BUSINESS
Titan sees EPS cuts for its additional stake purchase in CaratLane
With the added 27.28 percent stake in CaratLane, Titan will now have even better synergies when it comes to procuring, manufacturing and marketing, believe analysts
BUSINESS
Jio Financial Services has its feet on the ground and eyes on the stars
Jio Financial Services also aims to go big into non-lending financial businesses like life/ general insurance and asset management
BUSINESS
Jio Financial becomes second-largest NBFC with Rs 1.66-lakh-cr valuation
Jio Financial Services listing today: The market cap is greater than Nifty 50 giants like UPL, Hero MotoCorp and Apollo Hospitals. It has even trumped IndusInd Bank's market cap of Rs 1.06 lakh crore.
BUSINESS
Jio Financial Services listing: Know about valuation, capital gains tax and more
Jio Financial Services listing today: The stock shall be removed from the two benchmark indices after the end of the day on the third day of its listing. Basically, exclusion will happen on August 24, 2023
BUSINESS
Mahindra targets lifestyle customers over economy with 'Born Electric' range
Mahindra's Born Electric SUVs will be manufactured at its Chakan plant in Pune. The Thar.e concept was unveiled on August 15
BUSINESS
M&M aims to double tractor exports by FY26, hitches ride on OJA range
Connectivity and technology form the core of the lightweight OJA range that was launched in Cape Town. After India, these tractors will be launched in North America, ASEAN region, Brazil, Australia, South Africa, Europe and SAARC countries
BUSINESS
Per capita income growth, lagging Sensex rally, poised to improve and boost consumption
The average amount earned per person in India has grown at a much slower pace that GDP and the benchmark stock index.
BUSINESS
LIC shares shrug off fall in premium, trade 4% higher on surge in Q1 profit
LIC said a total of 32,16,301 policies were sold in the individual segment during the quarter ended June 2023 as compared to 36,81,764 policies sold during the quarter ended June 2022
BUSINESS
Corporate loans a taboo, bad assets building up, alerts this ace banking analyst
The credit cycle has been largely driven by retail lending in recent years, while corporate book has not taken off in a big way after COVID-19 lockdown
BUSINESS
Lenders have stretched balance sheets, mispricing of loans has begun: ASV Krishnan of HDFC Securities
Most conventional lenders are well-capitalised and they are all hungry for growth, says Krishnan
BUSINESS
Additional CRR spoils the party for banks, inflation forecast hike drags FMCG
The Reserve Bank of India (RBI) also made an upward revision to its inflation forecast for 2023-24, raising it by 30 basis points to 5.4 percent.
BUSINESS
Bajaj Finance an elephant that can dance, say bullish analysts, but investors stay cautious
Analyst Buy calls on the Bajaj Finance stock stand at 24 currently, compared to 19 a year ago. However, the NBFC's shares are down 2 percent over the last one year, while Nifty has advanced 11 percent.
BUSINESS
Inspection of brokers & depository participants falls in FY23, BSE more vigilant than NSE
In FY22, NSE had conducted more checks than BSE, but in FY23, the latter has overtaken with a huge margin. This comes hand-in-hand with BSE ramping up its derivatives segment
BUSINESS
SBFC Finance IPO opens: Does this lender have anything new to offer?
SBFC Finance IPO opens today: It has seen consistent improvement in asset quality, with the gross non-performing assets in FY23 falling 31 basis points year-on-year to 2.43 percent
BUSINESS
Chola Finance's margin compression could be a roadblock to its dream run, say analysts
Cholamandalam Finance's assets under management (AUM) rose 40.12 percent on-year to Rs 1.15 lakh crore, according to the investor presentation
BUSINESS
Mahindra Finance's higher provisions, shrinking margins keep analysts concerned
Mahindra Finance Q1 Results: Going ahead, the company shall focus on maintaining the market leadership in core segments (commercial vehicle financing), while accelerating growth in SME, leasing and personal loans
BUSINESS
SBI Cards sheds 2% as pre-Covid pain bites hard; brokerages offer mixed views
SBI Card Q1 earnings: There is usually a ~30-month period before one understands the quality of cards issued. However, the key challenge in this period was Covid and its impact.
BUSINESS
Do midcaps deserve to trade at higher valuations than largecaps?
Midcap vs largecaps: This movie has in fact played out in the stock markets several times. Last time midcaps rallied sharply in 2017, the rise was driven primarily by a re-rating of multiples
BUSINESS
Bajaj Finance ups long-term guidance but margins, credit costs are a concern
In Q1, Bajaj Finance's loan losses and provisions came in at Rs 995 crore, up 32 percent year-on-year.
BUSINESS
How this fund found multi-baggers in Annapurna Swadisht, Droneacharya and other SME stocks
NAV Capital Emerging Star Fund, the second-largest fund in terms of anchor investments in the SME space, looks at companies with growth potential but limited capital
BUSINESS
SBI Life premium grows only 4%: What keeps brokerages bullish on the stock?
Motilal Oswal Financial Services and JM Financial have Buy ratings on SBI Life with targets of Rs 1,570 and Rs 1,500, respectively.
BUSINESS
Tata Motors DVR spikes on conversion to ordinary shares but premium shrinks
The proposed scheme to cancel DVR shares will lead to a reduction in the outstanding equity shares by 4.2 percent, making it value accretive for all shareholders, the company said
BUSINESS
HDFC AMC revenue yield falls on growing AUM, brokerages offer mixed verdict
Analysts at HSBC noted that HDFC AMC has managed to increase its market share in AUM by 10 basis points quarter-on-quarter. However, there are concerns regarding the pressure from income yields
BUSINESS
US Fed to hike rates after a skip? FOMC meeting underway, here's what to watch out for
US Fed Rate Hike: Any hawkish commentary from the US central bank threatens to initiate a further rally in the dollar index, ending the party of FII flows into India and other emerging markets
