What lies ahead for the MSME sector
The developed world wants to follow the Bank of Japan, which enhanced liquidity, cut rates, monetised deficit and bought equities since the 1990s, yet failed to revive the economy.
Good businesses across sectors should do well, says Gaurav Mishra of Mirae Asset
Large cap mutual fund category has seen net outflows in June...
Sensex drops 290 points on surge in virus, US-China worries; Nifty below 10,750
The 30-share pack Sensex, HCL Tech was the biggest gainer, up...
Stocks in the news: Wipro, RIL, YES Bank, Vodafone Idea, Biocon, Mindtree and Motherson Sumi
Voda Idea has moved the telecom tribunal Monday, challenging the sector regulator’s July 11 order blocking its RedX premium tariff plan.
Sensex doesn’t move with the economy; BSE 500 more in sync
All this has inevitably raised the issue of whether markets are getting divorced from reality. The Nifty is up 40 per cent from March lows after falling more than 40 per cent in March from mid-February. The Nasdaq keeps hitting new highs on a regular basis and the S&P 500 just turned positive for the year.
India Inc set to raise record $30-35 billion in share sales this year
The rebound in market performance since the March lows, led largely by global liquidity, has provided companies the opportunity to raise capital, although valuations might still be lower than what they were late last year.
Analysts see bad loans rising by year end: ‘Banks’ fundraise rush signals likely surge in defaults’
RBI governor Shaktikanta Das said over the weekend that the regulator had nudged banks to safeguard themselves in order to absorb asset-quality shocks that could emerge due to the pandemic.
LIC gains market share despite virus disruptions
“The main reasons are people’s trust in LIC and its distribution reach,” said Gopal V Kumar, consulting actuary at Radgo & Company. “The overall increase in awareness about life insurance during Covid also added to the premium growth. The market share of LIC in premium has increased in June 2020 led by group and individual single premiums.”
Auto sector reels under losses as lower incomes, moratorium alter auto finance dynamics
Banking and automobile industry executives said several lenders increased credit score required to give loans to salaried and self-employed individuals. Lenders have become particularly cautious of people in the hospitality, travel, tourism and aviation sectors, which have been heavily hurt by the impact of the Covid-19 pandemic.
FPO final hurdle in YES Bank revival: Prashant Kumar
Our existing book has already been taken care of and the provision on account of future slippage will be taken care of by the pre-provisioning operating profit. So this capital will not be used for any provisioning.
City Union Bank gets board's approval to raise Rs 1,100 crore
The lender will seek shareholders' approval for the fund raise plan at its upcoming AGM next month.
Rs 15,000-cr FPO to create buffer & promote growth: Yes Bank CEO
‘We are seeing huge interest from institutional as well as retail investors.’
Sensex pares most gains, ends 99 points higher; bank stocks bleed
Banking and financial stocks reversed their early gains and limited upside for the benchmark.
Yes Bank says Rs 15k cr capital from FPO to suffice for 2 yrs; looking at cost rationalisation
The bank, which had to be bailed out by SBI in March, is aiming to raise the money by selling its shares at Rs 12-13 per piece - which is a discount of nearly 50 per cent to Friday's close - to raise the capital
Even at half the market price, Yes Bank FPO fails to enthuse investors in grey market
The significant discount to current market price may have made the FPO a mouth-watering proposition for many investors, but the unlisted market is signalling otherwise. Premium for the upcoming FPO currently stands at Rs 0.70-0.75, merely 5-6 per cent of floor price.