tcs mcap: Five of top 10 firms take Rs 1.97 lakh cr hit in market valuation; TCS, Infy biggest losers

tcs mcap: Five of top 10 firms take Rs 1.97 lakh cr hit in market valuation; TCS, Infy biggest losers

The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more

NARCL: Biggest play: NARCL offers ₹10,000 crore for JP Associates’ loans

NARCL: Biggest play: NARCL offers ₹10,000 crore for JP Associates’ loans

National Asset Reconstruction Company of India (NARCL) has proposed to acquire the debt of Jaiprakash Associates from banks for ₹10,000 crore, making it the largest offer made so far by the government-backed asset reconstruction company (ARC) that started operations just over two years ago. If a majority of lenders sell their debt, ARC will acquire … Read more

Rs 6 lakh investment doubles in 5 years with this large & midcap mutual fund scheme. Check details

Rs 6 lakh investment doubles in 5 years with this large & midcap mutual fund scheme. Check details

HDFC Large and Mid Cap Fund mutual fund scheme formerly known as the HDFC Growth Opportunities Fund has given an extended internal rate of returns (XIRR) of over 27% in the last five years. This means that an investment of Rs 10,000 via monthly systematic investment plan (SIP) route would have nearly doubled and turned … Read more

Banks branch out as deposits hard to come by on apps

Banks branch out as deposits hard to come by on apps

India’s determined digital drive, which linked its villages to the internet at breakneck speed, also prompted what now seems to be rather premature obituaries of branch banking. More banks, contrary to expectations, are busy building brick-and-mortar presence across the country for access to something that has defined banking since it began: Deposits. “Thanks to core … Read more

PSU bank stocks: PSU bank stocks outshine private peers

PSU bank stocks: PSU bank stocks outshine private peers

Mumbai: Investors who had almost written off public sector banks in favour of their private peers are being forced to reconsider some of their choices, at least for now. As state-owned lenders witness a on better asset quality and improved profitability, their shares have been topping the returns charts with several of them at multi-year … Read more

bonds: SBI, BoB among PSBs rushing to issue bonds

bonds: SBI, BoB among PSBs rushing to issue bonds

Mumbai: Public sector banks are rushing to issue bonds in the coming weeks, capitalising on lower government bond yields that have made borrowing cheaper while tight liquidity and robust credit growth are spurring lenders’ demand for funds to meet loan needs. State Bank of India is set to kick off domestic bond issuances for 2024 … Read more

State Bank of India: SBI raises $1 billion in offshore syndicated loan

State Bank of India: SBI raises  billion in offshore syndicated loan

Mumbai: State Bank of India (SBI) has raised $1 billion, or double the amount originally envisaged, in an offshore syndicated loan arranged by HSBC and subscribed by lenders across continents, demonstrating the enduring appeal of local financial companies for overseas investors that expect New Delhi to be the undisputed global growth leader in a geopolitics-ravaged … Read more

sectors: Most sectors now overvalued, some stocks hold promise: Kotak Institutional Equities

sectors: Most sectors now overvalued, some stocks hold promise: Kotak Institutional Equities

Mumbai: Kotak Institutional Equities’ fair value estimates of 50 stocks of Nifty shows only six stocks could return more than 10% from current levels. These include State Bank of India, SBI Life Insurance, ICICI Bank, Infosys, Adani Enterprises and HDFC Life Insurance. The brokerage said while most sectors are overvalued, valuations are ‘somewhat’ reasonable only … Read more

Lovable Lingerie’s dream run on as traders lap it up

Lovable Lingerie’s dream run on as traders lap it up

MUMBAI: Lovable Lingerie is the third-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat the performance of Page Industries, sellers of Jockey innerwear. It gained a third in about a week. But the small float and low delivery volumes is an alert against wagering on … Read more

Mcap: Mcap of three of 10 most valued firms jump Rs 70,312.7 cr; Reliance biggest winner

Mcap: Mcap of three of 10 most valued firms jump Rs 70,312.7 cr; Reliance biggest winner

The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank … Read more