How will RBI’s new ECL framework impact lending practices?
India’s central bank has proposed significantly higher provisioning for lenders under a new expected credit loss framework. Unsecured loans will face 100% provisions after one year of impairment, while other loans will require it after four years. This aims to align with global standards and strengthen credit risk management.
Dotcom fears rise with tech stocks seeing $100-billion swings
Wall Street professionals are increasingly concerned about the rapid, massive gains in tech stocks, fueled by OpenAI’s expansion and deals with companies like AMD and Oracle. These dramatic market value increases, reminiscent of the dot-com era, are raising fears of an unhealthy bubble and a potential market crash.
Banks to seek competing bid for Rs 729-cr Sahara Star Hotel debt
Banks are seeking higher offers for the Sahara Star Hotel’s debt. Union Bank of India leads the process. JC Flowers ARC had previously offered ₹279 crore for the ₹729 crore debt. Banks aim for a minimum bid of ₹293 crore. The hotel is a valuable property with full security for the loans. An auction is […]
Nifty 50 companies poised for double-digit net profit growth for fourth consecutive quarter
Nifty 50 companies are poised for double-digit net profit growth for the fourth consecutive quarter, driven by sectors like automobiles and metals. While revenue growth may remain subdued, analysts anticipate improved prospects in the latter half of the fiscal year, supported by GST rationalization and government stimulus.
Vijay Kedia buys on dips, acquires Rs 11 crore stake in smallcap company via bulk deal
Investor Vijay Kedia acquired a Rs 11 crore stake in Eimco Elecon, buying 57,400 shares at Rs 1,906.71 each. The stock, down 34% in a year, surged 5% post-purchase.
Aswath Damodaran flags a “fairly highly valued” market, lays out 5 ways investors can respond
NYU’s Aswath Damodaran warns that while U.S. stocks appear richly valued, timing a correction is risky. He highlights rising valuations, driven by major tech stocks, and offers five strategies for investors. Damodaran stresses that even when markets look overpriced, predicting corrections is highly uncertain and requires careful planning.
Half-century for Ashish Kacholia: Jain Resource Recycling is 50th stock, stake now worth Rs 128 crore
Ace investor Ashish Kacholia added Jain Resource Recycling to his portfolio, marking a 50-stock milestone; the smallcap IPO surged 41% post-listing, with Kacholia holding 1.14% valued at Rs 128 crore. He was allotted these shares in a pre-IPO offer. The company is engaged in recycling and manufacturing non-ferrous metals such as lead, copper and aluminium.
Too early to write obituaries for Indian IT companies, says Gurmeet Chadha, slams analysts
Despite current headwinds, Indian IT stocks remain crucial for the economy, generating jobs, forex, and supporting tech ecosystems. Analysts are urged to assess rather than criticize companies like TCS and Infosys. As the earnings season kicks off on Thursday with TCS set to announce its Q2 results, IT stocks are generating strong buzz. Over the […]
Steptrade Capital backs 63 IPOs, delivers 35% average listing gains
Steptrade Capital invested Rs 177 crore across 63 IPOs in two years, spanning Mainboard and SME issues, achieving an average listing gain of 35%, highlighting institutional capital’s growing role in India’s IPO market.
Dabur India Q2 Update: GST reforms, portfolio resilience drive momentum
Dabur India announced that recent GST reforms cutting rates on key FMCG categories from 12–18% to 5% will boost affordability and consumer demand. Around 85% of its portfolio now falls under the 5% tax slab, covering core segments like oral care, hair oils, shampoos, juices, and OTC products. The company plans to pass on these […]