Fixed income set to perform well amid limited easing room, says Churchil Bhatt
Fixed income assets are poised for strong performance over the next year. Churchil Bhatt of Kotak Mahindra Life Insurance highlights supportive macroeconomic conditions. Investors can anticipate better-than-average returns. Recent RBI policy signals potential rate cuts. New banking reforms are set to boost M&A financing and corporate borrowing. This presents a favorable environment for fixed income […]
Gold pauses after record rally on safe-haven demand
Gold prices dipped slightly on Thursday after reaching a record high of $4,059.05 the previous day, as investors took profits amidst ongoing economic and geopolitical uncertainties. Hopes for further U.S. interest rate cuts continue to support the precious metal, which has seen significant gains this year due to strong central bank buying and ETF demand.
Asian shares rise after US gains driven by AI-linked companies
Asian shares opened higher, mirroring Wall Street’s gains driven by AI-linked companies. Gold and oil saw slight declines following a reported Middle East peace deal. Investors are closely watching China’s market reopening after a holiday break, balancing AI enthusiasm against cautious consumer spending data.
Can Rubicon Research sustain its impressive growth while facing US market risks?
Rubicon Research plans to raise ₹500 crore through a fresh issue for debt repayment and acquisitions, alongside an ₹877.5 crore offer for sale. The pharmaceutical company reported strong revenue and profit growth with margin expansion, boasting a higher RoNW than peers. However, high revenue concentration in the US and from top customers presents a risk.
TCS revenue to inch up, margins may shrink in Q2
TCS is poised to report a modest sequential revenue increase in dollar terms for the September quarter, following a prior decline. However, operating margins and net profit are anticipated to weaken due to lower employee utilization and the impact of partial salary hikes. Investors will be closely watching for insights into the deal pipeline and […]
Can Canara Robeco attract long-term investors amidst market volatility?
Canara Robeco Asset Management Company is set to raise ₹1,326 crore via an offer for sale, reducing its promoter stake to 75%. The equity-driven fund house, with 92% of assets in equity schemes, faces earnings sensitivity to market volatility. Despite a lower profit margin than peers, its IPO valuation is positioned for long-term, high-risk investors.
Tata Capital mega IPO through, LG’s subscribed 3.3x
In Tata Capital’s IPO, the qualified institutional buyers (QIBs) portion of the non-banking financial company’s IPO was subscribed 3.42 times, while the non-institutional investors (NIIs) or high-net-worth individuals’ portion and the retail investors’ portion were subscribed 1.98 times and 1.1 times, respectively. The employee reserved portion saw a subscription of 2.92 times.
RBI unveils four digital payments initiatives
The RBI has launched four digital payment initiatives at the Global Fintech Fest to enhance customer convenience. These include AI-based UPI HELP for payment assistance and dispute resolution, and IoT Payments for transactions from connected devices. Additionally, ‘Banking Connect’ offers interoperable net banking, and ‘UPI Reserve Pay’ allows users to manage credit limits for specific […]
Sebi revamps block deal framework to enhance transparency and efficiency in large trades
Sebi has revamped its block deal framework for T+1 and optional T+0 settlement cycles, introducing defined trading windows and tighter price bands. New norms aim to enhance transparency and efficiency for large trades, with mandatory delivery and enhanced disclosure requirements effective December 8.
S&P 500’s torrid rally seen having more fuel left from AI, US Fed
US stocks have seen a remarkable recovery, mirroring past rallies that often led to further gains. Investors are optimistic, driven by Federal Reserve actions and corporate resilience. However, potential challenges like government shutdowns and trade tensions loom. Upcoming earnings reports will be crucial in determining the market’s direction. The tech sector’s high valuations also raise […]