Markets to focus on RBI’s interest rate decision, global trends

RBI’s interest rate decision, macroeconomic data, global trends and trading activity of foreign investors are the crucial factors to drive equity markets in a holiday-shortened week ahead, analysts said. Markets would remain closed on Monday for Gandhi Jayanti. “While global

Some headwinds emerge for India’s cement sector amidst high valuations

There are confusing reports and advisories about the cement sector. While the space has seen speculative support on the basis of the Budget’s infrastructure thrust, there are several negative factors surfacing as well. Photograph: Adnan Abidi/Reuters The sector may be

Mahesh Misra: ‘Our Aim Is Housing Finance’s Siginficant Role In Economic Growth’

‘We are working with a few housing finance companies to drive affordable lending because that’s where we believe our sweet spot is.’ Indian Mortgage Guarantee Company (IMGC), the country’s only mortgage guarantee firm, aims to ramp up its portfolio five-fold

Markets rebound on firm global trends

Benchmark Sensex rose by 320 points while Nifty closed above the 19,600 mark on Friday after value-buying in metal, financial and energy stocks aided by positive trends in the US and European markets. Photograph: PTI Photo from the Rediff Archives

RBI extends deadline to exchange Rs 2,000 notes

The Reserve Bank on Saturday extended the special drive to withdraw Rs 2,000 bank notes from the system by another week, till October 7. Photograph: ANI Photo The central bank said ever since it announced the move to withdraw Rs

Despite JP Morgan move, analysts remain watchful of bank stocks; here’s why

Public sector bank stocks (PSBs) gained ground on Friday after JP Morgan suggested that it will include India in its Emerging Market Bond Index starting June 2024. Photograph: Ajay Verma/Reuters The rally in PSBs, analysts feel, was more a knee-jerk

Stake sales by promoters, private equity investors 2.2 times of 2022

Stake sales by promoters and private equity/venture capital (PE/VC) investors this year are already exceeding twice those of last year. So far this calendar year, the selling stands at over Rs 87,400 crore, 2.2 times the Rs 39,700 crore worth

Forex reserves fall $2.33 bn to $590.70 bn

The country’s foreign exchange reserves declined further by $2.33 billion to $590.70 billion for the week ended September 22, the Reserve Bank said on Friday. Photograph: Kham/Reuters In the previous reporting week, the overall reserves dropped by $867 million to

Anil Agarwal to demerge 5 businesses of Vedanta, restructure zinc unit

Mining magnate Anil Agarwal’s conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit

Key infra sector growth rises to 14-month high of 12.1% in Aug

The growth of eight key infrastructure sectors rose to a 14-month high of 12.1 per cent in August 2023 against 4.2 per cent a year ago, mainly due to expansion in production of coal, crude oil, and natural gas, according