News for 'financial-services-'

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com22 Dec 2024

Stock market participants would track global trends and foreign investors' trading activity in a holiday-shortened week ahead, amid lack of any major domestic trigger in sight, analysts said. Equity markets will remain closed on Wednesday for Christmas.

Gold at fresh record high of Rs 91,950/10 gm

Gold at fresh record high of Rs 91,950/10 gm

Rediff.com19 Mar 2025

Gold prices advanced Rs 700 to reach a new lifetime high of Rs 91,950 per 10 grams in the national capital on Wednesday on the back of continued buying by jewellers ahead of wedding season, according to the All India Sarafa Association. Besides, increased tensions in the Middle East and concerns about the US economic slowdown have kept the demand for safe-haven assets intact.

Why This Banker Didn't Get Promoted!

Why This Banker Didn't Get Promoted!

Rediff.com2 May 2025

The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?

How the markets will fare this week

How the markets will fare this week

Rediff.com16 Feb 2025

Stock markets are expected to be driven by global trends and FPI trading activity this week after the conclusion of the earnings season, analysts said. Unabated foreign fund outflows, lower-than-expected quarterly earnings and global trade war fears hit market sentiments last week, where the benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday.

'We Have Doubled Our Exposures To India'

'We Have Doubled Our Exposures To India'

Rediff.com19 Mar 2025

'Expect India to keep doing well irrespective of geopolitics.'

Reits climb the office ladder even as valuations keep rungs in place

Reits climb the office ladder even as valuations keep rungs in place

Rediff.com31 Mar 2025

Even as concerns grow over the residential real estate market reaching its peak, the outlook for office real estate remains strong, with listed real estate investment trusts (Reits) standing to benefit from sustained demand in the segment.

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Rediff.com8 May 2025

Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.

Sensex climbs 341 points amid sharp gains in global shares

Sensex climbs 341 points amid sharp gains in global shares

Rediff.com17 Mar 2025

From the Sensex pack, Bajaj Finserv, Mahindra & Mahindra, Axis Bank, Bajaj Finance, Adani Ports, ICICI Bank, Zomato and UltraTech Cement were among the biggest gainers. However, ITC, Nestle, State Bank of India, Reliance Industries, Asian Paints and Tata Consultancy Services were among the laggards.

Trump's tariffs: Auto part makers hope for 'balanced resolution'

Trump's tariffs: Auto part makers hope for 'balanced resolution'

Rediff.com4 Apr 2025

Auto parts exports from India may see a slight slowdown as US President Donald Trump's 25 per cent tariff could increase car prices for buyers by 8-25 per cent, thereby affecting demand, experts believe.

Key factors that will drive the markets this week

Key factors that will drive the markets this week

Rediff.com12 Jan 2025

Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said.

US Tariffs May Prompt RBI Rate Cut: Economists

US Tariffs May Prompt RBI Rate Cut: Economists

Rediff.com8 Apr 2025

'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.'

Sensex drops 213 points; Airtel, ITC major drags

Sensex drops 213 points; Airtel, ITC major drags

Rediff.com6 Feb 2025

Among Sensex scrips, Bharti Airtel, Titan, NTPC, State Bank of India, ITC, Tata Steel, Mahindra & Mahindra and Tata Motors were the major laggards. Adani Ports, Infosys, Axis Bank, HCL Technologies, Tech Mahindra and IndusInd Bank were among the gainers.

IL&FS dispenses Rs 45,281 cr debt to lenders

IL&FS dispenses Rs 45,281 cr debt to lenders

Rediff.com7 Apr 2025

The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.

Sensex, Nifty tank over 1% amid foreign fund exodus

Sensex, Nifty tank over 1% amid foreign fund exodus

Rediff.com11 Feb 2025

Among 30 Sensex shares, Zomato tanked over 5 per cent. Tata Steel, Bajaj Finserv, Tata Motors, Power Grid, Larsen & Toubro, Kotak Mahindra Bank, Hindustan Unilever and ITC were the biggest laggards. Bharti Airtel was the only gainer among Sensex scrips.

Analysts maintain 'Buy' calls on ICICI Bank after Q3; see up to 32% upside

Analysts maintain 'Buy' calls on ICICI Bank after Q3; see up to 32% upside

Rediff.com28 Jan 2025

Defying the bearish sentiment in the markets on Monday, ICICI Bank's share price rose by 2 per cent, reaching an intraday high of Rs 1,234.4 per share on the BSE. With a 1.5 per cent gain at the close, the stock emerged as the top performer on both the BSE Sensex and the National Stock Exchange Nifty 50 indices.

Tariff threats spook markets; Sensex tanks 1414 points

Tariff threats spook markets; Sensex tanks 1414 points

Rediff.com28 Feb 2025

Mahindra & Mahindra, Bharti Airtel, Infosys, Tata Motors, Titan, Tata Consultancy Services, Nestle and Maruti were also among the major laggards. HDFC Bank emerged as the only gainer from the pack.

IIHL completes acquisition of Reliance Capital

IIHL completes acquisition of Reliance Capital

Rediff.com18 Mar 2025

IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.

How US tariffs impact Indian IT services cos in near term

How US tariffs impact Indian IT services cos in near term

Rediff.com3 Apr 2025

Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.

Sensex jumps 1,397 pts as Trump delays tariffs

Sensex jumps 1,397 pts as Trump delays tariffs

Rediff.com4 Feb 2025

From the 30-share blue-chip pack, Larsen & Toubro rallied nearly 5 per cent. Adani Ports, IndusInd Bank, Tata Motors, Reliance Industries, UltraTech Cement and Asian Paints were also among the major gainers. ITC Hotels, Zomato, Nestle and Maruti were among the laggards.

Sensex gains 148 points; Nifty ends in red

Sensex gains 148 points; Nifty ends in red

Rediff.com25 Feb 2025

Among Sensex shares, Mahindra & Mahindra, Bharti Airtel, Bajaj Finance, Zomato, Nestle, Bajaj Finserv, Maruti and Titan were the biggest gainers. Sun Pharma, Power Grid, Tata Consultancy Services, Tech Mahindra, Asian Paints and Tata Motors were among the laggards.

Sensex sinks below 75K on weak US markets, FII outflows

Sensex sinks below 75K on weak US markets, FII outflows

Rediff.com24 Feb 2025

Falling for the fifth day in a row on Monday, equity benchmark BSE Sensex tumbled over 1 per cent to drop below the crucial 75,000 level, tracking a US market trend and unabated foreign fund outflows amid concerns over US tariffs. The 30-share BSE benchmark tanked 856.65 points or 1.14 per cent to settle at 74,454.41. During the day, it plummeted 923.62 points or 1.22 per cent to 74,387.44.

How the markets will fare this week

How the markets will fare this week

Rediff.com9 Mar 2025

Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices, they added.

Despite market volatility, corporate fundraising at record high in FY25

Despite market volatility, corporate fundraising at record high in FY25

Rediff.com28 Mar 2025

Fundraising by Indian companies through equity and debt reached an all-time high in the financial year 2024-25 (FY25), according to data collated by primedatabase.com. Fundraising through debt stood at Rs 11.1 trillion in FY25, including contributions from InvITs (infrastructure investment trusts) and REITs (real estate investment trusts).

India maintains high import duty on American goods: US report

India maintains high import duty on American goods: US report

Rediff.com1 Apr 2025

India maintains "high" import duties on a wide range of American goods such as agricultural items, drug formulations, and alcoholic beverages, besides imposing non-tariif barriers, a US report has said. A day before announcing reciprocal tariffs, the US Trade Representative (USTR) released the 2025 National Trade Estimate (NTE) Report on March 31.

6 MF Entrants To Make 2025 Record Year

6 MF Entrants To Make 2025 Record Year

Rediff.com8 Jan 2025

While Angel One and Unifi Capital have obtained the final licence, Jio BlackRock, Capitalmind, Choice International and Cosmea Financial Holdings have received in-principle approvals.

Sitharaman on how India will remain an engine of growth despite Trump's tariff

Sitharaman on how India will remain an engine of growth despite Trump's tariff

Rediff.com8 Apr 2025

The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.

Fresh US tariff concerns spook markets; Sensex sinks 548 points

Fresh US tariff concerns spook markets; Sensex sinks 548 points

Rediff.com10 Feb 2025

From the 30-share Sensex pack, Power Grid, Tata Steel, Zomato, Titan, Bajaj Finance, Mahindra & Mahindra, NTPC and Tata Motors were among the major laggards. Kotak Mahindra Bank, Bharti Airtel, HCL Tech, Tech Mahindra, ICICI Bank and Tata Consultancy Services were the gainers.

Sensex sinks 425 points dragged by auto stocks, foreign fund outflows

Sensex sinks 425 points dragged by auto stocks, foreign fund outflows

Rediff.com21 Feb 2025

Equity benchmark indices Sensex and Nifty ended lower on Friday, dragged by auto stocks and relentless foreign fund outflows. Weak US markets and tariff threats also dented investor sentiment. The 30-share BSE benchmark Sensex dropped 424.90 points or 0.56 per cent to settle at 75,311.06.

Why Mid, Smallcap Stocks Are Crashing In 2025

Why Mid, Smallcap Stocks Are Crashing In 2025

Rediff.com28 Jan 2025

The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.

GCCs reach new heights in India with neo and mid-sized banks

GCCs reach new heights in India with neo and mid-sized banks

Rediff.com24 Mar 2025

Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.

'Scale Of Wealth Destruction Is Sudden And Sweeping'

'Scale Of Wealth Destruction Is Sudden And Sweeping'

Rediff.com12 Mar 2025

618 companies were part of the billion dollar club when the markets reached all-time highs on September 26, 2024. That number has fallen to 500 following a $1 trillion wipeout in India's market capitalisation amid relentless selling by FPIs.

Sensex drops 122 points; Nifty falls to 23,045

Sensex drops 122 points; Nifty falls to 23,045

Rediff.com12 Feb 2025

Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,486.41 crore on Tuesday, according to exchange data.

Sensex rises 226 pts on buying in bank, auto stocks

Sensex rises 226 pts on buying in bank, auto stocks

Rediff.com27 Dec 2024

From the 30 blue-chip pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. State Bank of India, Tata Steel, Adani Ports, Zomato, UltraTech Cement and HCL Tech were among the laggards.

After cement, Adani and Birla are set for a face-off in the wires and cable biz

After cement, Adani and Birla are set for a face-off in the wires and cable biz

Rediff.com30 Mar 2025

After cement, billionaire Gautam Adani's group and Kumar Mangalam Birla's Aditya Birla Group are set for a face-off in the wires and cable business with both conglomerates announcing forays into the high double-digit growth sector.

FPIs pull out Rs 24,753 cr from equities in first week of Mar

FPIs pull out Rs 24,753 cr from equities in first week of Mar

Rediff.com9 Mar 2025

Foreign investors continue to pull back money from the Indian equity market, withdrawing Rs 24,753 crore (about $2.8 billion) in the first week of March amid escalating global trade tensions and lacklustre corporate earnings.

2024 saw boom in India's commercial real estate

2024 saw boom in India's commercial real estate

Rediff.com29 Jan 2025

Global capability centres (GCCs) remained one of the major drivers of this huge spurt in demand for office spaces.

Trade war may fuel inflation: RBI bulletin

Trade war may fuel inflation: RBI bulletin

Rediff.com20 Mar 2025

Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the "State of the Economy" in the Reserve Bank of India (RBI) monthly bulletin said.

Trade war fears spook markets; Sensex falls 319 points

Trade war fears spook markets; Sensex falls 319 points

Rediff.com3 Feb 2025

From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the major laggards. Among the gainers, Bajaj Finance jumped over 5 per cent. Mahindra & Mahindra, Bajaj Finserv, Bharti Airtel and Maruti also ended higher.

'Our industry outperformance is not a one-year story'

'Our industry outperformance is not a one-year story'

Rediff.com24 Mar 2025

'What is working is quality management, great teams, engineers, platforms, and highly differentiated services.'

Markets end marginally lower in volatile trade

Markets end marginally lower in volatile trade

Rediff.com19 Feb 2025

From the Sensex pack, Tata Consultancy Services and Infosys fell over 2 per cent each. Hindustan Unilever, Bharti Airtel, Sun Pharma, Power Grid, Bajaj Finserv, HCL Tech, Mahindra & Mahindra, and Tech Mahindra were also among the laggards. Among the gainers, Zomato jumped nearly 5 per cent. Larsen & Toubro, Axis Bank, ICICI Bank, IndusInd Bank and Kotak Mahindra Bank were also among the gainers.