Winters are here and it is also the season of various seasonal illnesses. According to a recent American Heart Association (AHA) hypertension session, people with hypertension are likely to see an increase in blood pressure during the winter months. Researchers maintain that on average, systolic blood pressure (the top number of a blood pressure reading) […]
Month: September 2023
Zerodha valued at Rs 30,000 cr, not Rs 1-2 trillion, says CEO Nithin KamathZerodha valued at Rs 30,000 cr, not Rs 1-2 trillion, says CEO Nithin Kamath
In a move that goes against the grain of most founders, Nithin Kamath, co-founder and CEO, Zerodha said on Thursday that a reasonable valuation of the online discount brokerage firm would be Rs 30,000 crore — much less than the speculated Rs 1-2 trillion being thrown around by netizens. Taking to X (formerly Twitter) Kamath […]
India-focused funds get $3.2-bn net inflows in June quarterIndia-focused funds get $3.2-bn net inflows in June quarter
India-focused offshore funds and ETFs (exchange-traded funds) recorded the fourth straight quarter of net inflows in the April-June 2023 period, according to the Morningstar Offshore Fund Spy report.Before the September 2022 quarter, these funds had seen 17 consecutive quarters of net outflows. An offshore India fund is one that is not domiciled in India but […]
Federal Bank seeks nominal fee on certain UPI transactionsFederal Bank seeks nominal fee on certain UPI transactions
Banks are investing heavily in technology to enable a seamless user experience on Unified Payments Interface (UPI) products, and the Centre must consider levying a nominal fee on certain UPI transactions so that lenders can have some direct income from these low-ticket transactions, Federal Bank executive director Shalini Warrier told FE. “We are grateful for […]
Banks’ share in micro loans falls further in Q1: ReportBanks’ share in micro loans falls further in Q1: Report
The market share of banks in the microfinance segment declined further to nearly 32% in April-June, from 38.4% a year ago, as non-bank lenders witnessed a sharp rise in disbursements, a report from Sa-Dhan said on Monday. The market share of banks in this segment stood at 34.1% in the March quarter. This data come […]
Nifty may rise to 20050 if index tops 19850; Indus Towers, Godfrey Phillips among top stocks to buyNifty may rise to 20050 if index tops 19850; Indus Towers, Godfrey Phillips among top stocks to buy
By Nagaraj Shetti After showing weakness in the last few sessions, Nifty shifted into an upside bounce with volatility on Wednesday and closed the day higher by 97 points. The market was not able to sustain above the hurdle of 19800 levels and moved into a consolidation in the mid to later part of the […]
Global Markets: Asian stocks inch away from 10-month low, rate jitters lingerGlobal Markets: Asian stocks inch away from 10-month low, rate jitters linger
Asian shares eased away from their lowest levels in 10 months but were on course to clock their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment, while the dollar held strong. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.59% higher but not far off the 10-month […]
Gensol Engineering secures contract worth Rs 138.72 crore for solar power project by SEMLGensol Engineering secures contract worth Rs 138.72 crore for solar power project by SEML
Gensol Engineering Limited on Wednesday announced that it has been awarded a contract for a 33 MW AC solar power project by Sarda Energy & Minerals Ltd (SEML), a steel production company and an exporter of ferro alloys. “The initiative will unfold for its captive use at SEML’s Kharora plant in Chhattisgarh, a region burgeoning […]
Wall Street Week Ahead-Investor hopes for US soft landing ride on inflation dataWall Street Week Ahead-Investor hopes for US soft landing ride on inflation data
U.S. stock investors are turning their focus to next week’s inflation data, which could determine the near-term path of an equity rally that has wobbled in recent weeks.Signs the U.S. economy is on track for a so-called soft landing, where the Federal Reserve is able to bring down inflation without badly damaging growth, have helped […]
Sensex breaks out of consolidation, time correction in benchmarks ongoing; Bank Nifty to reverse downtrendSensex breaks out of consolidation, time correction in benchmarks ongoing; Bank Nifty to reverse downtrend
By Anand James Sensex broke above an excruciatingly tight trading range that had prevailed since the fourth of July, succeeding in yet another record closing last Friday. Standard deviation studies set an upper range of 66,685, which is understandably modest given the fact that the recent range has been tight. However, the ratio of 50 […]