‘In the case of corporate credit, especially to AAA borrowers, lenders will have to take a fresh look at pricing.’
Posts tagged Rediff
Ola Electric shr price: ‘Madness beyond fundamentals’ (21-08-2024)
Ola Electric share price strategy: The meteoric rise of Ola Electric share price has left analysts and investors bewildered. Yet, they suggest investors hold on to the stock as it remains a pure “momentum” play. Since its listing on August 9, the stock has surged 92 per cent (till August 19) over its issue price of Rs 76, taking its market capitalisation to a little over Rs 63,000 crore.
Shaktikanta Das is top central banker for 2nd year (20-08-2024)
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally for the second consecutive year by US-based Global Finance magazine. “Happy to announce that for the 2nd consecutive year, RBI Governor @DasShaktikanta has been rated ‘A+’, in the Global Finance Central Banker Report Cards 2024,” the RBI said in a post on X.
Jio, Airtel drive telecom subscriber base growth (20-08-2024)
New customer additions by Reliance Jio and Bharti Airtel pushed the Indian telecom subscriber base past 120.5 crore in June, according to a Trai report released on Tuesday. The wireless subscriber base grew marginally to over 117 crore and wireline connections in the country increased to 3.51 crore in June from 116.89 crore and 3.47 crore, respectively, in May, as per data released in Trai’s subscriber report for June.
Byju vows to pay salary once he gets control of A/Cs (20-08-2024)
Edtech firm Think and Learn, which owns Byju’s brand, has not paid the July salary to employees as the company was unable to access its accounts due to a temporary stay granted by the Supreme Court on the NCLAT’s decision, a top official said on Tuesday. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju’s.
Sensex surges 378 points; bank, finance stocks spurt (20-08-2024)
Among the 30 Sensex firms, Bajaj Finserv, IndusInd Bank, Tech Mahindra, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, NTPC, and Sun Pharma were the major gainers. On the other hand, Bharti Airtel, ITC, Adani Ports, JSW Steel and Tata Motors were among the laggards.
NRI deposits see nearly $4 bn inflows in Apr-Jun FY25 (20-08-2024)
Overseas Indians deposited around $4 billion in non-resident Indian (NRI) deposit schemes in April – June FY25, up 79 per cent over the amount deposited in these schemes in the same period last year, data released by the Reserve Bank of India (RBI) on Monday showed. In April – June FY25, inflows into the NRI schemes stood at $3.95 billion, compared to $2.21 billion during the same period a year ago. With this, the total outstanding NRI deposits as of June stood at $155.71 billion.
Unspent CSR funds hit five-year high in FY23 (20-08-2024)
Not all listed companies above a threshold have spent on corporate social responsibility (CSR) in the way they were required to do. The aggregate unspent amount in 2022-23 (FY23) stood at a five-year high of Rs 1,475 crore. In FY23 listed companies spent Rs 15,602 crore while the amount to be expended was Rs 15,787 crore, according to the data from corporate tracker primeinfobase.com.
Lava dials up ambitions for smart wearables market (20-08-2024)
With the recent launch of smartwatches, home-grown smartphone maker Lava is looking to secure a strong foothold in the Indian wearables market. The company aims to capture up to 20 per cent of this segment over the next few years, according to a senior executive.
Tech, startup groups push back against OTT licensing (20-08-2024)
Tech and startup industry bodies have again pushed back against calls by telecom operators to bring over-the-top (OTT) services under a licensing regime similar to telcos, and open them up to taxation. Ahead of public consultations on the issue later this week, the Internet and Mobile Association of India (IAMAI), Nasscom and the US India Strategic Partnership Forum (USISPF), among others, have written to the government arguing against such efforts.