Raghuram Krovvidy The financial services industry is undergoing a significant transformation driven by digital disruption. The widespread adoption of digital banking & insurance applications has revolutionized how customers engage with their financial services provider. Technological advancements, evolving customer expectations, and increased competition have necessitated a rapid digital transformation within the Banking, Financial Services, and Insurance […]
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Rupee rises 14 paise to settle at 82.58 against US dollarRupee rises 14 paise to settle at 82.58 against US dollar
The rupee appreciated by 14 paise to settle at 82.58 (provisional) against the US dollar on Thursday, marking its third straight day of gains on the back of softening crude oil prices and foreign funds inflows. The upward trend in the past three sessions led to a gain of 55 paise in the Indian currency, […]
Rating: buy | Indigo: Firmly positioned for investorsRating: buy | Indigo: Firmly positioned for investors
We expect Indigo’s near-term financial performance will be impacted by two ongoing P&W (Pratt & Whitney) issues from FY2024-26 and high crude oil prices with the latter primarily impacting the second quarter of FY2024. We cut our estimates by 10-16% largely on the back of these transient issues—P&W-powered aircraft are expected to phase out of […]
India gets green light to join JPMorgan bond index; rupee, bonds gainIndia gets green light to join JPMorgan bond index; rupee, bonds gain
JPMorgan will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world’s fifth-largest economy and helping it finance its current account and fiscal deficits. India’s local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked […]
What next for Nifty after making new all-time high above 19,400?What next for Nifty after making new all-time high above 19,400?
By Manish Jain Markets have been on a surge and quite unexpectedly so. Nifty is now at a new high, having crossed 19,400 and is up ~7% YTDCY23 and 22% in the last 12 months. As retail investors there are only two questions that come to mind – a) why is the bull rally happening, […]
Sebi probing ties between Adani Group and Gulf Asia fund, say sourcesSebi probing ties between Adani Group and Gulf Asia fund, say sources
India’s market regulator is investigating the relationship between the Adani Group and a fund incorporated in the British Virgin Islands to see if there has been a violation of share ownership rules, two sources with direct knowledge of the matter said. The fund is called Gulf Asia Trade & Investment, the sources said. It is […]
Is Meta boss Mark Zuckerberg constructing ‘doomsday bunker’? Here’s what latest buzz saysIs Meta boss Mark Zuckerberg constructing ‘doomsday bunker’? Here’s what latest buzz says
Mark Zuckerberg, CEO of Meta, and his wife, Priscilla Chan, who serves as the co-founder and co-CEO of the Chan Zuckerberg Initiative, are reportedly planning to construct a 5,000-square-foot underground shelter on their sprawling 1,400-acre ranch in Hawaii. According to a recent ‘Wired’ report, this subterranean refuge is designed to be self-sufficient, equipped with its […]
FPIs take out Rs 4,800 crore from equities in first fortnight of September; sell-off may continue for nowFPIs take out Rs 4,800 crore from equities in first fortnight of September; sell-off may continue for now
Foreign portfolio investors (FPIs) have pulled out close to Rs 4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in […]
JSW Investments divests 1.27 per cent stake in JSW Energy for Rs 717 croreJSW Investments divests 1.27 per cent stake in JSW Energy for Rs 717 crore
Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions.GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy. According […]
Unlocking the power of India’s demographic dividendUnlocking the power of India’s demographic dividend
By Rajnish Gupta India has surpassed China to become the world’s most populous country, according to the latest UN data. Debates around population growth and economic development have been a recurring topic among economists since the 19th century. Thomas Malthus held the view that a growing population would hurt living standards in the long run. […]