CAPITAL REQUIREMENT
FSSAI ready to shake up protein powder space
The Food Safety and Standards Authority of India (FSSAI) is set to release tighter regulations on protein supplements, after it conducted a study which revealed that dozens of protein powders and supplements were being sold at store shelves, gymnasiums and e-commerce platforms with false and misleading claims, said one of the persons.
Banks well capitalised to handle macro shocks
"Under the baseline scenario, the aggregate CRAR (capital to risk weighted asset ratio) of 46 major banks is projected to slip from 16.7% in March 2024 to 16.1% by March 2025," the RBI said in its June 2024 Financial Stability Report.
India will require an additional data centre capacity of 1.7-3.6 Gigawatt: Report
India is poised to become a global data center hub due to its low construction, land, and power costs. With a robust IT ecosystem, the country’s data center capacity is projected to reach 3.29 GW by 2028. However, an additional 1.7–3.6 GW will be required to meet rising demand.
Zap our human capital to shape
India needs to make sure that no one is left behind as it quickens its growth trajectory. Social and economic advancement will be essential for this. Every child in India has to have access to the education they need and be given the opportunity to pursue their dreams of becoming successful adults.
Up to 84,000% returns! 15 multibaggers that turned Rs 1 lakh into at least Rs 50 lakh in 3 years
15 companies show over 5,000% growth, turning Rs 1 lakh into Rs 50 lakh in 3 years. Diamond Power Infrastructure and Dhruva Capital Services lead with up to 84,000% returns. Expert advice urges caution and sector-specific focus for investors eyeing multibagger stocks.
Nvidia rises 2.5% to hit another record, solidifies position as world's most valuable company
Nvidia cemented its status as the world's most valuable company after the semiconductor bellwether's shares gained 2.5% to hit another record on Thursday, as partners Dell and Super Micro Computer received server orders for Elon Musk's AI startup.
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S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.
Cleaning up Delhi's air requires uncomfortable decisions involving rich people: Sunita Narain
Cleaning Delhi’s air demands tough decisions, not just targeting farmers for stubble burning but addressing major urban sources like transport and industry, says environmentalist Sunita Narain. In a PTI interaction, Narain highlighted that despite governmental measures, erratic weather and insufficient action continue to worsen pollution. She urges aggressive steps, including bringing natural gas under GST to reduce reliance on coal and expanding public transport, essential for significant improvement in air quality.
Balancing Act: With greater capex comes lower dividend
The dividend payout ratio is the proportion of a company's earnings paid to shareholders as dividends. This payout tends to be lower in times when companies spend more on expansion. Companies with a high cash flow in mature industries tend to have higher dividend payout ratios.
Documents required for ITR filing: 10 documents you need to file income tax return
Documents required for ITR filing: An individual should collect all the required documents such as Form 16, bank account statements, capital gains statement, depending on the incomes they have to make the ITR filing process easier. Here is the list of 10 documents that a taxpayer might need to file their income tax return this year.
Fresh tailwinds of export markets: 5 stocks from engineering sector, 4 with upside potential of up to 30%
They say that tough times bring the best out of some. In case of India Inc, there are many examples where the economic slowdown post 2008 global financial crisis, made companies deal with all kinds of troubles and after various permutations and combinations they were able to find solutions, first to survive and then grow. In the case of engineering companies where the role overlapped to some extent with capital goods, it was the export market which turned out to be the solution. Because it is not easy to venture into the export market as there are large global players who ensure that it is not easy to get into their turf. For some companies it was a long drawn process which is now delivering results and leading to a situation where the return on capital and effort employed is much better today.
Yield on SP Co's ₹14,300cr NCDs Surges
Goswami Infratech's NCDs yield surged to 22% due to SP Group's debt raise, linked to SIPL's interest rate, triggering early redemption event, approved for extension until Sept 2024.
Yield on Goswami Infratech’s Rs. 14,300 Cr NCDs rises from 18.75% to 22%
Goswami Infratech issued rupee-denominated zero-coupon NCDs to investors like Deutsche Bank, backed by group-level monetisation events for debt reduction.
Sebi's rumour verification rule and its implications
A new Sebi rule requires top listed companies to confirm, deny, or clarify market rumours reported in mainstream media, focusing on material impacts on share prices.
Indian stocks, bonds and rupee set to gain as polls show landslide BJP win
While the final results might differ from the exit polls, the strength of the projected victory is expected to benefit risk assets. Should the June 4 results align with the exit polls, analysts expect the NSE Nifty 50 Index to reach a new record
Rooftop solar installations fall 26% to 367 MW in January-March: Report
India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said.
Capital needs to remain high for Indian corporates: Moody's
Moody's Ratings reported on Thursday that Indian corporates face high capital requirements for capacity expansion and growth spending. 16 out of 23 rated companies are estimated to need USD 70-100 billion annually over the next two years. While domestic liquidity can cover some needs, offshore funding remains crucial. Strong consumption growth, infrastructure spending, and government targets will continue to drive corporate capital needs.
Bank credit growth rate expected to moderate: Crisil
The central bank increased the risk capital requirements for unsecured loans to NBFCs to 125% in November last year from 100% prompting banks to realign their strategies and strengthen their underwriting process.
Sebi allows privately placed InvITs to issue subordinate units
Capital markets regulator Sebi on Tuesday notified a framework for issuance of subordinate units by privately placed infrastructure investment trusts (InvITs).
NRI Investing Guide: Are you legally allowed to buy agricultural land in India?
NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.
Sebi moots relaxation in valuation norms for alternative investment fund
Capital markets regulator Sebi on Thursday proposed providing relaxation on the framework pertaining to valuation of investment portfolio of alternative investment fund (AIF).
CEA Anantha Nageswaran bats for fresh round of capital market reforms
The CEA pushed for macro and financial stability, stressing that "sometimes it may be necessary to forgo rapid growth opportunities in favour of stability". This will ensure that the country remains on the high growth orbit for a longer period, he indicated. He pointed at the massive spurt in credit in the early part of this century and the subsequent spike in bad loans in the banking assets, which weighed down growth in the second decade of this century.
HOAC Foods IPO opens today: Check issue size, price band, GMP and other details
HOAC Foods IPO: The IPO opened today and will conclude on May 21. HOAC Foods plans to raise approximately Rs 5.5 crore through the SME IPO. The company intends to list its shares on the NSE SME platform. HOAC Foods specializes in the production of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil.
Rulka Electricals IPO to open on May 16. Check price band and other details
Rulka Electricals IPO will open on May 16 with a price band of Rs 223 - Rs. 235 per share, aiming to raise approximately Rs. 26.4 crore.
FIIs withdraw Rs 46,000 crore from financial stocks in 2024. Is RBI the deal-breaker?
After selling financials worth over Rs 30,000 crore in January and nearly Rs 10,000 crore in February, Foreign Institutional Investors (FIIs) turned into net buyers in the sector in March. However, they resumed selling in April, with last month's selling amounting to around Rs 9,300 crore.
PFC, REC shares fall up to 12%. CLSA says don't worry about impact of RBI norms
Shares of PSU financers PFC, REC, and IREDA tumbled up to 12% today as RBI raised provisioning requirements during the construction phase of projects from 0.4% to 5.0%. CLSA mentioned that while it doesn't anticipate an impact on the profit and loss account of PFC and REC, it could affect capital adequacy.
Aluminium industry requires additional capex of Rs 2.2 lakh cr to achieve net-zero emissions: Study
Net-zero aluminium could be 61 per cent more expensive, the study said, adding that decarbonising this industry would also lead to a yearly increase of Rs 26,049 crore in additional operating expenditure, as per the study. Although the country's per capita aluminium consumption is low at 2.5 kg (compared to the world average of 11 kg), the industry emitted nearly 77 million tonnes of CO2 in 2019-20, it said.
RBI sets eligibility rules for SFBs seeking universal banking licence
Both these lenders, along with Equitas, announced their intent to seek universal banking licence, which offers more regulatory flexibility in terms of doing business. Equitas is not immediately eligible to seek the licence as its net NPA ratio was higher than 1%. Eligible SFB will be required to furnish a detailed rationale as to why they want such a transition, RBI said.
UBS says 'seriously concerned' about new capital requirements talk
UBS executives express serious concerns over Swiss government's plan for tougher capital requirements, fearing the need for $15-25 billion in additional capital. Chairman Colm Kelleher stresses distributing excess capital to shareholders despite challenges, asserting UBS is well-capitalized and not "too big to fail."
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