Corporate loan demand outpaces retail credit as firms shift from bonds to banks
Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts have made bank loans more appealing. Analysts anticipate this trend to continue, supported by improved liquidity, though a shift back to debt markets is possible. Small businesses are seeing particularly […]
Bharti Airtel’s NBFC arm begins commercial operation
Bharti Airtel’s non-banking financial arm, Airtel Money, has officially begun its commercial operations after securing a license from the Reserve Bank of India. The company, registered as a Type II Non-Deposit accepting NBFC, plans to be capitalized with Rs 20,000 crore over the coming years, with Bharti Airtel contributing 70% and the promoter group the […]
PSBs raise term deposit rates to reclaim deposit market share
Public sector banks are boosting term deposit rates to reclaim lost market share, a move that contrasts with private banks lowering theirs. Facing a decade of decline, PSBs are prioritizing liabilities to compete, especially as credit growth outpaces deposit mobilization. This strategic shift aims to regain ground, even if it impacts short-term profits, highlighting a […]
KPIT outlook shock sends IT stocks sliding as growth worries intensify
Mid-cap IT stocks faced a significant downturn Wednesday, led by KPIT Technologies’ warning of a near-term revenue slowdown. This has amplified investor worries about Artificial Intelligence’s impact on India’s software services sector. Several other IT firms also saw their share prices drop, with the Nifty IT index emerging as the day’s biggest loser. Analysts suggest […]
Upstox’s erroneous a/c freeze mail sparks client panic
Panic erupted among Upstox clients on Wednesday after an erroneous email incorrectly stated their trading accounts were frozen, with some reporting losses from hasty exits. The brokerage admitted to an “inadvertent error,” issuing a follow-up to disregard the initial message and apologizing for confusion. Upstox assured clients their funds and securities remain secure, attributing the […]
US stocks today: S&P 500, Nasdaq edge lower as tech shares slide
US stocks ended slightly lower as weakness in technology and semiconductor shares weighed on sentiment, even as Meta rose after reports of an AI-driven cloud expansion. Investors also tracked Fed Chair Kevin Warsh’s remarks that inflation risks have eased, alongside ongoing US-Iran tensions and upcoming US jobs data.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts. Warsh emphasized the Fed’s independence and announced plans to leverage real-time economic data.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana Small Finance Bank shares recovered after an initial decline despite concerns over promoter-level debt.
BSE launches REITs and Commercial Real Estate Index for passive investment products
BSE Index Services has launched the BSE REITs and Commercial Real Estate Index, India’s first benchmark tracking listed REITs and companies with significant commercial real estate exposure. The index is designed to support passive investment products such as ETFs and index funds while offering diversified exposure to yield-generating real estate assets.
Nike shares fall on grim sales outlook; China woes hit turnaround plans
Shares of Nike fell as investors raised alarms over the slow pace of recovery with CEO Elliott Hill at the helm for nearly two years. While the company managed a slight revenue uptick, it suffered a 17% decline in sales in China, expected to worsen. Analysts highlight a sluggish revival in both the sportswear sector […]