Privately, many bankers admit their immediate goal is not growth but slowing the erosion of Casa deposits, reveals Tamal Bandyopadhyay.
In IPL, he has previously worked with Delhi Daredevils (now Delhi Capitals) and Lucknow Super Giants.
Since October, FPIs have offloaded Indian equities worth Rs 2.1 trillion.
The equity benchmark indices posted their strongest weekly gains in years, driven by bargain hunting and optimism over a reversal in foreign portfolio investor (FPI) outflows. The Sensex rose 558 points, or 0.7 per cent, on Friday to close at 76,906, while the Nifty 50 gained 160 points to end at 23,350. Over the past five sessions, both indices advanced around 4.3 per cent - marking the Sensex's best weekly performance since July 22, 2022, and the Nifty 50's strongest rally since February 5, 2021.
'By March-end, we should have closure of the PNC portfolio. After completion of PNC acquisition.'
The stock of mall developer and commercial real estate major, The Phoenix Mills (Phoenix), is up 26 per cent since its business update in the third week of January. The gains came on strong December quarter performance and the consumption boost in the Budget which is expected to help the company sustain its growth trends.
Chhattisgarh Deputy Chief Minister Vijay Sharma has reiterated the state government's willingness to engage in unconditional peace talks with Naxalites, following a statement by the Maoist group outlining preconditions for a ceasefire. Sharma, who holds the home portfolio, stated that the government has already made its stance on unconditional talks clear and has implemented a surrender and rehabilitation policy for Naxal cadres. He criticized the Maoists' demands as unreasonable and emphasized the importance of ending violence and joining the national mainstream. Sharma also called on the Naxalites to send a representative if they are serious about peace talks, but ruled out the formation of a separate committee for negotiations. The Maoist statement, released in Telugu, highlighted the group's concerns regarding intensified counter-insurgency operations and alleged human rights violations. They appealed for a positive atmosphere for peace talks, calling for a halt to anti-Naxal operations and the establishment of new security camps.
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Maharashtra Chief Minister Devendra Fadnavis has alleged that leaders of the opposition Nationalist Congress Party (NCP) were involved in a "conspiracy" against his cabinet colleague Jaykumar Gore in a case involving a woman. Fadnavis said there was proof of communication between NCP leaders Supriya Sule and Rohit Pawar, and one of the accused in the case where three persons, including the woman, have been arrested for trying to extort money from Gore. He also pointed to Gore's acquittal more than five years ago in a case involving the woman's allegations of harassment. Fadnavis emphasized that opposition and ruling parties are political opponents and not enemies. The CM also criticized the behavior of some opposition members in the state assembly, accusing them of insulting the House and pressuring ministers.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
Beleaguered Maharashtra minister Dhananjay Munde resigned from the cabinet on Tuesday, days after his close aide Walmik Karad was named as the mastermind in the murder of a village sarpanch and three months after the new Mahayuti government assumed office.
Capital markets regulator Sebi on Wednesday came out with a cybersecurity framework for all portfolio managers having an asset base of at least Rs 3,000 crore. The new guidelines will come into force from October 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular. Under the framework, Sebi asked portfolio managers to report all cyber-attacks and breaches experienced by them within 6 hours of detecting such incidents.
Total market funds are ideal for long-term investors who prefer a simple, hands-off approach, making them suitable for those unwilling to manage multiple funds.
Novice investors must understand that volatility is an inherent part of equity markets and learn to navigate through such phases.
'It won't be a V-shaped recovery. It'll be consolidation.' 'Investors might exit during that grind. It'll be painful.'
Don't let panic ruin your wealth. Avoiding these mistakes can save you from HUGE losses, says Ramalingam Kalirajan
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
Violence erupted in central Nagpur on Monday with stones hurled at police amid rumours that the holy book of a community was burnt during an agitation by a right-wing body for the removal of Aurangzeb's tomb, officials said.
Gripped with fear as an investor following a 12 per cent market fall? Here's Radhika Gupta's advice to investors.
A day after joining the Eknath Shinde-led Maharashtra government, Deputy Chief Minister Ajit Pawar and state minister Chhagan Bhujbal on Monday went to meet Deputy Chief Minister Devendra Fadnavis to discuss allocation of portfolios in the cabinet, sources said.
Crorepatis build wealth through disciplined saving, smart investing, and strategic risk-taking, proving that true financial freedom is earned, not inherited, says Ramalingam Kalirajan
Madhya Pradesh Chief Minister Mohan Yadav has ordered strict action against those responsible for the death of an ASI who was killed while trying to rescue a man from an attack by a group of tribals in Mauganj district. The incident has sparked outrage and raised concerns about the law and order situation in the state. The opposition Congress has criticized the government, alleging that law and order has collapsed in Madhya Pradesh.
Mahindra & Mahindra, Bharti Airtel, Tata Consultancy Services, Infosys, ICICI Bank, and ITC were the biggest laggards. Foreign portfolio investors (FPIs) offloaded equities worth Rs 4,294.69 crore on Friday, according to exchange data.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Maharashtra Chief Minister Devendra Fadnavis has assured the public that the police are making progress in the investigation of the attack on Bollywood star Saif Ali Khan. Fadnavis, who also holds the home portfolio, stated that police have gathered several clues and are confident of apprehending the culprit soon. The attack occurred early Thursday morning at Saif Ali Khan's residence in Mumbai's Bandra area.
Under its new chairman Tuhin Kanta Pandey, the Securities and Exchange Board of India (Sebi) has gravitated towards greater transparency and ease of doing business, setting an objective of "effective and optimum" regulation. On Monday, during its first board meeting under Pandey, the regulator has decided to constitute a high-level committee (HLC) to review conflicts of interest and unveiled initiatives to simplify regulatory processes.
After heightened activity in 2024, there has been a slowdown in new listings, with no main-bourse IPOs hitting the market in the past three weeks due to a correction in the secondary market. This slowdown in IPO activity is reflected in the numbers, as only five companies went public in January and four in February, compared to 16 listings in December 2024.
Indo-Canadian Anita Anand and Delhi-born Kamal Khera are part of new Canadian Prime Minister Mark Carney's cabinet. Anand is the Minister of Innovation, Science and Industry while Khera is Minister of Health. Carney's cabinet with 13 men and 11 women is smaller than Trudeau's 37-member team.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
A 37-year-old man accused of raping a woman inside a bus at Swargate bus station in Pune was arrested after a days-long manhunt. The accused, Dattaray Ramdas Gade, was hiding in a paddy field in his native Shirur tehsil. Police used drones and sniffer dogs to track him down.
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.
The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable.
Maharashtra Chief Minister Devendra Fadnavis has called the violence in Nagpur a premeditated conspiracy and said the mob had targeted specific houses and establishments. The violence erupted on Monday after a protest against Mughal emperor Aurangzeb's tomb, resulting in several houses and vehicles being vandalised. At least 12 police personnel, including three deputy commissioners of police, were injured in the violence, which erupted in central Nagpur. Fadnavis, who also holds the Home portfolio, said those who attacked police personnel will not be spared.
Assam Chief Minister Himanta Biswa Sarma said his government may seek the help of agencies like the Interpol in investigating the alleged interference of Pakistani national Ali Tauqeer Sheikh, who allegedly has links with Congress MP Gaurav Gogoi's British wife, in India's internal affairs. Sarma said the probe is at an initial stage and he has informed Union Home Minister Amit Shah about the developments in the case.
'Adventure travel, cultural tours, and wellness retreats are in high demand.'
After a massive selloff in the shares of food delivery giants Zomato and Swiggy, analysts believe the time may be right for investors to start adding these stocks to their portfolio carts. Their optimism, they say, stems from the sharp correction in stock prices and valuations, which seem to have "over-baked" concerns about the two companies.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Ministers' resignation accepted, portfolios farmed out
Patel insisted that the meeting with Shah and other BJP leaders was a "courtesy call" as he and Ajit Pawar had not met them formally since joining the ruling alliance in Maharashtra.
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