GROWTH CAPITAL
Equitas Small Finance Bank clocks 35% deposits growth, bucks sectoral trend
Equitas Small Finance Bank, with a priority sector focus, achieved a 35.4% year-on-year deposit growth to Rs 37524 crore by the end of June, surpassing the sectoral average of 12%. Advances increased 17.8% to Rs 34872 crore, although the CASA ratio fell to 31% due to faster term deposits growth. Provisional figures submitted to stock exchanges confirmed these results.
Industry needs to boost capital investments to capitalise on growth opportunities: Anand Mahindra
Anand Mahindra, Chairman of Mahindra Group, emphasized the need for Indian companies to increase capital investment to leverage growth opportunities domestically and globally. In the company's annual report for 2023-24, Mahindra highlighted India's strengthened position in global supply chains post-COVID, urging private industry to seize this momentum. He stressed that private investment is crucial for driving economic growth, creating jobs, and stimulating demand.
Puravankara aims to secure 20 million square feet of land by the end of the fiscal year
Puravankara's strategic plans include reducing net debt, optimizing debt costs, and utilizing its extensive land bank for future expansion and growth, as announced by the Group CEO. The company is focused on enhancing revenue from key markets like Bangalore and exploring new funding sources through AIFs, aligning with its goal of sustained growth and development.
Tough to sustain GDP growth above 7.5%; time-wise correction in market likely: Neelkanth Mishra
As mutual funds are sitting with Rs 1 lakh crore of cash, whenever there is a 4-5% drop from the peak, there is a spate of buying. So equities as an asset class are not seeing sharp drawdowns and in the short term make it safer to invest in and attract more funds. That is the cycle we are in, says Neelkanth Mishra.
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
- Go To Page 1
India Ratings pegs bank credit growth at 15.4% for FY25
India Ratings has forecasted a 15.4% loan growth for banks in FY25. The rating agency believes a turnaround in private capital expenditure could alleviate any pressure on overall credit growth during the fiscal year.
Shachindra Nath on expectations from the upcoming Budget
With respect to the budget expectation, as we think, industry have represented a few policy changes. First is on SARFAESI, as HFCs have no limit on the SARFAESI limit, NBFC have Rs 20 lakh, so that has been requested that they should be allowed to have full coverage when it comes to secured loan.
Spotting Red Flags: Lawrence A. Cunningham's tips to safeguard your investment portfolio
Renowned financial author Lawrence A. Cunningham emphasises the importance of a quality-focused, long-term investment strategy for investors aiming to achieve success in the investment world. In the same breath, Cunningham acknowledges that following such a strategy is very challenging. It requires resisting the temptation to respond to short-term attractive opportunities and standing by decisions that may not appear correct at a particular moment. He believes these challenges can lead investors to make unacceptable mistakes, potentially resulting in a permanent loss of capital.
Rajesh Kothari on top three themes to bet on for solid returns
Next three years that gap is not going to be big. In fact, the private sector banks actually can do better than public sector banks in terms of the overall earnings growth because the bulk of that benefit of credit cost is already behind us.
Paris stock market no longer Europe's biggest, top French firms lost over 10%
France lost its spot as Europe's biggest equity market after President Macron's snap election announcement caused a $258 billion market cap loss.
Arthan Finance raises Rs 50 crore from Incofin, Dell Foundation
The Dell Foundation is a returning investor in the company. The fresh fund infusion will boost the company’s business expansion and technological progress, the company said.
FPIs stay bullish on growth stocks, cut defensive bets a bit
Foreign portfolio investors have been selling Indian shares ahead of the elections, focusing on growth stocks over defensive ones. Data from NSDL shows a decline in FMCG and IT sector weightage in FPIs' equity folio.
Consumer stocks have edge over capex-linked ones after shock poll verdict
Indian consumer-focussed companies are likely to shine, while capital spending-linked firms could suffer as the government shifts its policy focus to support lower-income segments, fund managers and analysts said on Wednesday, a day after a surprise result in the national elections.
Election stocks to buy: Pick from a buffet of 50+ counters from 5 brokerages
Investors are adjusting portfolios for potential structural reforms under Modi's third term. Sectors like infrastructure, financials, and consumer discretionary are in focus. Brokerages recommend stocks across sectors including SBI, ICICI Bank, L&T, and ONGC for potential gains post-election.
Reality behind the 8.2% FY24 GDP growth is not as robust
The 8.2% FY24 GDP growth reflects a modest deceleration from 3QFY24 at 8.6%. Real gross value added growth slowed considerably in 4QFY24 to 6.3% from 8.3% in 1QFY24.
Exit Polls: Stay put in equities as stage looks set for Mission India 2047
Global brokerage firm Bernstein has predicted that if BJP alone wins over 290 seats, a heavy focus on manufacturing will continue with money being diverted from subsidies towards more incentives for manufacturing firms.
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
Beyond public market: The growing appeal of alternatives in India
The asset management industry in India has witnessed substantial growth, particularly in alternatives like AIFs, InvITs, and REITs. Private market alternatives offer access to previously unavailable asset classes, but investors should carefully assess asset managers for rigorous evaluation processes and proven track records.
Markets optimistic but 'mistakenly euphoric', says Kotak Institutional Equities
Kotak Institutional Equities analyzes the Indian market's optimism and sector valuations, predicting market reactions to BJP and NDA outcomes with a focus on corrections in specific sectors and the stability of major indices.
Saudi Arabia may announce landmark Aramco share sale today: Report
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter said.
IDFC First Bank to raise Rs 3,200 cr via preferential issue to LIC, others
IDFC First Bank will allot around 39.68 crore shares to some of India's biggest institutional investors, including LIC, HDFC Life, ABSL Insurance, Bajaj Allianz Life, ICICI Lombard, and SBI General Insurance.
Mark Mobius turns bullish on Chinese stocks amid recent rally
Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.
Election uncertainty weighs on Awfis Space Solutions' debut: Should you hold or exit?
Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
Strong fundamentals behind stock market rally, focus on long term investment: Experts
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said. The benchmark Sensex on Monday scaled 76,000 level for the first time while the Nifty hit a new lifetime peak of 23,110.80.
EQT raises $1.6 bn mid-market growth fund; India to be one of the focus markets
Swedish investment group EQT has raised $1.6 billion for its latest fund - BPEA EQT Mid-Market Growth Partnership (MMG Fund), focusing on high-growth mid-market companies across Asia, led by Jean Salata, Chairman of EQT Asia.
India hits $5 trillion market: 4 reasons why foreign investors are now eyeing India, Arun Chulani decodes
India's $5 trillion market attracts global investors. Arun Chulani of First Water Capital discusses the country's economic growth, market performance, and potential for foreign investment, positioning India as a key player in global portfolios.
Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years
After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.
Load More
