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In a remarkable financial boost, India’s central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve Bank of India. Out of this amount, Foreign Currency Non-Resident Deposits accounted for $17.41 billion. Meanwhile, External Commercial Borrowings contributed $1.34 billion, and Overseas Foreign Currency Borrowings brought in an…
Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank’s NIM fell to 3.26%, Kotak Mahindra Bank’s dropped to a 19-quarter low of 4.53%, while Axis Bank’s stood at 3.46%.
SBI Funds Management’s stock is anticipated to debut at a premium of ten to fifteen percent. The company’s initial public offering was subscribed over forty-one times on its final day. Analysts suggest investors can book profits or hold shares for long-term gains. The IPO price valued SBI Funds Management at over one lakh crore rupees….
Most private lender stocks declined Monday after first-quarter earnings showed profitability pressures. Axis Bank and HDFC Bank saw significant drops, while ICICI Bank gained. Analysts noted margin compression as a key factor affecting banking stocks. Foreign investors returned to financials after substantial withdrawals earlier in the year. ICICI Bank remains a top pick among leading…
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U.S. stocks closed slightly lower as investors balanced Middle East tensions with optimism around upcoming tech earnings. Markets remained cautious amid US-Iran developments and oil supply concerns, while attention shifts to results from major firms like Alphabet and Intel, expected to shape sentiment on corporate health and future growth outlook.
Coca-Cola has appointed JPMorgan and Citi for its planned 2027 initial public offering. This significant move involves its majority-owned Indian bottling partner, Hindustan Coca-Cola Holdings. The beverage giant is preparing for this listing and exploring a partial stake sale. This strategy aligns with other global firms tapping into India’s growing equity markets. The IPO aims…
Paytm’s net profit surged seventy-nine percent year-on-year to two hundred twenty crore rupees. The company’s board decided against a bonus issue at this time. They will continue focusing on compounding growth and profitability for shareholders. This decision aims to enhance long-term shareholder value creation. The company emphasized its commitment to sustained financial performance.
Americans’ demand for new credit hit a near five-year high in June, according to New York Fed data. While applications for credit cards and auto loans eased slightly since February, mortgage demand edged up. Meanwhile, more households reported difficulty covering unexpected $2,000 expenses, reflecting ongoing financial pressure.
Shapoorji Pallonji Group has secured investor commitments for its Rs 21,350 crore refinancing package, backed by its Tata Sons stake. The private credit deal, involving rupee and dollar debt, attracted strong interest from global distressed investors and domestic financial institutions.