Financials

ICICI Bank's market cap tops Rs 9 trillion; stock hits new high

In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.

ECM fees pool hits 17-year high as activity zooms 2.5x to to $29.5 bn

Citi topped the ECM league table as it handled $3.3 billion worth of proceeds and garnered a market share of 11.3 per cent

Financials, IT power stocks to record closing high before RBI rate decision

While the rate pause is a given, RBI's commentary on the inflation outlook will be crucial, especially for consumer stocks, said analysts

Charts suggest downtrend for Nifty Financial, Nifty PSU Bank: How to trade?

Nifty PSU Bank is currently experiencing a near-term downtrend, as indicated by technical indicators like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence)

YouTube income financially secures over 700,000 creators in India: Oxford

In India, the number of channels that earned a majority of revenue from Fan Funding products in December 2022 saw an increase of over 10 per cent compared to the prior year

Investment-worthy value stocks see sharp dip, says ICICI Securities

The population of 'investable value stocks' largely comprises names related to financials, 'fossil fuel energy' and other materials

Testimony of Hunter Biden's associate provides info on financial dealings

Focusing on the Bidens rather than Donald Trump's federal court appearance, House Republicans released a transcript Thursday of their interview with Hunter Biden's former business associate detailing overseas financial dealings by the president's son. The more than five-hour closed-door interview with Devon Archer by the House Oversight Committee, released hours before Trump's appearance to face a third list of charges, provides fresh insight into how President Joe Biden's youngest son used his relationship with his father, who was then vice president, to court foreign investors. Archer said Hunter Biden was using the illusion of access in Washington. Republicans on the panel hope to use their work to prod impeachment proceedings against the president. However, though pressed repeatedly, Archer offered no tangible evidence that Joe Biden's role in his son's work was more than saying hello during their daily family calls. You know, Hunter spoke to his dad every day, right?" Archer s

Sitharaman for strengthening global architecture to combat financial crimes

Finance Minister Nirmala Sitharaman on Sunday made a case for further strengthening of global architecture to combat financial crimes, money laundering and sharing of information about different asset classes including crypto currencies. Addressing a 'G20 High-Level Tax Symposium on Combating Tax Evasion, Corruption and Money Laundering', the minister exuded confidence that G20 will continue to assist the jurisdictions in enhancing their law enforcement capacity. Under the G20 Presidency, Sitharaman said, India has taken the lead for building capacity in tax and financial crime investigation in the South Asian region in collaboration with OECD. India has decided to launch a pilot on tax and financial crime investigation in collaboration with OECD for the South Asian Region beginning at the Regional Campus of National Academy of Direct Taxes in New Delhi on July 18. Observing that G20 has helped spearhead a number of reforms to the global tax, anti-corruption and anti-money launderi

Spandana Sphoorty's net profit rises 268% to Rs 105 cr in March quarter

The overall assets under management stood at Rs 8,511 crore as of March 31, 2023, against Rs 6,581 crore in the year-ago period

Choice International plans to launch 10 new branches in North India in FY24

Financial services provider Choice International on Wednesday announced plans to expand its operations in north India by launching 10 new branches in the first half of the current financial year. The move is aimed at strengthening its presence in the region and providing financial services to its customers. To support these new locations, the group plans to hire 250 employees for broking, mutual funds and insurance, in addition to the existing 150-member team in Delhi and NCR, Choice International Ltd, which is listed on BSE and NSE, said in a statement. Of the 10 new branches, three would be in Delhi and one each in Noida, Faridabad, Gurugram, Lucknow, Chandigarh, Ambala and Panipat. In addition, Choice Group plans to open 10 more branches, including Dehradun, Kanpur, Prayagraj, Saharanpur, Ludhiana, Jalandhar, Jammu, Amritsar, Shimla and Bareilly in the coming 1-2 quarters. Overall, the company aims to have 500 employees in north India, including those in the upcoming branches f

Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy

CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil

Time to raise high-beta bets as markets eye new highs, say Analysts

Amid moderation in inflation, markets seem to have moved past fears of interest rate hikes and investors are now anticipating strong foreign inflows into domestic equities, analysts said

Twitter bankruptcy possible if cash burn doesn't stop, Musk tells employees

Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar

Financials, IT, energy see highest FPI selloff in last fortnight of Sept

The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.

Long Covid costing Australia's economy $3.6 bn annually, says report

Australia has announced a parliamentary inquiry into long Covid, with the aim of developing a clear definition of the illness and gauging the scale of its impact on the country's 26 million people

Financials, FMCG get nearly half of FPI flows in August, says report

Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018

Freebie culture deteriorating states' financial health: Venkaiah Naidu

"The government should definitely support the poor and needy but at the same time should prioritise health, education and infrastructure development," he said

Economic recovery gradual, uneven amidst global headwinds: RBI report

Corporate sales and profitability increasing and gross NPA of banks is at 6-year low

Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

This was done after FATF added UAE to the Grey List

A firm's financial performance and ESG score are linked: ESGRisk.ai chief

In a Q&A, Sankar Chakraborti, who is also the group CEO at Acuite Ratings & Research, explains why ESG scores matter to investors