B2B fintech major EnKash, which received the Reserve Bank of India’s (RBI) payment aggregator (PA) license recently for its Olympus product, plans to expand overall spends by 3X-5X by FY25 from $3 billion in FY23, co-founder Yadvendra Tyagi told FE. “The company is currently operating and serving more than 250,000 businesses processing $3 billion s
King Charles III’s annual Christmas message from Buckingham Palace to include sustainable touches
King Charles III will give his second Christmas message from Buckingham Palace in front of a live tree decorated with sustainable ornaments. The message to be broadcast at 3 p.m. on Monday will be the king’s second holiday address since he ascended the throne but the first since his coronation in May. The natural decorations […]
Share Market Highlights: Nifty settled below 19750, Sensex below 65,800; Bank Nifty plunged more than 1%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed Friday’s trading session in the negative territory. The NSE Nifty 50 dipped 33.40 points or 0.17% to settle at 19,731.80, while the BSE Sensex dropped 187.75 points or 0.28% to 65,794.73. The broader indices ended largely in mixed, with gains [&hel
Private capex – Are animal spirits back?
– By HDFC Asset Management Company Limited Investments in fixed assets by listed private manufacturing companies stood at Rs 8.1 lakh crore on a trailing 12-month basis as of September 2023, increasing by 17 per cent over September 2022 levels. This rise has been primarily driven by key industries such as energy, automotive and industrials. [&helli
RBL Bank board to have no RBI-appointed director as Yogesh Dayal’s two-year term ends
The board of RBL Bank will no longer have a Reserve Bank of India representative, as the the two-year term of the central-bank appointed additional director Yogesh Dayal has ended. In a communication to exchanges on Sunday, the city-based private sector lender said Dayal’s term as an additional director has ended on December 23. According […
FPIs selling spree continues; pull out Rs 5,800 cr from equities in November
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before [&he
Sebi asks brokers to inform most important terms and conditions to clients
For ease of understanding, capital markets regulator Sebi on Monday asked brokers to inform a standard “most important terms and conditions” to the clients, which will be acknowledged by them. The form, nature of communication, documentation, and detailed standards for implementation of “most important terms and conditions or MITC” will be publishe
GDP data, FIIs return spur Nifty to new high
Indian equities recorded their biggest weekly gains in five months as the benchmark Nifty scaled a new peak driven by encouraging GDP data and the return of FIIs. The benchmark Nifty50 touched its lifetime high of 20,291.55 in intra-day trade before settling at 20,267.90, up 134.75 points or 0.67%. It was also an all-time high […]
IREDA public issue to open on November 21; sets price band at Rs 30-32 share
State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday fixed a price band of Rs 30-32 per share for its Rs 2,150-crore initial public offering (IPO). The maiden public issue will open for subscription on November 21 and conclude on November 23 and the anchor book of the offer will be opened for a day […]
Strategy to balance high valuations in Mid & small caps: Go for multi-cap funds to reduce risks
Given that the valuations of small-caps and mid-caps are elevated, investors should look at multi-cap funds to diversify across market segments and ensure some systemic risk is mitigated, say experts. The investment mandate for multi-cap funds warrants that a minimum of 25% be invested in each of the three market cap segments, irrespective of marke