India’s core consumer inflation hit a decadal low of 3.14% in June, suggesting excess capacity in the economy. Jahangir Aziz from JP Morgan Chase advocates for an immediate policy rate cut by the RBI, despite geopolitical uncertainties and US election risks potentially impacting global economics.
Indian Microfinance Sector and the companies in the sector (25-09-2024)
Banks/ NBFCs also do micro finance lending and the vice versa Microfinance institutions also do MSME and other loans. In my view the classification of the lending business should be secured vs a vs unsecured lending. The present problem is shown as the problem segregated to the MFIs only and the other lending businesses are fine. Is it that the problem will not percolate to the other lending businesses and the MFIs will only face the headwinds resulting to the value compression from its peaks of P/BV multiple of 3 to 0.2 ( in an extreme passimism) or MFIs are just ahead of the downward curve in the whole financial sector? As the rate cuts are just round the corner this situation would have been avoidable. Fusion Finance had a picture perfect situation up to FY 24 with ROE of 20%, ROA of 5% along with doubling AUM every alternative years and everything got melted in 4-5 months that too when the rate cut cycle is about to start! Please help me as I am unable to connect the dots. I had a perception that MFIs would do well in the rate cut cycles that doesn’t seem so far.
NSE plans to triple colocation rack capacity to 4,000 at Mumbai HQ in 3 yrs (25-09-2024)
The National Stock Exchange (NSE) plans to expand its colocation data centre at its headquarter in Mumbai for trading members with an almost three-fold increase in number of racks to over 4,000 within the next three years, sources said on Wednesday.
The expansion will be carried out at the NSE’s existing building at Exchange Plaza, Bandra Kurla.
The decision is based on member feedback and aimed at enhancing ease of operations and increasing the availability of racks for trading members.
Currently, NSE offers 1,400 racks to members, and the planned expansion will boost this capacity to over 4,000 racks within the next three years.
Further expansions will be made available as per additional requirements, they added.
Co-location facility allows stock brokers to place their servers at a stock exchange in consideration of a fee, giving them access to price data a fraction of second before other participants.
NSE, which is the largest stock exchange globally in terms of orders and tra
BJP MP wants probe in Waqf Bill feedback; Congress hits back (25-09-2024)
BJP MP Nishikant Dubey has expressed concerns over the 1.25 crore submissions received by the parliamentary panel reviewing the Waqf (Amendment) Bill, suggesting a probe into potential involvement of fundamentalist organizations and foreign powers. Congress has criticized Dubey’s stance, accusing the BJP of undermining democratic principles.
Third eye: Buzz over road accidents, another statue, the blame game (25-09-2024)
LJP MP Veena Devi’s son Chhotu Singh died in a road accident in Bihar, adding to a series of similar tragedies among LJP MPs. Meanwhile, the Maharashtra government has issued a tender for a new 60 feet statue of Chhatrapati Shivaji Maharaj. YSRCP chief YS Jagan Mohan Reddy urged people to participate in temple rituals across Andhra Pradesh.
India’s top bourse is said to have doubled in value amid IPO hopes (25-09-2024)
While one of the people said NSE is working toward completing documentation for an IPO by early next year, the potential listing could still take longer
Yogi defines law and order: V-P Jagdeep Dhankhar (25-09-2024)
Vice President Jagdeep Dhankhar praised Uttar Pradesh Chief Minister Yogi Adityanath for transforming the state into an industrial hub. He emphasized that law and order are crucial for investment, and Adityanath’s efforts have made Uttar Pradesh a model of progress. Dhankhar also highlighted India’s economic growth and its appeal to global investors.
‘Make in India’ initiative helped strengthen economy (25-09-2024)
The Modi government’s flagship initiative ‘Make in India’ launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy.