In an announcement on Thursday, MSCI said it has added five stocks – BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty – to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.
Posts in category Economic Times
Oil & gas witness highest FPI selling; healthcare, power top on buying list (07-11-2024)
Foreign investors renewed buying interest in the healthcare and power sectors, purchasing ₹2,321 crore and ₹1,168 crore in the second half of the month, after selling over ₹2,000 crore in both sectors in the first half of the month.
Fed cuts rates, notes labor market easing and solid economic growth (07-11-2024)
The Federal Reserve has reduced interest rates by a quarter percentage point, citing a cooling job market and progress in controlling inflation. Despite the positive economic indicators, the central bank acknowledges potential uncertainties tied to the recent presidential election.
Fed cuts rates, notes labor market easing and solid economic growth (07-11-2024)
The Federal Reserve has reduced interest rates by a quarter percentage point, citing a cooling job market and progress in controlling inflation. Despite the positive economic indicators, the central bank acknowledges potential uncertainties tied to the recent presidential election.
RBI can handle forex swings well: Deputy Guv Rabi Sankar (07-11-2024)
RBI Deputy Governor Rabi Sankar expressed confidence in India’s ability to navigate potential market volatility stemming from the Trump presidency. Sankar highlighted India’s robust reserves and sound banking system as key strengths. Additionally, he firmly rejected the European Securities and Markets Authority’s demand for oversight of India’s bond clearing platform, citing sovereignty concerns.
Fund flows to NBFCs hit in H1 as banks turn cautious (07-11-2024)
The Reserve Bank of India’s recent regulatory changes, including increased risk weights on bank lending to non-bank financial companies (NBFCs), have led to a funding slowdown for these lenders. This credit squeeze, particularly impacting unsecured and digital lending NBFCs, is likely to curb retail credit growth in the coming year.
Fight for deposits may dent banks’ interest margins by 20 bps: S&P (07-11-2024)
S&P Global predicts that Indian banks will face pressure on net interest margins, potentially dropping by 20 basis points to 3% over the next few years. This squeeze is anticipated due to increased competition for deposits amidst an expected decline in interest rates and steady credit growth.
Trent Q2 Results: Standalone profit rises 46% to Rs 423 crore (07-11-2024)
Trent Ltd, a Tata Group company, reported strong financial results for the second quarter of FY25. The company’s revenue grew by 39% year-on-year. Net profit also increased by 46.18% during the same period. Trent Ltd expanded its store network, adding 43 new stores in Q2 FY25. The company now operates over 800 large-format fashion stores across 184 cities.
Mahindra & Mahindra Q2 Results: Standalone net profit up 13% to Rs 3,841 crore on strong SUV sales (07-11-2024)
Mahindra & Mahindra Ltd. exceeded profit forecasts, reporting a 13% rise in standalone net profit, fueled by robust sales of SUVs, pickups, and commercial vehicles. The company also revised its full-year tractor market guidance upward, citing positive agricultural trends.