Chief economic adviser V Anantha Nageswaran and his team are right in calling out the high degree of opaqueness in credit rating methodologies. In a document titled Re-examining Narratives: A Collection of Essays, published by his office, Nageswaran makes the point that the lack of transparency in the assessment methods of the agencies makes it [&h
India Shelter Finance IPO subscribed 36.62 times on last day of offer
The initial public offer of affordable housing finance company India Shelter Finance Corporation received 36.62 times subscription on the last day of offer on Friday. The initial share sale got bids for 65,59,44,390 shares against 1,79,10,449 shares on offer, as per NSE data. The Initial Public Offer (IPO) had a fresh issue of up to […]
Xiaomi 14 series, iQOO 12 and more: All smartphones confirmed to rock Qualcomm Snapdragon 8 Gen 3 so far
Qualcomm announced its latest Snapdragon 8 Gen 3 chipset at its annual Snapdragon Summit event on Tuesday. And, several phones are coming powered with the newest chip. Xiaomi became the first phone maker to launch its Xiaomi 14 on Thursday with Snapdragon 8 Gen 3 and OEMs like Honor, Asus, iQoo, Meizu, Nubia, OnePlus, Oppo, […]
Israel-Hamas war: Bethlehem resembles a ghost town on Christmas Eve; Celebrations halted due to war
The normally bustling biblical birthplace of Jesus resembled a ghost town on Sunday, as Christmas Eve celebrations in Bethlehem were called off due to the Israel-Hamas war. The festive lights and Christmas tree that normally decorate Manger Square were missing, as were the throngs of foreign tourists and jubilant youth marching bands that gather in
One97 Communications stock settles 19 pc lower
Shares of One97 Communications, the parent firm of Paytm, settled 19 per cent lower on Thursday, a day after the company announced it would focus on high-ticket lending and go slow on loans that are less than Rs 50,000. The scrip of the company nosedived 18.74 per cent to close at Rs 660.70 apiece on […]
FII, DII data: FPIs purchased shares worth Rs 2625 Cr, DIIs added shares worth Rs 134 Cr on November 24, Friday
Foreign institutional investors (FII) purchased shares worth net Rs 2,625.21 crore, while domestic institutional investors (DII) added shares worth net Rs 134.46 crore on November 24, 2023, according to the provisional data available on the NSE. “There are some important developments that might influence FPI inflows into India. The better-than-expe
Gold faces sideways trend amidst holiday lull and Fed Rate Cut Divergence; What should you do now?
By Bhavik Patel It will be sideways market for gold as historically there is little volume in gold trades after Christmas and before New Year. The yellow metal stuck to a range between $2,000 and $2,050 an ounce seen over the past week. While dovish signals from the Fed helped the metal break above the […]
Rating: BUY | All clear to improved industry profitability
Ashok Leyland (AL) reported a robust performance in Q2, with a significant increase in Ebitda and recurring PAT by 29-32% q-o-q (2-3x y-o-y), aligning with Jefferies expectations. Volumes witnessed a notable growth of 10% y-o-y (+21% q-o-q), although ASP declined by 2% q-o-q. The Ebitda margin saw a substantial expansion of 120bp q-o-q, reaching 11
Indian markets shut, a look at how global indices are performing
The Indian equity market will remain closed today on the occasion of Diwali Balipratipada. Previously, on Monday, the benchmark equity indices ended in red. The NSE Nifty 50 dropped 82 points or 0.42% to settle at 19,443.55, while the BSE Sensex fell 325.58 points or 0.50% to 64,933.87. “Markets started the week on a feeble […]
Cipla shares fall over 8 pc; mcap declines by Rs 8,319 crore
Shares of Cipla plunged over 8 per cent on Thursday after the US health regulator pulled up the drug major for various manufacturing lapses at its Pithampur (Madhya Pradesh) based manufacturing facility. The stock tanked 8.10 per cent to Rs 1,168.60 on the BSE. During the day, it dropped 8.37 per cent to Rs 1,165.10. […]