Banks have faced pressure to mobilise funds through various avenues over the past couple of years as credit growth has outpaced deposit growth, although the extent of the wedge between the two has narrowed over the last couple of months. As on October 4, bank credit growth was at 14.1% year-on-year, while deposit growth was at 12.2% over the same period, RBI data showed.
Broader market gets the feeling of Covid deja vu (23-10-2024)
The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 533 have fallen between 25% and 50%.
Broader market gets the feeling of Covid deja vu (23-10-2024)
The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 533 have fallen between 25% and 50%.
Hyundai India’s weak debut one more among mega IPOs (23-10-2024)
“Since the issue size was large, it took away the possibility of the share price seeing any scarcity premium on the listing day,” said Mrunmayee Jogalekar, auto research analyst at Asit C Mehta Investment Intermediates. “The lack of retail participation and the near-term concerns on the auto sector led to the tepid listing.”
Hyundai India’s weak debut one more among mega IPOs (23-10-2024)
“Since the issue size was large, it took away the possibility of the share price seeing any scarcity premium on the listing day,” said Mrunmayee Jogalekar, auto research analyst at Asit C Mehta Investment Intermediates. “The lack of retail participation and the near-term concerns on the auto sector led to the tepid listing.”
The harsh portfolio! (23-10-2024)
What about the valuation
Adani Energy Solutions gets Sebi notice on shareholder classification (23-10-2024)
Without disclosing further details, the company mentioned the receipt of the SCN in its exchange filing for the September quarter results.
Adani Energy Solutions gets Sebi notice on shareholder classification (23-10-2024)
Without disclosing further details, the company mentioned the receipt of the SCN in its exchange filing for the September quarter results.
Adani Cement takes over CK Birla’s Orient Cement in ₹8,100 cr deal (23-10-2024)
Adani Cement announced the acquisition of Orient Cement from CK Birla Group for ₹8,100 crore. This deal boosts Adani Cement’s market share and reduces freight costs. The acquisition will increase Ambuja Cements’ capacity by around 30 million tonnes per annum within two years. The transaction is expected to complete in three to four months.
Zomato ticks the boxes, yet has a lot more to deliver (22-10-2024)
The company reported an operating profit of ₹226 crore in the quarter against the year-ago loss of ₹47 crore. The operating profit margin stood at 4.7% for the quarter. The improved profitability comes on the back of food delivery margins firming up and quick commerce margins staying near break-even despite the store network expansion.