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Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
Juniper Green Energy plans a ₹1,800 crore IPO to reduce its debt burden. The company is aggressively expanding its renewable energy capacity to meet demand. Most of its power generation is secured through long-term purchase agreements. However, high leverage and execution risks are key concerns for investors. The issue is suitable for long-term investors with…
The National Stock Exchange reported a profit after tax of ₹3,120 crore for the June quarter. This represents an increase of 8.7% from the previous quarter’s earnings. Consolidated revenue from operations saw a decline of 8.2% compared to the prior quarter. Year-on-year, the consolidated profit after tax rose by 7%. Meanwhile, consolidated revenue from operations…
India’s National Stock Exchange has settled all pending regulatory cases for a significant sum. This settlement clears the final major hurdle for the exchange’s long-delayed stock market debut. The Securities and Exchange Board of India agreed to the settlement terms after years of legal battles. NSE plans to raise over twenty-six thousand crore rupees this…
The Securities and Exchange Board of India has introduced a new green channel mechanism. This new framework, called GARUDA, aims to speed up the launch of Alternative Investment Fund schemes. Regular AIF schemes can now be launched ten days after filing their placement memorandum. Accredited investor only funds and large value funds have been granted…
Indian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are borrowing heavily to buy stocks at stretched valuations. This margin debt has ballooned significantly, with new-age brokers aggressively competing. Unlike Korea’s AI focus, India’s debt supports stocks global investors are avoiding. Policymakers face challenges as inflation and a weakening rupee…
Bajaj Finance reported a 28% year-on-year net profit increase for the June quarter. Assets under management climbed 24% to ₹5.47 lakh crore as of June-end. The company added 5.1 million new customers during the quarter. Net interest income rose 23% and net total income increased 22%. Bajaj Finance expects to disburse 60-62 million new loans…
South Korea and Taiwan market caps declined significantly after initial gains. This fall was driven by concerns over artificial intelligence capital expenditure sustainability. Taiwan slipped to seventh and South Korea to tenth in global stock market rankings. Indian equities showed resilience, with the Sensex posting a modest gain. India now holds the sixth spot with…
Given the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basis would erase effective returns. Where spreads are thin and final yield is generated through higher leverage, the tax can result in negative return.
“Our Casa was only 10% initially. For the first three or four years of taking over management of this bank, we slowed down the loan book and focused on building the Casa ratio to 50%,” V Vaidyanathan, MD and CEO, IDFC First Bank, told ET in an interview. “If we had kept growing the loan…
Nuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year property damage programme, said sources. The reverse auction for covering the risk, however, saw bids fall dramatically, with Oriental Insurance quoting Rs 10 crore, United India Insurance Rs 10.98 crore, and New…