The asset quality trends are not so promising either. There is lot of stress across the board on retail assets as most customers are over leveraged. A cautious stance here might not be unwarranted.
Mahindra and Mahindra updates on sales volume (02-11-2024)
For the month of October 2024
How you can pave path to prosperity with Gold ETFs (02-11-2024)
Gold has historically served as a hedge against inflation and economic distress, offering returns and mitigating risks when included in portfolios. While physical gold has drawbacks like storage risks and purity concerns, Sovereign Gold Bonds and Gold ETFs present viable alternatives with added benefits, including liquidity and lower costs.
Aptech directorate changes (02-11-2024)
W.e.f. 1 November 2024
Executive search firm EMA Partners India to launch IPO (02-11-2024)
EMA Partners India plans to launch an IPO worth up to Rs 100 crore, making it the first executive search firm to be listed in the country. Proceeds will be used for leadership team augmentation, IT infrastructure upgrades, debt repayment, and potential acquisitions. EMA’s net worth is Rs 70 crore with a significant profit increase as of March 2024.
Planning to spot wealth creators in chemical space? PI Industries, Atul could give over 20% return each (02-11-2024)
India is positioning its chemical and petrochemical industry to become a global leader. The sector aims to increase its output to USD6 trillion. This growth will be driven by strategic partnerships, investments in sustainable practices, and innovation. Various states are key contributors, with policies and projects enhancing production and exports. The industry’s expansion is crucial for India’s economic goals.
NCP-SCP chief Sharad Pawar greets people on occasion of Diwali Padwa at his residence in Baramati (02-11-2024)
Sharad Pawar, the Nationalist Congress Party chief, greeted people at his residence in Baramati for Diwali Padwa. The Baramati constituency will see a family battle in upcoming elections, with NCP’s Ajit Pawar facing his nephew Yugendra Pawar. Preparations for Maharashtra’s elections to 288 Assembly seats are in full swing, with voting on November 20.
Bandhan Bank’s Partha Sengupta takes charge as MD & CEO (02-11-2024)
Bandhan Bank said that Partha Pratim Sengupta has taken charge as managing director & chief executive officer (CEO) with effect from 1 November 2024.
Tata Consumer Products updates on Right Issue Allotment (02-11-2024)
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Primary markets can become as efficient as secondary markets (02-11-2024)
SEBI’s technology-driven efforts have accelerated IPO timelines significantly, reducing them from months to days. Reevaluating the mandatory 50% allocation to retail and HNI investors could further streamline IPO processes and improve market efficiency, suggesting alternatives like increased institutional involvement or mutual fund schemes for retail investors.