A number of non-banking financial companies (NBFCs) have tapped into the debt capital market ahead of the festival season to meet increasing credit demand as bank funding slows. On Tuesday, Aptus Value Housing Finance secured Rs 300 crore at an interest rate of 8.75 per cent through bonds maturing in five years. ICICI Home Finance Company turned to the market to raise Rs 275 crore at 7.94 per cent, alongside another Rs 300 crore at 7.95 per cent, through bonds maturing in five and three years, respectively.
India is among the three least-favoured Asian stock markets, according to BofA Securities whose survey found that 10 per cent of fund managers are underweight on Indian equities from a 12-month perspective.
From the 30-share blue-chip pack, Zomato cracked nearly 7 per cent. Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma and UltraTech Cement were the other major laggards. In contrast, Axis Bank, Hindustan Unilever, Tata Consultancy Services and IndusInd Bank were the gainers.
The Adelaide Oval is set to host a thrilling day-night Test match between India and Australia, starting on Friday December 6th.
Rishabh Pant's absence from India's ODI playing XI has sparked debate, with many questioning the team's strategy of promoting Axar Patel ahead of the explosive wicketkeeper-batter. While Axar's contributions in the first two ODIs against England have been lauded, critics argue that Pant's potential impact in crucial phases of the game cannot be overlooked. The team's reliance on a left-right batting combination has also been questioned, with some questioning the effectiveness of placing KL Rahul at No. 6, a position perceived as unsuitable for his style of play. Former players and experts have weighed in on the matter, highlighting the complex situation and raising concerns about the long-term implications of these tactical decisions.
Propelled by strong demand and lower costs, the country's largest airline, InterGlobe Aviation (IndiGo), reported solid operational performance in the 2024-25 (FY25) October-December quarter (Q3). While demand was driven by the festival season, year-end increase, and higher consumer spending, lower fuel and rental costs helped deliver a beat at the operating profit level.
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
GMR Group-led DIAL, which manages and operates India's largest airport, recently requested the AERA to double the user development fee (UDF) for international business and first-class travellers compared to economy and premium economy over the next four years. It has also sought higher UDF for all domestic passengers flying during peak hours -- 5 am-8:55 am and 5 pm-8:55 pm.
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
In a significant order, the Supreme Court has restrained the Enforcement Directorate from accessing and copying content from electronic devices seized during searches against Santiago Martin, also known as the 'lottery king', his relatives, and employees.
Ravi Shastri, who knows a thing or two about winning Test rubbers in Australia, on Thursday asked India skipper Rohit Sharma
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.
'They are ideal for short-term financial goals like children's education or a down payment for a house.' 'They are also useful for transitional savings, such as during job switches or while starting a business.'
'We plan to launch new initiatives, including cash flow-based lending, to ensure borrowers are not burdened and can access funds more quickly.'
With short-term rates firming up due to tight liquidity conditions, Indian corporates are opting to borrow long term to take advantage of the attractive rates by locking them in these uncertain times. The banking system has a liquidity deficit of over Rs 2 trillion. According to market participants, engineering conglomerate Larsen & Toubro (L&T) raised Rs 1,500 crore through 10-year bonds in December 2024.
Net flows from domestic institutional investors crossed Rs 5 trillion for the first time during a calendar year.
'We need to win and that's our No. 1 priority. We need to play good football, as it gives us more chances to succeed.'
DIIs owned equities worth Rs 73.5 trillion, just 1.9 per cent less than FPIs. This marks a significant change from a decade ago.
Power Grid Corporation of India's (PWGR's) Q3FY25 revenue declined 3 per cent year-on-year (Y-o-Y) to Rs 11,200 crore, with operating profit falling 7 per cent Y-o-Y to Rs 9,500 crore and margin contracting to 85 per cent from 91 per cent Y-o-Y. Other income surged 89 per cent Y-o-Y to Rs 500 crore, but regulatory income dropped 62 per cent Y-o-Y to Rs 42.5 crore.
The barren run of skipper Rohit Sharma and the selection conundrum that Virat Kohli's possible return poses are the towering obstacles in India's quest for a series win against England in the second ODI in Cuttack on Sunday.
Rupee depreciation, if it continues, will likely pull the markets down further. Since September 2024, the rupee has declined by 3.1 per cent, the Nifty has dropped by 8.5 per cent during the same period, and the Sensex has fallen by 7.3 per cent. If the decline continues, markets will need to brace for more pain as it could push foreign portfolio investors (FPIs) to exit their positions faster than anticipated.
Macroeconomic data announcements, trading activity of foreign investors and global trends will guide equity market movement this week, which would also mark the beginning of the new calendar year and month, analysts said.
Former hockey captain P R Sreejesh was chosen for the Padma Bhushan, while Ravichandran Ashwin was among the Padma Shri winners.
Despite a stellar start to his career, Varun Aaron's journey was marred by inconsistent form and frequent injuries, with his last appearance for India dating back to 2015.
Yashasvi Jaiswal's run out will be huge in the broader context of the fourth Test match against India as it also affected Virat Kohli's concentration
Investors' sentiments will be guided by a host of domestic and global macroeconomic data announcements this week, along with the trading activity of foreign investors and trends in world stocks, analysts said. Besides, the rupee-dollar trend and movement of global oil benchmark Brent crude will also be crucial in dictating terms in the market, experts added.
EPS has had its way on most things, alliance-wise. A week earlier, he reiterated that he would not re-admit OPS and Sasikala Natarajan back in the party. It was a message not just to detractors in the AIADMK. It was even more so for the BJP leadership in Delhi. Even more important for the AIADMK was their demand for accepting EPS as the chief ministerial candidate of any alliance that the party would form, observes N Sathiya Moorthy.
'The Budget must be pro-growth, focusing on infrastructure creation while also managing the fiscal deficit.'
Brison Fernandes bagged his second successive brace as visitors FC Goa notched a 4-2 victory over Odisha FC.
Give your cold coffee a delicious pep up with peanut butter!
Cholamandalam Investment and Finance's (Chola) share has yielded one of the best returns in the last month. The company has sustained assets under management (AUM) growth at 7 per cent quarter-on-quarter (Q-o-Q), and 35 per cent year-on-year (Y-o-Y) in Q1FY25. Scaling up of new businesses now contributes to 13 per cent of loans (vs 10 per cent in Q1FY24).
"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.
Jammu and Kashmir caused a major upset in the Ranji Trophy as they shocked defending champions Mumbai by five wickets on Saturday.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Farmer representatives and agricultural stakeholders urged the government to provide cheaper long-term credit, implement lower taxes, and double the PM-KISAN income support during a comprehensive pre-budget consultation with Finance Minister Nirmala Sitharaman on Saturday. The two-hour meeting saw a detailed discussion of proposals, aimed at addressing multiple challenges in the agricultural sector, with key demands focusing on financial relief, market reforms, and strategic investments.
These six male megastars have formed popular pairs with two starkly different leading ladies. Dinesh Raheja compares and contrasts the chemistry between the onscreen couples, and asks you, dear reader, to vote for your favourite jodi.
The Kota district administration in Rajasthan has reported a 50% decline in student suicides this year compared to 2023, attributing the decrease to stricter guidelines for coaching institutes and hostels, mental health initiatives, and outreach programs. Despite the positive development, coaching businesses in Kota have experienced a slowdown due to negative publicity and stricter regulations. The district administration has launched a program called 'Kota Cares' to reaffirm its commitment to student well-being and safety.
Zomato emerged as the biggest gainer, followed by Reliance, Nestle, Asian Paints and Power Grid.
Images from the first One-Day International between India and England in Nagpur, on Thursday.
Corn rotis fried in ghee with white butter-topped mustard greens has a firm place in culinary heaven.
