Benchmark BSE Sensex dropped by 271 points on Monday, marking the second straight day of losses due to selling in IT stocks and a weak trend in global markets after rating downgrade of the US by Moody’s Ratings. Photograph: Francis
IDFC First Bank on Monday said its shareholders have rejected the proposal to allow global private equity firm Warburg Pincus’ arm to nominate a non-executive director on the bank board. Photograph: Courtesy: IDFC First Bank Photos/Wikimedia Commons Last month, IDFC
India’s smartphone exports surged nearly fivefold to the US and about fourfold to Japan in the past three years, propelling the segment to surpass petroleum products and diamonds as the country’s top exported goods, according to government data. Photograph: Andrew
Foreign investors continue to show confidence in the country’s equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. Illustration: Dominic Xavier/Rediff This positive momentum follows a net investment
‘This helps the consumers secure more favourable terms from CIs.’ Kindly note the image has been published only for representational purposes. Photograph: Pabitra Kaity/Pixabay Credit institutions (CIs) and credit information companies (CICs), or credit bureaus, have since January this year
India’s forex reserves jumped by $4.55 billion to $690.62 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the
‘The universe of PSU stocks is huge and diverse.’‘Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.’ Once the Street’s favourite, shares of public sector
Inflows into equity mutual fund (MF) schemes declined for a fourth consecutive month in April, even as systematic investment plan (SIP) inflows reached a record high of about Rs 26,632 crore. Illustration: Dominic Xavier/Rediff Equity schemes reported net inflows of
Strong margins in the jewellery segment in Q4FY25, steady growth guidance for FY26 and expectations of outperformance in the organised jewellery sector boosted sentiment for the largest listed jewellery maker by market capitalisation, Titan Company. Photograph: Courtesy, Tata.com The stock
‘Now we have one of the best asset qualities in the industry.’ Photograph: Late Danish Siddiqui/Reuters “I target loan growth which is reasonable but not very risky,” Prashant Kumar, MD and CEO, Yes Bank, tells Abhijit Lele and Subrata Panda/Business
