News for '-financial-services'

Office leasing hit record 885 lakh sq ft in 2024 in India's top 8 cities

Office leasing hit record 885 lakh sq ft in 2024 in India's top 8 cities

Rediff.com3 Jan 2025

India's office market was very active in 2024 with gross leasing of workspace witnessing a 19 per cent increase to a record 885.2 lakh square feet across eight major cities, according to Cushman & Wakefield. The gross leasing or absorption of office space stood at 745.6 lakh square feet in the preceding year, data from real estate consultant Cushman & Wakefield (C&W) showed.

Farm profits likely to be higher this kharif season

Farm profits likely to be higher this kharif season

Rediff.com12 Dec 2024

Overall profitability in the agriculture sector is expected to be marginally higher at the pan-India level in the 2024-25 kharif season, driven largely by higher production and low input cost, but offset by the declining price of some produce, according to a report released by Motilal Oswal Financial Services Ltd on Wednesday. The report said that region-wise farm profitability in the northern belt was expected to be relatively better than in the southern belt, while the eastern and western belts presented a mixed bag.

Volatile Market: What Investors Must Do

Volatile Market: What Investors Must Do

Rediff.com22 Jan 2025

Novice investors must understand that volatility is an inherent part of equity markets and learn to navigate through such phases.

FPIs return to Indian equities; infuse Rs 22,766 cr

FPIs return to Indian equities; infuse Rs 22,766 cr

Rediff.com15 Dec 2024

Foreign investors have made a strong comeback to Indian equities with a net investment of Rs 22,766 crore in the first two weeks of December driven by expectations of rate cut by the US Federal Reserve. This revival follows significant outflows in the preceding months, with Foreign Portfolio Investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs 94,017 crore in October -- the worst monthly outflow on record.

FPIs withdraw nearly Rs 20,000 cr from equities in 5 trading sessions

FPIs withdraw nearly Rs 20,000 cr from equities in 5 trading sessions

Rediff.com10 Nov 2024

The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the piossibility of a trend reversal.

Markets slump 1%; Sensex tumbled 821 points

Markets slump 1%; Sensex tumbled 821 points

Rediff.com12 Nov 2024

From the 30-share Sensex pack, NTPC, Asian Paints, HDFC Bank, State Bank of India, Tata Motors, JSW Steel, Maruti and Power Grid were among the major laggards. On the other hand, Sun Pharma, Infosys and ICICI Bank were the gainers.

Mercedes to cost Rs 2 lakh - Rs 9 lakh more from Jan 1

Mercedes to cost Rs 2 lakh - Rs 9 lakh more from Jan 1

Rediff.com15 Nov 2024

German luxury carmaker Mercedes-Benz on Friday said it will hike prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Prices of Mercedes-Benz cars in India will be revised by Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine, Mercedes-Benz India said in a statement.

Sensex reclaims 80K; Nifty surges 405 points

Sensex reclaims 80K; Nifty surges 405 points

Rediff.com25 Nov 2024

From the 30-share Sensex pack, Mahindra & Mahindra, Larsen & Toubro, State Bank of India, Reliance Industries, ICICI Bank and Bajaj Finance were the biggest gainers. JSW Steel and Infosys were the laggards.

How the markets will fare this week

How the markets will fare this week

Rediff.com8 Sep 2024

Macroeconomic data announcements, global trends and trading activity of foreign investors would be the major driving factors for the equity markets this week, according to analysts.

Gold slumps by Rs 1,150/10 gm; silver declines Rs 300

Gold slumps by Rs 1,150/10 gm; silver declines Rs 300

Rediff.com16 Dec 2024

Gold prices slumped for the second straight session by Rs 1,150 to Rs 78,350 per 10 grams in the national capital on Monday on frantic selling by stockists and retailers, the All India Sarafa Association said. The precious metal of 99.9 per cent purity closed at Rs 79,500 per 10 grams on Friday.

FPI selling spree, IT stocks dampen investor sentiment

FPI selling spree, IT stocks dampen investor sentiment

Rediff.com18 Nov 2024

From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries were the major laggards. Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Nestle and State Bank of India were among the gainers.

FPIs return to Indian equities with Rs 24,454 cr inflow

FPIs return to Indian equities with Rs 24,454 cr inflow

Rediff.com8 Dec 2024

After heavy selling in the past two months, foreign investors have staged a strong comeback to Indian equities with a net investment of Rs 24,454 crore in the first week of December amid stabilising global conditions and expectations of potential US Federal Reserve rate cuts. This revival follows significant outflows in the preceding months, with foreign portfolio investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs 94,017 crore in October - the worst monthly outflow on record.

Sensex, Nifty rise on buying in banking stocks

Sensex, Nifty rise on buying in banking stocks

Rediff.com10 Oct 2024

Equity benchmark indices Sensex and Nifty settled higher on Thursday, powered by a rally in banking and power stocks amid a largely firm trend in global markets. The stock markets mostly traded range-bound in the absence of any major trigger and persistent foreign capital outflows, traders said. The 30-share BSE Sensex rose 144.31 points, or 0.18 per cent, to settle at 81,611.41.

RBI guv links big tech in financial services to harsh loan recovery methods

RBI guv links big tech in financial services to harsh loan recovery methods

Rediff.com17 Jun 2022

RBI Governor Shaktikanta Das on Friday said the entry of big tech firms into the financial sector poses systemic concerns like overleveraging at the borrowers' ends.

Sensex, Nifty hit record highs on US Fed rate cut; banks lead gains

Sensex, Nifty hit record highs on US Fed rate cut; banks lead gains

Rediff.com19 Sep 2024

From the 30 Sensex firms, NTPC, Nestle, Titan, Kotak Mahindra Bank, Maruti, Hindustan Unilever, Bharti Airtel and HDFC Bank were the biggest gainers. HCL Technologies, Tata Consultancy Services, Adani Ports, Larsen & Toubro, JSW Steel, State Bank of India, Tech Mahindra and Bajaj Finance were among the laggards from the pack.

What Will RBI Governor's Agenda Be?

What Will RBI Governor's Agenda Be?

Rediff.com10 Dec 2024

As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street.

Sensex falls 200 pts due to selling in FMCG, PSB stocks

Sensex falls 200 pts due to selling in FMCG, PSB stocks

Rediff.com9 Dec 2024

From the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were among the laggards. Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the gainers.

How Sensex, Nifty will fare this week

How Sensex, Nifty will fare this week

Rediff.com29 Sep 2024

Global trends, trading activity of foreign investors and domestic macroeconomic data announcements would dictate terms in the equity market in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Wednesday for Gandhi Jayanti. "Looking ahead, it will be interesting to monitor Foreign Institutional Investors (FIIs) and their flow into India.

Intensity of FPI outflow reduces in Dec

Intensity of FPI outflow reduces in Dec

Rediff.com24 Nov 2024

Foreign investors have pulled out Rs 26,533 crore from the Indian equity market this month so far owing to increasing allocations to China, concerns over muted corporate earnings and elevated valuation of domestic stocks. While the sell-off continues, the quantum of net outflows has significantly reduced compared to October, when Foreign Portfolio Investors (FPI) withdrew Rs 94,017 crore ($11.2 billion) on a net basis.

Markets cheer Trump's triumph; Sensex soars 901 points

Markets cheer Trump's triumph; Sensex soars 901 points

Rediff.com6 Nov 2024

From the 30-share Sensex pack, Tata Consultancy Services and Infosys jumped over 4 per cent each. HCL Technologies, Tech Mahindra, Adani Ports, Larsen & Toubro, Maruti and Reliance Industries were also among big gainers. Titan, IndusInd Bank, Hindustan Unilever, Axis Bank and HDFC Bank were the laggards.

Foreign investors to increase participation in NSE IX

Foreign investors to increase participation in NSE IX

Rediff.com5 Nov 2024

Trading turnover on NSE IX has been witnessing an uptrend and this momentum is likely to continue thanks to the growing global interest in the overall India growth trajectory, MD & CEO of NSE International Clearing Neeraj Kulshrestha has said. Speaking at the Singapore Fintech Festival (SFF) on Monday Kulshrestha said foreign investors are likely to further increase their participation in GIFT City NIFTY.

Sensex soars 1,359 pts to settle above historic 84,000 mark

Sensex soars 1,359 pts to settle above historic 84,000 mark

Rediff.com20 Sep 2024

From the 30 Sensex firms, Mahindra & Mahindra, JSW Steel, Maruti, Tata Steel, Larsen & Toubro, ICICI Bank, Power Grid, Nestle, Bharti Airtel and Adani Ports were the biggest gainers. Tata Consultancy Services emerged as the only laggard.

RBI bars Navi Finserv, 3 other NBFCs from extending loans

RBI bars Navi Finserv, 3 other NBFCs from extending loans

Rediff.com18 Oct 2024

The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.

Sensex down 319 points amid foreign fund outflows

Sensex down 319 points amid foreign fund outflows

Rediff.com16 Oct 2024

From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards. HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints and State Bank of India were the gainers.

How To Manage Your Mutual Funds

How To Manage Your Mutual Funds

Rediff.com30 Dec 2024

Let reason, not emotion, guide your decisions.

Infosys Q2 net profit rises 4.7%; lifts FY25 revenue guidance

Infosys Q2 net profit rises 4.7%; lifts FY25 revenue guidance

Rediff.com17 Oct 2024

Infosys Ltd on Thursday reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth. Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com17 Nov 2024

Trading activity of foreign investors and global trends will be the major driving factors for the equity markets in a holiday-shortened week ahead, according to analysts. Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra. Elections to the 288-member state legislative assembly will be held on November 20, and votes will be counted on November 23.

MFs cast their lines for record Oct catch

MFs cast their lines for record Oct catch

Rediff.com11 Nov 2024

Mutual funds (MFs) reinforced their record monthly inflows in October with an investment of Rs 87,000 crore (up to October 29), softening the downside pressure on domestic markets. Their prior record for monthly inflows was Rs 48,139 crore in May. This unprecedented monthly buying partially countered record monthly sales by foreign portfolio investors (FPIs) of Rs 1.1 trillion last month.

BSE, NSE end marginally lower in highly volatile trade

BSE, NSE end marginally lower in highly volatile trade

Rediff.com6 Dec 2024

From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.

How the markets will fare this week

How the markets will fare this week

Rediff.com13 Oct 2024

Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.

How Bank of India Plans To Counter Deposit Woes

How Bank of India Plans To Counter Deposit Woes

Rediff.com28 Nov 2024

A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.

'We have secured a place for large deals'

'We have secured a place for large deals'

Rediff.com4 Nov 2024

'Our growth in banking, financial services, and insurance (BFSI) is a prime example.'

Zomato to buy Paytm's entertainment ticketing biz for Rs 2,048 cr

Zomato to buy Paytm's entertainment ticketing biz for Rs 2,048 cr

Rediff.com21 Aug 2024

Online food delivery platform Zomato will acquire Paytm's entertainment ticketing business for Rs 2,048 crore to strengthen its "going-out" segment in a deal that will help the troubled fintech firm to sharpen its focus on core payments and financial services distribution.

Sensex, Nifty close flat amid unabated FII selling

Sensex, Nifty close flat amid unabated FII selling

Rediff.com11 Nov 2024

Tata Steel, Bajaj Finance, Mahindra & Mahindra, JSW Steel, NTPC, Adani Ports, Bajaj Finserv and Larsen & Toubro were also among the laggards. However, Power Grid, HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.

Banking, financial stocks drag Sensex down by 427 points

Banking, financial stocks drag Sensex down by 427 points

Rediff.com30 Oct 2024

From the 30-share Sensex pack, Infosys, ICICI Bank, Kotak Mahindra Bank, Mahindra & Mahindra, State Bank of India, HCL Technologies, Axis Bank, NTPC and HDFC Bank were among the laggards. In contrast, Maruti, IndusInd Bank, Adani Ports, ITC and UltraTech Cement defied broader market trends and ended in positive territory.

Sensex drops 138 points on foreign fund outflow

Sensex drops 138 points on foreign fund outflow

Rediff.com23 Oct 2024

Sensex drops 138 points on foreign fund outflow

Factors that will guide the markets thie week

Factors that will guide the markets thie week

Rediff.com24 Nov 2024

Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025

Rediff.com25 Dec 2024

After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over Rs 5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. Looking ahead to 2025, FPI flows into Indian equities could see a recovery, supported by a cyclical upswing in corporate earnings, particularly in domestic-oriented sectors like capital goods, manufacturing, and infrastructure, Vinit Bolinjkar, head of research, Ventura Securities, said.

Markets recovery makes investors richer by Rs 4.21 lakh cr

Markets recovery makes investors richer by Rs 4.21 lakh cr

Rediff.com28 Oct 2024

Investors' wealth on Monday surged Rs 4.21 lakh crore as markets bounced back after five days of fall. The BSE Sensex jumped 602.75 points or 0.76 per cent to settle at 80,005.04. During the day, it surged 1,137.52 points or 1.43 per cent to 80,539.81.

FPIs withdrew Rs 22,420 cr from equities in Nov

FPIs withdrew Rs 22,420 cr from equities in Nov

Rediff.com17 Nov 2024

Foreign investors have pulled out Rs 22,420 crore from the Indian equity market so far this month, owing to high domestic stock valuations, increasing allocations to China, and the rising US dollar as well as Treasury yields. With this sell-off, Foreign Portfolio Investors (FPIs) have recorded a total outflow of Rs 15,827 crore in 2024 so far. As liquidity tightens, FPI inflows are expected to remain subdued in the short term.