Banks' valuation discount to Sensex hits 10-year high

Banks, the biggest component of the Indian equity market, are now trading at a big discount to the benchmark indices. Photograph: Danish Siddiqui/Reuters The BSE Bankex index, which tracks the......

RBI flags concentration risk among govt-NBFCs, all tied to power sector

The top 50 exposures, amounting to Rs 7.8 trillion, of government-registered non-banking financial companies (G-NBFCs) constitute about 40 per cent of corporate credit within the NBFC sector,......

Banks, finance companies lose weight despite record earnings

Even as banks and finance companies are reporting record-high earnings, their weighting in the benchmark National Stock Exchange Nifty50 Index has seen a downward trajectory. Investors expect a......

Near-term positives priced in for HDFC Asset Management Company stock

HDFC Asset Management Company (HDFC AMC) reported a healthy profit after tax (PAT) of Rs 430 crore for the July-September quarter (Q2) of financial year 2023-24 (FY24). Illustration: Uttam......

England 'keeper Pickford breaks 55-year-old record

England's Jordan Pickford is already guaranteed to pick up the Euro 2020 "Golden Glove" award, as he has five clean sheets to his name. IMAGE: England's goalkeeper Jordan Pickford surpassed Gordon......