack, JM Financial said. Subscribers will now need to opt for the Rs 349 plan, a roughly 16% price hike, while Rs 199 and Rs 219 plans remain unchanged.
Earnings growth to play larger role in determining portfolio returns than valuation re-rating: Nilesh Shah
Earnings growth is likely to play a larger role in determining portfolio returns than valuation re-rating in the near term, as valuations of Indian equities remain neither cheap nor expensive, according to Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company.
Tata Motors PV Q1 Results: Net profit plunges 80% YoY to Rs 775 crore, revenue rises 9%
Tata Motors PV Q1 Results: Tata Motors Passenger Vehicles on Thursday reported a consolidated net profit of Rs 775 crore for the April-June quarter of FY27, marking more than 80% year-on-year decline from the Rs 3,924 crore in the same period last year.
LG Electronics India Q1 Results: PAT rises marginally YoY to Rs 653 crore; revenue up 15%
LG Electronics India Q1 Results: Household appliances maker LG Electronics India reported a 1.4% year-on-year rise in profit after tax (PAT) at Rs 653 crore for the first quarter of FY27 (Q1FY27), compared with Rs 513 crore reported in the same quarter of the previous fiscal year.