Shares of Elitecon International were locked at the 5% upper circuit limit in Monday’s trade, December 08, at ₹90.20 apiece, in an otherwise weak market, on the back of a strong rise in trading volumes. The company, in a filing
Bajaj Finserv – the holding company of Bajaj group’s financial services business – has laid out plans for the next five years. Photograph: Courtesy, Bajaj Finserv During this period, it is eyeing 18-22 per cent compound annual growth rate (CAGR)
For every 100 rupees, households invested Rs 45.2 in mutual funds and equities in 2024-2025. Illustration: Dominic Xavier/Rediff Incremental flows of household savings into stock markets and mutual funds relative to bank deposits have more than doubled over the
Reserve Bank of India (RBI) Governor Sanjay Malhotra, and Deputy Governors Poonam Gupta, T Rabi Sankar, Swaminathan J, and S C Murmu on Friday addressed issues during the post-policy media interaction. Photograph: Hemanshi Kamani/Reuters Is there more room for the
The US Fed’s interest rate decision will be the major factor dictating trends in the domestic equity market this week, with global movements and foreign investor activity also influencing sentiment, according to analysts. Illustration: Dominic Xavier/Rediff Stock markets ended the
Supreme Petrochem Ltd has temporarily halted operations at its Manali, Chennai manufacturing unit after heavy rains and water discharged from nearby reservoirs caused flooding inside the facility, the company said in an exchange filing on December 5. According to the
(Bloomberg) — Frontier markets will likely extend their impressive rally into next year, thanks to investor optimism about economic recovery and reduced risks of sovereign defaults. Asia Frontier Capital Ltd., a Hong Kong-based fund manager focused on the region’s high-growth
Foreign investors have pulled out Rs 11,820 crore ($1.3 billion) from Indian equities in the first week of this month, primarily driven by the sharp depreciation of the rupee. Illustration: Uttam Ghosh This sharp withdrawal follows a net outflow of
Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB). Illustration: Dominic Xavier/Rediff The transition will allow Fino to accept
Rate cut a response to economic data; US tariffs still weigh: Analysts Illustration: Dominic Xavier/Rediff The Reserve Bank of India (RBI) on Friday delivered a 25 basis point (bps) repo rate cut analysts expected, driven by the strong 8.2 per
