Americans have a huge automotive debt problem right now. A new survey shows that 31 percent of American drivers who financed their car are underwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Furthering the issue is the fact … Read more
Photo: Justin Sullivan / Staff (Getty Images) With an average transaction price of nearly $50,000, it’s no secret that new cars are basically just for rich people now. You can’t even buy a single new car for less than $20,000. If wages had kept up with the rising cost of a new car, that wouldn’t … Read more
The shares of Baazar Style Retail debuted flat on the exchanges on Friday, below the pre-listing expectations. The stock then surged marginally to close 3% higher to IPO price on the first day. The shares of the company ended at Rs 399.65 or 2.74% higher at close of trade. As a leading one-stop shop in … Read more
The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense. The ratio was 4.9% in the June quarter for a sample of 2,695 companies excluding banks, finance companies, and oil and … Read more
Foreign investors infused Rs 11,366 crore in the Indian debt market so far this month, pushing the net inflow tally in the debt segment to over the Rs 1-lakh-crore mark. Foreign investors’ strong buying interest in the Indian debt market can be attributed to India’s inclusion in JP Morgan’s Emerging Market government bond indices in … Read more
Mining conglomerate Vedanta Ltd is estimated to have raised around Rs 3,200 crore from the offer for sale (OFS) of subsidiary Hindustan Zinc Ltd. The offer for sale (OFS) of Vedanta group firm Hindustan Zinc Ltd received a strong response from retail and institutional investors, sources said. Vedanta is estimated to have received around Rs … Read more
Indian Railway Finance Corporation Share Price 179.06 04:01 PM | 14 Aug 2024 -2.6(-1.43%) One97 Communications Share Price 538.8 04:01 PM | 14 Aug 2024 32.65(6.46%) YES Bank Share Price 23.99 04:01 PM | 14 Aug 2024 -0.13(-0.5%) ITC Share Price 492.2 03:59 PM | 14 Aug 2024 2.2(0.45%) HDFC Bank Share Price 1607.8 04:01 … Read more
After Sensex ended 2,223 points lower on Monday and Nifty slipped to 24,056 amid a global sell-off, veteran American investor Jim Rogers says he is sitting on a lot of cash as the next collapse will be very bad. “America and the world is long overdue for a problem. The reason I have a lot … Read more
Late Friday, the White House said it would run up an additional $1.1 trillion in new debt if all its plans were carried out over the next 10 years. That would be on top of the $16.3 trillion in debt it had already planned to incur and would bring government debt to $54.5 trillion. Official … Read more
In what could lead to increased flexibility in paying higher dividends, Hindustan Zinc’s scheme of arrangement with shareholders to transfer ₹10,383 crore of general reserve to retained earnings has been approved by the National Company Law Tribunal. This will help Vedanta upstream dividend from its subsidiary Hindustan Zinc to repay debt at the holding company … Read more
