FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors

FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank and Kotak Mahindra Bank stand to benefit from higher inflows, IDFC First Bank offers the strongest earnings upside. Investors may see margin pressure initially before stronger liquidity, loan growth and…

Punjab man, who questioned minister over ‘chitta’ menace, dies after consuming poison

A man died after consuming poison following alleged pressure from local leaders. He had questioned Punjab Finance Minister Harpal Singh Cheema about synthetic drug supply. His family claims he was pressured to apologize for raising the issue publicly. Police have registered a case and arrested four individuals in connection with the incident. Opposition leaders have…

Copper hits record high, UltraTech’s Ultravolt on the offensive: A double whammy for cable makers in FY27?

Copper prices have soared to unprecedented levels, creating ripple effects on manufacturing expenses worldwide. UltraTech’s Ultravolt is making bold strides into the Indian wires and cables sector, creating a competitive landscape for established manufacturers in fiscal year 2027. As a response to escalating input costs, companies are enacting price hikes, raising investor apprehensions about increased…

‘Inexplicable’: Karun Nair takes subtle dig at South Zone after being overlooked

Expressing his disappointment, Karun Nair reacted strongly to his exclusion from the Duleep Trophy final, particularly considering his solid domestic performance and a recent century. The East Zone’s extraordinary total of 708 runs revealed the South Zone’s bowling vulnerabilities. Ishan Kishan’s phenomenal 270 runs has further fueled debates about Nair’s omission given the team’s ongoing…