 |
|
|
|||||
Auto stocks drew heightened interest following the GST rate cuts, while banks and lenders saw sharp additions and exits, revealing fund managers divergent views on their near-term outlook.
Category:
News and Media
Axis Bank reported a 26% drop in September-quarter net profit to 5,090 crore, primarily due to a one-time 1,231 crore standard asset provision for discontinued crop loan variants. Despite this, net interest income rose 2% year-on-year to 13,745 crore, with the bank optimistic about GST cuts and retail loan growth.
Category:
News and Media
Singapore High Court approved WazirX's parent Zettai's restructuring plan, allowing the Indian crypto exchange to resume operations and begin asset redistribution. Following a creditor re-vote, WazirX expects to reopen by late October, prioritizing orderly withdrawals and enhanced security with third-party custodians like BitGo.
Category:
News and Media
RBI Governor Sanjay Malhotra indicated that an early resolution to tariffs would boost India's economic growth, though higher tariffs are not a major concern. He noted that while capacity utilization and investment sentiment are improving, uncertainties are delaying business and household expenditures. The central bank projects 6.8% growth for the fiscal year, factoring in current tariff levels.
Category:
News and Media
Schroders, a major asset manager, holds a cautious view on Indian equities. The firm is underweight due to slow growth and high valuations. However, Schroders sees significant long-term potential for India. Improved economic performance and supportive valuations would lead to a more constructive outlook on Indian equities. Domestic flows provide a market floor.
Category:
News and Media
Sites : [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] next »