Financials

CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil

Amid moderation in inflation, markets seem to have moved past fears of interest rate hikes and investors are now anticipating strong foreign inflows into domestic equities, analysts said

Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar

The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.

Australia has announced a parliamentary inquiry into long Covid, with the aim of developing a clear definition of the illness and gauging the scale of its impact on the country's 26 million people

Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018

"The government should definitely support the poor and needy but at the same time should prioritise health, education and infrastructure development," he said

Corporate sales and profitability increasing and gross NPA of banks is at 6-year low

This was done after FATF added UAE to the Grey List

In a Q&A, Sankar Chakraborti, who is also the group CEO at Acuite Ratings & Research, explains why ESG scores matter to investors

The company on Wednesday reported widening of consolidated net loss

The collections for SME loan pools and commercial vehicle loan pools also fell significantly by around 20 per cent from the peak achieved in March 2021: Icra

The company attributed the slip in profit to the Covid-19 pandemic and the decline of merchant power sales

Accenture reported revenue of $13.3 billion, up 21 per cent YoY, and 9.9 per cent sequentially

The financial creditors of the debt-ridden Videocon Industries will get 8 per cent equity in the entity created by the merger of 11 group companies with the firm as per the resolution plan

The Nifty Financial Services index is up 8.1 per cent on a year-to-date basis. In comparison, the Nifty50 index has gained 9.7 per cent

There are opportunities for contrarian investing in commodity producers, corporate banks, select mid corporates and small enterprises

Sector now has 34.8% of FPI assets, up from 33.8% in Jan; flows drove banking index to all-time high

Finance Minster made various announcements including increase in FDI limit in the insurance sector, recapitalisation and privatisation of select PSU banks

The formal and informal fintechs will pose a significant challenge to the mainstream banking sector over the next few years