One of the key points emphasised by FM Sitharaman was the need to improve the Current and Savings Account (CASA) Ratio of RRBs. She highlighted that although the CD Ratio, Gross NPAs, and Provision Coverage Ratio (PCR) of RRBs in the Southern region were already better than the national average, enhancing CASA Ratio would bolster… Continue reading Finance Minister Sitharaman urges regional rural banks to boost digital banking
Author: Tony Mash
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Ashish Kacholia’s small-cap stock reports highest ever profit; company announces big capex plan!
Imagine a planet that’s even hotter than Mercury – that’s right, it’s Venus! Similarly, Venus Pipes & Tubes has emerged as the hottest contender in the solar system of stainless-steel pipes and tubes. Recently, this stellar company reported its quarterly numbers, and boy, are they impressive! Brace yourself for some jaw-dropping figures: the revenue from operations skyrocketed… Continue reading Ashish Kacholia’s small-cap stock reports highest ever profit; company announces big capex plan!
Apple shares fall: Nasdaq major is no more a 3 trillion dollar company
Apple Inc shares fell nearly 5% which pushed the tech giant’s market value below the $3 trillion threshold. Apple’s Friday decline was its worst so far in 2023 even after delivering better-than-expected quarterly results. Because it’s the biggest stock on Wall Street by market value, Apple’s movements pack an extra punch on the S&P 500… Continue reading Apple shares fall: Nasdaq major is no more a 3 trillion dollar company
US stock market: Wall Street closes near flat as Treasury yields surge
U.S. stocks closed little changed on Thursday after a choppy trading session, as investors weighed another rise in Treasury yields with the latest batch of economic data and earnings. The benchmark U.S. 10-year Treasury yield rose as high as 4.198% during the session, the highest since November, extending its climb from a day earlier following… Continue reading US stock market: Wall Street closes near flat as Treasury yields surge
These 3 stocks placed under F&O ban on NSE for August 4; check details
A total of three stocks have been put under the ban for trade on Friday, August 4, 2023, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according… Continue reading These 3 stocks placed under F&O ban on NSE for August 4; check details
Bain Capital offers 7.9 crore L&T Finance shares in block trade: Report
Bain Capital has offered 7.9 crore share in L&T Finance Holdings Ltd for block trade for which the floor price has been set at 128.1 per share, reported CNBC TV-18. The US-based investment firm seeks $123 million through the block deal. On August 2, shares of L&T Finance Holdings settled 2 per cent lower at… Continue reading Bain Capital offers 7.9 crore L&T Finance shares in block trade: Report
Maruti Suzuki Finance enables 1 million customers with loans worth Rs 64,000 crore through its finance partners
Since its inception in 2020, collaborating with its finance partners, MSSF has enabled hassle-free loans worth over Rs 64,000 crore to customers across NEXA and Arena channels. MSSF is a cutting-edge AI-driven, end-to-end digitised platform that facilitates and enables customers to avail car finance in a convenient and transparent way. Shashank Srivastava, Senior Executive Officer,… Continue reading Maruti Suzuki Finance enables 1 million customers with loans worth Rs 64,000 crore through its finance partners
2023 turns blockbuster year for Indian IPO mart! Can this euphoria last?
The Indian IPO market has gained momentum in 2023 so far tracking a rally in equity markets with stellar debuts on chart. Most of the issues have given double-digit returns, and have peaked up to a whopping 106% since the date of listing. While the market may seem euphoric, experts warn investors not to get swayed by… Continue reading 2023 turns blockbuster year for Indian IPO mart! Can this euphoria last?
Credit Agricole’s Q2 results beat estimates on insurance, consumer finance
Credit Agricole SA (CAGR.PA), France’s second-biggest listed bank, posted better-than-expected quarterly earnings on Friday, driven by a strong performance of its insurance and consumer finance divisions. The listed entity of Credit Agricole Group, controlled by 39 French mutual banks, also announced it had agreed to buy a majority stake in Belgian wealth manager Degroof Petercam for… Continue reading Credit Agricole’s Q2 results beat estimates on insurance, consumer finance
Paytm shares rise over 3% on strong July business update
One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. Number of merchants paying subscription for payment devices has reached 82 lakh as of July 2023, an increase of 3.8 lakh devices in the month. The company added… Continue reading Paytm shares rise over 3% on strong July business update