Banks have issued Rs 7.78 trillion worth of CDs in the current calendar year until August 2024, compared to Rs 4.9 trillion in the same period of 2023, registering a 59 per cent growth
Posts tagged Rediff
Exports demand may put pressure on Bajaj Auto shares (26-09-2024)
On the exports front, Bajaj is under pressure in Bangladesh and Africa. On the domestic front, it could ride improvement in rural demand and new launches but it also has to cope with competitive intensity and a high base. The management projects 7-8 per cent volume growth in domestic 2W in financial year 2025 (FY25) with moderation in H2FY25 due to a high base Y-o-Y.
Mkts hit fresh highs tracking rally in Asian peers (26-09-2024)
Benchmark indices Sensex and Nifty climbed to fresh all-time highs on Thursday driven by buying in auto shares amid a sharp rally in Asian markets. The BSE Sensex jumped 666.25 points or 0.78 per cent to settle at an all-time high of 85,836.12. During the day, it reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent.
India Working on ₹30,000 cr Maritime Development Fund (26-09-2024)
The fund will promote domestic shipbuilding of all types and sizes to reduce India’s dependence on foreign ships.
Bourses up vigil on SME IPOs: Seek proper disclosures (26-09-2024)
Stock exchanges have intensified vigil on Small and Medium Enterprise (SME) listings by mandating more comprehensive financial disclosures and enhanced monitoring of utilisation of issue proceeds from investment bankers, amid rising instances of dubious practices. Bourses – responsible for vetting initial public offering (IPO) documents and granting approvals to SMEs – have tightened norms in recent weeks with further measures planned for new filings to safeguard investor interests, sources said.
Samvardhana Motherson: Bumpy ride in the short term? (26-09-2024)
Shares of auto component major, Samvardhana Motherson International, has gained 11.5 per cent on the bourses after the company approved the qualified institutions placement (QIP) issue and announced the calculation methodology for its compulsorily convertible debentures, or CCDs, into equity shares. Analysts cite strong investor response to the issue that has kept the sentiment positive for the stock. Brokerages, however, have a mixed view on the outlook for the auto parts supplier.
Centre Wants Stalin To End Samsung Strike (26-09-2024)
Labour Minister Mansukh Mandaviya urges state government ‘to intervene for an early and amicable resolution for maintaining a positive manufacturing sector ecosystem’.
‘PLI Has Been A Big Boost To Manufacturing’ (26-09-2024)
‘We can hope to see a lot of creation of jobs in the days to come.’
‘Hybrid vehicles are an intermediate solution’ (26-09-2024)
‘In terms of incentives, if you think about it, hybrids are a 20-year-old technology.’
‘Hybrid vehicles are an intermediate solution’ (26-09-2024)
‘In terms of incentives, if you think about it, hybrids are a 20-year-old technology.’