So, as the Fed eases, there will be other banks. Already five-six banks have been ahead of the Fed, especially Canada and ECB, Switzerland. So, this easing is a pivotal moment. Second, as far as India goes, look at quarter one GDP, 7.4% growth in private consumption expenditure.
Stock Market LIVE Updates: Sensex up 500pts at 83,500, Nifty at 25,500 on 50bps rate cut (19-09-2024)
Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and Nifty 50 were trading at elevated levels, after opening at record levels on Thursday, following the Fed’s 50bps rate cut.
IREDA planning to raise Rs 30,000 crore via debt, equity (19-09-2024)
Indian Renewable Energy Development Agency (IREDA) plans to raise ₹30,000 crore in FY25 through debt and equity. The company, which listed in November 2023, aims to fund part of this through a follow-on public offer by early next year. IREDA seeks to expand its loan book beyond ₹85,000 crore by the end of the current financial year.
The harsh portfolio! (19-09-2024)
As a customer of EF, for last 20 years, I can tell, the current management lost its loyal customer base significantly. Mkt knows it, that’s why despite all the focus or words of Digital Transformation, Top line not moving, it doesn’t have any differentiated product anymore. Also many customers are no longer taking Annual Contract from EF.
The current management is needed to focus on how to retain existing customer base 1st, which is fast dwindling with better customer service and timely attendance
NTPC Green Energy files for Rs 10,000-crore IPO (19-09-2024)
NTPC Green Energy, a subsidiary of NTPC, has filed for a ₹10,000-crore IPO with the Securities & Exchange Board of India. The IPO will be a fresh issue of shares. The company plans to use ₹7,500 crore to reduce the debts of its subsidiary NTPC Renewable Energy and the rest for general corporate purposes.