Stock markets snap two-day rally; Realty, healthcare stocks drag
The 30-share BSE benchmark dropped 329.92 points or 0.43 per cent to settle at 76,190.46. During the day, it slumped 428.63 points or 0.56 per cent to 76,091.75
AU Small Finance Bank Q3 profit surges 41pc to 528 cr
The total income of the bank increased to Rs 4,732 crore during the quarter under review against Rs 3,186 crore in the same period last year, AU Small Finance Bank said in a regulatory filing.
60.82% of equity MFs outperform respective benchmarks in December’24,finds study
The report highlighted that a total of 177 funds managed to outperform their benchmarks in the month ending December 31, 2024. Among the different categories, Flexi Cap Funds emerged as the top performers, with an impressive 79.49% of schemes exceeding their benchmarks. Following closely were Large Cap Funds and Multi Cap Funds, which saw 71.88% and 71.43% of their schemes outperforming the benchmarks respectively during the same period.
Fitch Ratings Warns of Challenges Ahead for Non-Bank Financial Institutions in India
After reaching a peak of 18% in loan growth in the financial year ending March 2024 (FY24), sector growth is showing signs of moderation. Credit growth for NBFIs, excluding housing finance companies, has slowed to 6.6% between March and September 2024. This deceleration is partly attributed to the country’s softer economic conditions, resulting in Fitch’s downward revision of its FY25 GDP growth forecast to 6.4% from a previous 7.0%. However, the agency does not anticipate a prolonged economic downturn, maintaining its FY26 GDP growth estimate at 6.5%.
Build Capital to invest Rs 150 Crore in Navi Mumbai’s real estate market in 2025
Since its inception in April 2024, Build Capital has completed transactions totaling ₹100 crore, investing primarily in Slum Rehabilitation Authority (SRA) projects and society redevelopment initiatives. The recent investment allows Build Capital to venture into the CIDCO plot development segment, further diversifying its portfolio.
Uday Kotak Advocates for Business-Friendly Policies in the Trump Era to Boost India’s Competitiveness
Kotak underscored the significance of creating a business-friendly atmosphere that allows Indian companies to thrive domestically and compete on a global scale. He pointed out that excessive regulatory hurdles can hinder the entrepreneurial spirit and innovation crucial for driving economic growth.
UPA vs NDA: A comparative analysis of economic and social indicators
New Delhi, January 23, 2025: A comprehensive data analysis of India’s key performance indicators (KPIs) over the past decade reveals
Kotak Mahindra Bank Completes Acquisition of Standard Chartered India’s Personal Loan Portfolio for Rs 3,330 Crore
In a stock exchange filing, Kotak Mahindra Bank confirmed the acquisition, stating, “After receiving the necessary regulatory approvals and fulfilling the relevant conditions precedent, the Bank has, today, i.e., on January 23, 2025, completed the aforesaid acquisition.”
RBI to Conduct Overnight Variable Rate Repo Auction on January 23, 2025
The RBI has notified an auction amount of ₹50,000 crore with a tenor of 1 day. The auction window will open from 11:30 AM to 12:00 Noon on January 23, and the reversal of the transaction will take place on January 24, 2025, Friday.
Infra Market Secures ₹1,050 Crore in Pre-IPO Funding, Valued at ₹24,000 Crore
The company has reportedly partnered with leading investment banks, including Kotak Mahindra Capital, Goldman Sachs, Jefferies, and HSBC Securities, to manage its public offering.