State Bank of India (SBI) is likely to raise up to ₹7,500 crore through the issuance of tier-2 bonds next week to meet burgeoning credit demand that has persistently run ahead of deposit accretion by lenders. “They (SBI) are likely to carry out a tier-2 bond sale for up to ₹7,500 crore with a base … Read more
The commercial vehicles (CV) wholesale volume may witness year-on-year growth of up to 3 per cent in current fiscal year, rating agency Icra said in a report on Monday. Icra had earlier estimated 4-7 per cent decline in CV volume for FY25. The change in projection is due to better-than-expected volume growth in first four … Read more
The April-June quarter started on a soft note for Nifty with a sub 5% growth in profit after tax (PAT). This has led to a 2% earnings downgrade from Nuvama versus its earlier estimates of 15%. Cyclicals such as autos, industrials and metals faced earnings cuts while the same stabilised for IT and FMCG packs. … Read more
Indian Railway Finance Corporation Share Price 205.98 03:59 PM | 11 Jul 2024 2.27(1.12%) One97 Communications Share Price 480.25 03:59 PM | 11 Jul 2024 13.11(2.81%) YES Bank Share Price 25.83 03:59 PM | 11 Jul 2024 0.87(3.49%) ITC Share Price 458.65 03:59 PM | 11 Jul 2024 7.2(1.6%) HDFC Bank Share Price 1621.9 03:59 … Read more
Ankur Rudra, Head of APAC Telecoms & India TMT Research, JPMorgan, says there have always been hope rallies that have played in the IT services sector in the last year. We have seen some of that potentially play out in the last one-and-a-half months. But in the near term, we are not seeing any improvement … Read more
New Delhi: Commercial vehicle sales volume is expected to decline 3-6 per cent in the current fiscal due to a slump in demand, according to a report by CareEdge Ratings. The drop in sales volume is due to a slowdown in demand in both the medium and heavy commercial and light commercial vehicle segments, as … Read more
The volume growth of the two-wheeler industry will be lower than the last years with a growth rate of around 7-9 per cent in the Financial Year (FY) 2025, the CareEdge Ratings anticipated in its recent report. In the last financial year of 2024, the volume growth of the industry was recorded at 9.8 per … Read more
“Healthcare as a sector could turn out to be the dark horse in FY25,” says Aditya Khemka – Fund Manager, InCred Asset Management. In an interview with ETMarkets, Khemka said: “One could allocate higher capital to relatively smaller companies which are reasonably valued and would likely participate meaningfully in the Indian growth story,” Edited excerpts: … Read more
Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors group had given a guidance of 3 billion pound investment for Jaguar Land Rover (about … Read more
Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country’s largest carmaker also aims to export around 3 lakh units in the ongoing financial year. “So CNG, this year, we did about 4,50,000 (units) in passenger … Read more
