Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts.
Adani Energy wins Rs 4,700 crore Maharashtra transmission project; shares rise
Adani Energy Solutions secured a significant transmission project in Maharashtra. This project will cost approximately Rs 4,700 crore and is for renewable energy evacuation. It will also support pumped storage projects totaling 4,500 MW. The transmission network will expand by 562 circuit kilometers and 9,000 MVA. AESL’s transmission order book now stands at Rs 85,000 […]
Tata Power loses challenge to $490 million arbitration award
Tata Power’s challenge to a $490 million arbitration award was rejected by Singapore’s court. The court upheld damages awarded to Kleros Capital Partners regarding a Russian coal asset bid. Disagreements over leadership and ownership soured the partnership in 2015. Kleros alleged Tata Power misused confidential information and acted in bad faith. The company must now […]
Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for many
The rupee’s depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regularization of overseas assets up to one crore. However, many exceed this limit due to currency conversion dates and asset values. Taxpayers explore updated returns and disclosure schemes, risking misrepresentation claims. Clarification on valuation rules is needed for […]
GAIL opposes IGX platform for LNG terminal capacity booking
India’s top gas marketer GAIL opposes a new platform for booking LNG terminal capacity. GAIL states this platform will add costs for consumers without significant value. The company believes existing frameworks do not require a separate booking platform. High global LNG prices already pressure downstream natural gas consumers. Much of India’s LNG regasification capacity remains […]
Anthropic gears up for Wall Street debut: Five things investors need to know
Anthropic is preparing for a potential major Wall Street debut, fueled by rapid growth in AI coding through Claude Code. However, massive cash requirements, heavy losses, political tensions and fierce competition could test investor confidence in its long-term business model.
Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?
Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buying, expectations around US interest rates, Treasury buybacks and a weaker dollar. With investment demand expected to remain a key driver through 2026, investors and analysts including John Paulson and Christopher Wood […]
M&A deals double, but execution holds the key for investors: Crisil Ratings
India Inc’s annual M&A volumes have more than doubled since fiscal 2017 as companies pursue faster growth, market expansion and new capabilities. Crisil Ratings found two-thirds of major debt-funded acquisitions broadly met expectations, while integration and regulatory challenges hurt others.
ETMarkets Smart Talk | Large caps look better for next 24 months, but hidden gems remain in smallcaps: Divam Sharma
Sharma sees a stronger case for large caps over the next 24 months, particularly given the steep valuation premium commanded by small caps.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000 crore. The company has appointed ICICI Securities and SBI Capital Markets as advisers and has been meeting institutional investors ahead of the potential share sale.