‘There has been a change in the advances mix, with the share of corporate loans decreasing.’
Posts tagged Rediff
Sensex tanks 1,017 points to close at 2-week low (06-09-2024)
Benchmark equity indices Sensex and Nifty slumped over 1 per cent on Friday, tracking a weak trend in global markets and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tumbled 1,017.23 points or 1.24 per cent to settle at 81,183.93.
High-level team of US pension funds to visit India (06-09-2024)
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India’s Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
Meity for jobs push in electronic components PLI plans (06-09-2024)
The Ministry of Electronics and Information Technology (Meity) is looking at a proposal to generate 1.5-2 direct jobs for every Rs 1 crore invested by companies under the proposed electronic components production-linked incentive (PLI) scheme. If this plan fructifies, a Rs 10,000 crore investment under the proposed PLI scheme would bring with it the expectation of creating 15,000-20,000 direct jobs in electronic components sector.
Bank of America faces graft charge on India stock deals (06-09-2024)
Bank of America has been hit by a whistleblower complaint that its officials in Asia had shared “non-public information” with investors “before the bank sold hundreds of millions of dollars of stock”, reports the Wall Street Journal.
SC agrees to list plea related to Byju’s insolvency (06-09-2024)
The Supreme Court on Friday agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm Byju’s and approving its Rs 158.9 crore dues settlement with the BCCI. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest.
Investors poorer by Rs 4.12 lakh cr in morning trade (06-09-2024)
Investors’ wealth plummeted by Rs 4.12 lakh crore during the morning trade on Friday as markets faced a massive correction tracking a weak trend in global peers and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tanked 896.7 points or 1.09 per cent to 81,304.46 during the morning trade.
Pricing weakness likely to weigh on steel cos’ stocks (06-09-2024)
Steel companies are witnessing margin pressures in Q2FY25 and this may persist until China sees growth recovery.
Planning A Trip To Dubai? Read This (06-09-2024)
The bulk of Indian carriers flying to Dubai are low-cost carriers, which include IndiGo, Air India Express, and SpiceJet.
Why There Is A Surge In Demat Accounts (06-09-2024)
The total number of demat accounts in the country stood at 171.1 million as of August 31.