Credit card game is back in full swing as players take the risks
Expenditures climbed 5.5% from June to Rs 1.93 lakh crore, which was a third higher than in July last year, the Reserve Bank of India (RBI) data showed. Net new card additions in July hit a five-month high at 425,000, taking the total tally to 111.6 million. The industry had reported a marginal contraction of […]
Jana Small Finance Bank set to merge investment and financial holding firms
The decision to merge the two holding companies into one is not related to Jana’s universal banking aspirations while this would only help improving efficiency through a leaner structure, managing director and chief executive officer Ajay Kanwal said.
Gangwals to sell 3.1% in IndiGo parent via Rs 7,020-crore block deals
Rakesh Gangwal’s family is set to sell a 3.1% stake in InterGlobe Aviation (IndiGo) through block deals valued at $801 million, priced at ₹5,808 per share, a 4% discount. This sale marks a continuation of Gangwal’s gradual departure from IndiGo since stepping down from the board in February 2022, with a 150-day lock-up period agreed […]
Why are companies withdrawing bond sales amid rising yields?
India’s bond rally has ended, compelling Hudco and Bajaj Finance to withdraw bond sales due to elevated yields. Government bond yields surged to a five-month high following GST structure rejig fears and a shift in monetary policy. This has increased borrowing costs for state governments and corporations.
Govt bonds on investor radar again as yields surge, FDs lag
Rising bond yields have created an attractive entry point for long-term investors, surpassing bank fixed deposit rates. Experts suggest that current yields, particularly on the long end, offer a strong investment opportunity, especially on a post-tax basis. State Development Loan yields have also increased, presenting a compelling alternative for retail investors seeking stable and higher […]
Special court accepts CBI closure report in NSE co-location ‘scam’-linked case
A special court has accepted a closure report filed by the CBI in an offshoot of the NSE co-location scam case involving a company founded by Mumbai’s former police commissioner Sanjay Pandey for auditing of two stock brokers, officials said Tuesday.
Bulk deals buzz: Eternal nets Rs 3,220 cr buying, Swiggy sees sell action
Dalal Street witnessed heavy bulk deal activity across Eternal, Swiggy, Sai Life Sciences, Veranda Learning, Hitachi Energy, Waaree Energies, and Vishal Mega Mart, involving major players like BNP Paribas, Societe Generale, Goldman Sachs, and TPG, despite overall market declines.
Giving sanskar, not stock tips: Bollywood-styled trading guru Avadhut Sathe
Avadhut Sathe’s trading academy is under Sebi scrutiny after raids over alleged penny stock promotions. While ASTA insists it offers training, not tips, regulators are tightening oversight of financial influencers. Sathe, known for Bollywood-style teaching, faces a test of credibility amid rising retail participation and stricter compliance.
Nvidia set for $260 billion price swing after earnings, options indicate
Options traders are bracing for a $260 billion shift in Nvidia’s market value post-earnings, with implied volatility pointing to a 6% move. The results could ripple across speculative AI stocks, testing Nvidia’s $4 trillion valuation.
Indian crypto platforms thriving in regulatory grey zone, lower taxes: Zerodha’s Nithin Kamath
Indian crypto platforms are witnessing a surge in futures trading, fueled by lower taxes, high leverage, and regulatory ambiguity. Zerodha’s Nithin Kamath highlighted their rapid rise, with futures volumes far surpassing spot deals across exchanges.