Indian banks are strong enough to withstand adverse macroeconomic and credit stress without compromising on the regulator-mandated capital position, but the wide adoption of technology and innovation are threatening financial stability, requiring regulators’ attention, the Reserve Bank of India said. Perception of riskiness of the Indian banking system has improved in relation to the global … Read more
Equity indices advanced further to settle at record highs for the second straight session on Thursday. The 30-share BSE Sensex jumped 371 points to settle at an all-time closing high of 72,410 and the Nifty climbed 123 points to a fresh record of 21,778. Stocks that were in focus included names like Zomato, which fell … Read more
Mumbai: India reported the second-highest number of initial public offerings (IPO) in the world after China in 2023, according to data from Bloomberg. The world’s most populous and fastest-growing economy recorded 240 IPOs during the year helped by a steady inflow from domestic investors amid a buoyant stock market. Of these, 58 companies raised funds … Read more
Mumbai: Hero MotoCorp rose 2.9% to an all-time closing high of ₹4,174 in Thursday’s trading, as the recent bullish wave has resulted in a technical breakout in stock, opening the likelihood of further gains of as much as 56% from current levels. Analysts are recommending investors to buy the stock on dips as business prospects … Read more
The shares of Innova Captab will debut on the exchanges today. The company’s shares are fetching a premium of Rs 61 in the grey market, ahead of the listing the company is likely to get a premium of 14% over the IPO price of Rs 448. The initial public offering of Innova Captab was subscribed … Read more
New Delhi: The government is likely to stay on the fiscal course-correction glide path in the interim budget for FY25, shunning populist spending or incentives ahead of the summer general election, said people aware of deliberations on the subject. The post-Covid-19 fiscal consolidation roadmap proposed by the government estimates the fiscal deficit at 4.5% of … Read more
(NewsNation) — Toyota is expected to remain the bestselling carmaker in the world for the fourth consecutive year, fueled by continued demand in North America and Europe, according to multiple reports. The company recorded an all-time high global production of 926,573 cars in November, according to Yahoo News. Supply chain issues brought about by the … Read more
Mumbai: India’s equity benchmarks closed at record levels on Thursday, extending gains to the eighth straight session as traders carried forward their bullish derivative bets to January on the expiry of the December contracts in the trading session. The BSE Sensex gained 0.52% or 371.95 points to close at 72,410. The Nifty advanced 0.57%, or … Read more
(NewsNation) — The S&P 500 finished near an all-time high Thursday, approaching the year’s final trading day. The S&P 500 rose 1.77 points to 4,783.35, up more than 24% for the year, the Associated Press reported. Nearly nine straight weeks of gains have pushed the benchmark index closer to breaking its all-time high set in … Read more
NEW DELHI: Dalal Street is expected to see range-bound trading this week in the absence of any major trigger either on the domestic or global front, say analysts. “Though the market has been moving up it seems to be running out of steam as the indices are still moving within a strong range,” according to … Read more
