BUSINESS
Reliance’s new energy biz value greater than half of Nifty 50 stocks
Reliance Industries' share price has touched a new high, surpassing a market capitalisation milestone of Rs 20 lakh crore earlier this week after remaining within a range for the past three years
BUSINESS
Paytm crisis: Compliance issues, regulatory overhang keep mutual funds away
At the end of the December quarter, mutual funds held 4.99 percent stake in Paytm, up from 2.79 percent in the previous quarter. Nippon held a 1.05 percent and Mirae a 2.5 percent stake in the company
BUSINESS
Momentum funds dragged down by market volatility, PSU stocks
The net asset value of momentum funds has taken a hit as they consist of several fancied PSUs such as PFC, REC and IRFC. Public sector companies have been the worst hit in the recent broader market meltdown
BUSINESS
Paytm crisis: Macquarie slashes target price by 57% to Rs 275, sees huge customer exodus
Macquarie sees a 60-65 percent decline in revenues for One97 Communications due to lower payments and distribution revenue
BUSINESS
MC Explains: Can Paytm sustain its business model? A deep dive into how it operates and what-if scenarios
After the central bank cracked down on Paytm Payments Bank, the question is how will Paytm be affected? What part of the business could be lost and what will remain? Where does it go from here? Does it offer value? Here’s a breakdown of what happened and how it will affect the company
BUSINESS
Brokers hike margins on BNPL facility; Paytm, Zee meltdown, polls cited as key reasons
Over the past week, IIFL Securities, ICICI Direct, Angel One, 5Paisa and Samco Securities have all increased margins on their margin trading facility, said market participants. MTF is an arrangement whereby investors borrow funds from brokers to purchase stocks
BUSINESS
Slowdown in unsecured lending compounds problems for Paytm, will make business harder to come by
RBI’s warnings on rising unsecured credit in the system and subsequent action increasing risk weights on such loans will make life harder for Paytm, which is fighting to hold on to its wallet business and payments bank, believe experts
BUSINESS
Mid-day Mood | Sensex falls 700 pts after RBI policy, Nifty down nearly 1%; bank stocks drag
India VIX, the fear gauge, remained elevated at 15, suggesting that consolidation is likely to persist in the near future
BUSINESS
Margin Call: Additional fund requirement might have fuelled the fall in Paytm stock
Sources said that the margin funding book for the Paytm stock stood at close to Rs 250-300 crore before the carnage started. What caused precipitous selling was the call by some brokers for additional margins, not just for Paytm stock they were holding but also other outstanding positions
BUSINESS
MC Explains | Will HDFC group go ahead and acquire 9.5% stake in all the 6 banks?
While RBI's approval is sentimentally positive for the six stocks in the near term, it does not mean that HDFC's stake will necessarily go up to 9.5 percent in those six banks
BUSINESS
Rush for financials: Domestic institutions sit on Rs 1.41-trillion headroom to buy bank stakes
The most recent approval came on February 6 when HDFC group received the RBI nod to acquire up to 9.5 percent in six banks - IndusInd Bank, Yes Bank, Axis Bank, ICICI Bank, Suryoday Small Finance Bank and Bandhan Bank
BUSINESS
Budget and Markets: Will FM end the buyback party?
Experts express mixed feelings on this contentious issue. Some feel it will burden shareholders, while others feel it benefits both the company and the shareholder when compared to the outgo on account of tax on dividends. It remains to be seen how the Finance Minister tinkers with these taxes in the upcoming Union Budget
BUSINESS
Does RIL set the stage for largecaps comeback? Not really, say analysts
On January 29, the Mukesh Ambani-led Reliance Industries (RIL) single-handedly contributed to a 38 percent surge in the Nifty 50 market capitalisation.
BUSINESS
RIL rally triggered by funds taking refuge in ‘strong stock’ to hedge against short positions
The RIL market cap increased around Rs 1.29 lakh crore on January 29. The stock scaled a fresh record high of Rs 2,905, taking the market capitalisation to Rs 19.5 lakh crore
BUSINESS
Budget and Markets: Will the FM spook the F&O party by hiking securities transaction tax?
Union Budget 2024: The government expects to collect Rs 27,625 crore from STT in FY24, which is 10.5 percent higher than the revised budget estimate for FY23. However, STT accounts for just about 1.5 percent of the direct tax collection estimate of Rs 18.24 lakh crore.
BUSINESS
Market fall rooted in stock-specific negatives, not Sebi FPI disclosure norms
While some selling may have been the result of FPIs paring stake to comply with the new regulations, analysts say the big falls over the past few sessions were triggered by stock-specific negative news and overvaluation
BUSINESS
Sony CEO reassures employees after Zee deal collapse: Here's what he said
As per the communique, accessed by Moneycontrol, Singh wrote, "Our journey towards the merger has been remarkable, showing us how resilient and dedicated we can be when working towards a common goal."
BUSINESS
MC Explains | What are Sebi FPI norms and how are they linked to the market fall?
SEBI wants additional disclosures from FPIs to prevent companies from manipulating the rules on minimum public shareholding, and also to prevent overseas entities from indirectly controlling Indian companies through a chain or web of shell firms
BUSINESS
Credit growth to moderate to 13%; Paytm and lower-rated NBFCs at risk: Macquarie’s Suresh Ganapathy
If any of the unsecured lending begins to unravel, fintechs and the lower-rated NBFCs will see the maximum impact, says Ganapathy
BUSINESS
Expect some housing incentives in Budget, prefer private over PSU banks: Macquarie’s Suresh Ganapathy
There is an expectation that the tax exemption of capital gains bonds could be hiked to Rs 1 crore from Rs 50 lakh now, and the interest exemption on housing loans could be raised from Rs 2 lakh now.
BUSINESS
Sebi probing mule accounts, faulty IPO applications, 3 cases under scanner, says Buch
Buch added that SEBI is investigating three cases, but did not reveal the nature of investigation, nor did she say whether the cases are related to mainboard IPOs or SME IPOs.
BUSINESS
68% HNIs, 43% retail investors flip IPO trades in first week, says Sebi chair Madhabi Buch
Over a month's time, 76 percent NIIs and 52 percent retail flip trades, Buch added. "We have to acknowledge that the IPO market is a market of traders more than investors," she said.
BUSINESS
HDFC Bank faces tough task to deliver both on margins and costs: Suresh Ganapathy of Macquarie
Ever since the merger, HDFC Bank's asset book has grown tremendously but deposits haven't. The average quarterly net deposit growth for 9M FY24 stood at Rs 63,600 crore, much lower than the guided Rs 1 lakh crore
BUSINESS
Tata Consumer's acquisitions seem like good buys but its valuation screams 'goodbye'
Tata Consumer's trailing price-to-earnings ratio of 54 times is in-line with industry average, despite having lower pace of sales and profit growth as well as single-digit return on equity
