Some bottlenecks: FCNR deposits from UAE come in big; some say flow could be bigger
UAE is poised to spearhead India’s special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role […]
Strong earnings, FPI inflows keep Indian equities resilient despite global risks
Indian equity indices wrapped up July on a high note, achieving their best monthly performance in three months with significant gains. The robust corporate earnings played a critical role in alleviating fears related to rising oil prices. The Nifty and Sensex jumped over 2.5% in the week and nearly 2.1% throughout July.
Sebi disposes of case against Religare Enterprises, Saluja, other persons
Sebi has concluded legal actions against Religare Enterprises and its former chairperson. The regulator found no further directions were needed after the open offer. Proceedings were initiated alleging Religare failed to cooperate with the mandatory open offer. The company had questioned the Burman Group’s ‘fit and proper’ status and delayed approvals. The open offer’s completion […]
Bank credit to industry up 19%, personal loans stay strong
Banking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to last year. Loans against gold jewellery surged by 93%, leading personal loan segment growth. Vehicle loans followed with a 17% expansion, while credit card growth decelerated. Education loans maintained strong growth at 13% year-on-year.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped after its earnings report failed to meet expectations. Other technology stocks saw mixed performance, influencing market movements. Treasury yields rose as Fed officials discussed inflation concerns.
NSE pays Rs 715 crore to settle pending Rs 1,491-crore co-location case ahead of IPO
NSE has paid the remaining Rs 714.74 crore to Sebi, completing the Rs 1,491.21-crore settlement of the long-pending colocation and dark fibre cases. The payment follows Sebi’s in-principle approval and clears a key hurdle as the exchange moves closer to its planned Rs 30,000-crore IPO.
Vedanta Aluminium share price target: Why Citi, CLSA, Nuvama see up to 20% upside after Q1 earnings
Vedanta Aluminium Metal reported a threefold jump in Q1 FY27 net profit to Rs 5,629 crore, accompanied by an Rs 8 interim dividend. Global brokerages including Citi, CLSA, Nuvama, and Emkay remain bullish, projecting up to 20% upside driven by cost discipline, capacity expansions, and captive mine operations.
Data Patterns shares fall nearly 7% after Q1 profit declines 14% YoY to Rs 22 crore
Data Patterns India shares declined after the defence electronics company reported a 14% YoY drop in Q1 FY27 net profit to Rs 22 crore. Despite the profit decline, revenue from operations rose 17% YoY to Rs 116 crore. Operational EBITDA remained largely stable at Rs 31 crore compared with Rs 32 crore in the year-ago […]
Swiggy shares plunge 6% even as losses narrow. Should investors buy, sell or accumulate?
Swiggy Share Price: Swiggy shares plunged as much as 6% after the food delivery and quick commerce company reported its June-quarter results. While the consolidated net loss narrowed year-on-year, investors remained cautious over profitability and margin pressures. Brokerages stayed largely positive on the stock, with most retaining their ‘Buy’ ratings, citing long-term growth potential despite […]
Multibagger Astra Microwave shares rally 14% to 52-week high after Rs 2,205 crore order win from HAL
Astra Microwave Products shares surged 14% to a fresh 52-week high of Rs 1,960 after securing a massive Rs 2,205 crore order from Hindustan Aeronautics (HAL) for Uttam Radar components. The five-year contract nearly doubles the company’s existing order book, driving strong buying interest in the multibagger defence stock.