[ad_1] CLSA has a ‘outperform’ recommendation on Reliance Industries with a target price of Rs 1,650 (+30%). Analysts believe post its underperformance in 2024, the stock has fallen to a conservative value. They see this as a great entry point to position for attractive gains as triggers play out later in 2025. HSBC Global Research…
[ad_1] MUMBAI: The microfinance industry shrank in Q2 FY25 as delinquency rates on their loans, where instalments are overdue by 30 to 180 days, jumped to 4.3 per cent in September 2024 from 2 per cent a year ago. Besides shrinking their portfolio, lenders brought down the number of borrowers with multiple loans – the…
[ad_1] NEW DELHI: Taxpayers and businesses are eagerly waiting for new reforms in the upcoming Union budget that will propel India’s economic trajectory. All eyes are on the key announcements and the government’s forward-looking economic guidance for PM Modi’s third tenure.EY India recently suggested that the budget 2025 should focus on increasing capex, reducing the…
[ad_1] NEW DELHI: Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers to bolster investor protection and ensure transparency. These guidelines came after the regulator notified the research analyst (RA) rules and investment adviser (IA) norms in December last year. The new norms encompass…
[ad_1] NEW DELHI: The securities and exchange board of India (SEBI) updated rules for credit rating agencies (CRAs) by introducing “working days” as the standard for compliance deadlines, replacing the previous use of “days.” The changes, announced in a circular on Tuesday, aim to standardise rating processes and publication protocols.These updates followed recommendations from a…
[ad_1] NEW DELHI: State-run explorer ONGC has decided to rope in BP as technical partner to boost oil and gas production from Mumbai High India’s crown jewel, which will become the UK major’s second operating project in India and mark the first notable MNC entry in the country’s upstream sector following reforms initiated by the…
[ad_1] Standard Glass Lining Technology IPO NEW DELHI: Standard Glass Lining Technology Ltd’s initial public offering (IPO) witnessed an extraordinary 182.57-times subscription on final bidding day on Wednesday. The Rs 410.05-crore IPO attracted bids for 3,80,27,59,991 shares against 2,08,29,567 shares offered, as per NSE data.The QIBs segment was oversubscribed by 331.60 time, whilst non-institutional investors’…
[ad_1] NEW DELHI: The Reserve Bank of India (RBI) has announced the immediate removal of restrictions on Asirvad Micro Finance and DMI Finance, which were imposed on 21 October last year. The restrictions barred the two entities from sanctioning and disbursing loans.After RBI’s sanctions, both companies initiated corrective measures and submitted compliance reports to the…
[ad_1] NEW DELHI: A day after committing $3 billion investments in India for AI and cloud, Microsoft CEO Satya Nadella on Wednesday said that it is imperative to ensure security, privacy, and trust in tech platforms and solutions as artificial intelligence plays an increasingly active role across govts and businesses as well as individuals.Speaking at…
[ad_1] HYDERABAD: The Indian National Science Academy (INSA) has conferred its prestigious India fellowship for 2025 upon Dr Krishna Ella, co-founder and executive chairman of Bharat Biotech, which developed India’s first indigenously developed Covid-19 Covaxin.The fellowship recognises Dr Ella for his outstanding contributions to the development of new vaccine technologies as well as improvements in…
