NPA provisioning moderates in Q2 driven by PSU banks
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for nonperforming assets (NPA) fell by 2.9% to βΉ27,318.2 crore. For PSBs, it fell by 11.6% to βΉ14,628.3 crore…
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Asian markets struggle as traders weigh geopolitical tensions
Hong Kong: Asian investors struggled Wednesday to track a positive lead from Wall Street as they assess the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates. They were also keenly awaiting the release of earnings from chip behemoth Nvidia later in the day, which…
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China funds cut ETF fees, escalating price war in booming market
Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing, China’s chief securities regulator, pledged to encourage index investment…
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Citi India Strategy: Maintains a 20% overweight allocation on India
Citi’s latest India strategy highlights mixed trends during the recent festive season, alongside strategic shifts in global allocations. While festive demand across sectors varied, Citi remains confident in Indiaβs positioning, maintaining a 20% overweight allocation on the country. Festive Demand: A Mixed Bag The commentary from companies regarding the festive season has been varied, with…
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infosys: Stock Radar: Infosys could hit fresh lifetime high of Rs 2,000; time to buy?
Synopsis Infosys stock, after a recent dip, shows signs of recovery, bouncing back from its August lows. Analysts suggest a potential upward trend, with a possible target of Rs 2,000, contingent on maintaining its position above the Rs 1,800 mark. IT major Infosys remained range-bound for the past few weeks but managed to bounce back…
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As market fell from peak, these 29 smallcaps defied gravity to deliver up to 118% return
Indian markets have corrected over 10% from their late-September highs, and while there are mixed opinions on the likelihood of a rebound, a select few small-cap stocks have defied the negative trend, delivering impressive returns to investors over the past two months. Around 29 stocks in the smallcap space gained 25% or more at a…
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Govt plans minority stake sale in 4 PSU banks: Report
NEW DELHI – The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country’s markets regulator, a government source told Reuters. The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank…
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RIL, TCS among top stocks mutual funds have bought over last 3 months – Portfolio rejig
IRFC Share Price 146.09 10:06 AM | 19 Nov 2024 7.81(5.65%) Suzlon Energy Share Price 62.22 10:06 AM | 19 Nov 2024 2.97(5.0%) IREDA Share Price 192.25 10:06 AM | 19 Nov 2024 4.73(2.53%) Tata Motors Share Price 788.95 10:06 AM | 19 Nov 2024 17.06(2.21%) YES Bank Share Price 19.71 10:06 AM | 19…
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Honasa Consumer shares extend losses for second session, shed 34% in 2 days
Shares of Honasa Consumer, the parent company of Mamaearth, extended losses for the second consecutive session, falling 34% over two days to their 52-week low of Rs 242.60 on the BSE, after the companyβs Q2 results disappointed the Street. Mamaearth shares fell by 18% in Tuesday’s session, following a 20% decline in yesterday’s trade. The…
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Over 40 normal house front elevation designs
Elevation designs have great significance in the architecture of a house. Designing the elevation of a house can be quite a complex process, involving choices regarding the materials, features, colours and architectural themes. The exterior of a house, especially the walls, creates the first impression about a structure. We look at the normal house front…
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