Public sector banks (PSBs) in India have seen their gross non-performing assets (GNPA) ratio fall to a historic low of 3.1% as of September 2024. This improvement is attributed to the 4R strategy, recapitalization efforts, and reforms. PSBs' profitability has surged, with net profits reaching ₹1.4 lakh crore in FY24.
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ITC bought more shares of EIH, the parent company of Oberoi Hotels. ITC's stake in EIH is now 16.13%. ITC also increased its stake in HLV Ltd, owner of The Leela Mumbai, to 8.11%. This happened before ITC Hotels separated from the main ITC group on January 1, 2025. ITC purchased the shares from its subsidiary, Russell Credit Ltd.
Seven of India's top ten valued companies saw their market value grow by Rs 2,10,254.96 crore due to a positive stock market trend last week. Tata Consultancy Services and State Bank of India were among the biggest gainers. Some companies like HDFC Bank experienced declines. Key global factors and economic data will influence market direction in the coming weeks.
The National Highways Authority of India (NHAI) has pre-paid loans amounting to Rs 56,000 crore during the current fiscal year, resulting in an interest cost saving of around Rs 1,200 crore. The total debt of NHAI has reduced from Rs 3.35 lakh crore to approximately Rs 2.76 lakh crore.
On Tuesday, Unimech Aerospace and Manufacturing Ltd shares debuted on the stock exchange with a notable 90% premium above its Rs 785 issue price, listing at Rs 1,491 on the BSE and Rs 1,460 on the NSE. The company's IPO was significantly oversubscribed, achieving a market capitalisation of Rs 6,956.20 crore.
IndianOil chairman Arvinder Singh Sahney stated that recent US sanctions on Russian oil exports will not impact India's energy security. India diversifies its crude procurement from multiple sources such as the Gulf, Africa, and the Americas. Additionally, new suppliers like Brazil and Guyana are emerging, ensuring supply stability. IndianOil posted a 64% drop in net profit in the recent quarter.
Amidst ongoing trade tensions, financial jargon can be confusing. This guide clarifies terms like bear and bull markets, dead cat bounces, and capitulation, all reflecting investor sentiment. Economic downturns, signaled by recessions and shifts in treasury note yields, further complicate the landscape, influencing strategies like 'buying the dip'.
Exiting an investment is as important as entering one. Reviewing your portfolio periodically and making objective decisions can improve long-term returns. If you struggle with investment exits, consult a financial expert.
The rupee depreciated by 2.8% against the US dollar in 2024, marking its seventh consecutive year of decline. Contributing factors included RBI's forex intervention strategy, a strong US dollar, and capital outflows due to a shift in investor focus from India to China. Structural issues like inflation differentials and current account deficits also played a role.
The Confederation of Indian Industry (CII) recommends reducing excise duty on fuel and lowering personal income tax rates to boost consumption and tackle inflation. CII also suggests increasing benefits and unit costs under key government schemes like MGNREGS and PM-KISAN, and introducing consumption vouchers for low-income groups to stimulate demand.
Gold prices in New Delhi stayed steady at their record Rs 94,150 per 10 grams amid concerns over potential US reciprocal tariffs on nations with trade deficits, including India. Silver prices decreased to Rs 1,01,500 per kg. Global spot gold saw a marginal increase, while silver prices also rose slightly during Asian market hours.