Financials outperformed world over, but underperformed in India

New Delhi, May 26 (IANS): Despite quality names and an end to a multi-year painful credit cycle, financials have underperformed year-to-date (YTD) in India, possibly due to the uncertainty over economic normalisation due to the second wave of the Covid-19 pandemic. As per a note by foreign brokerage CLSA, financials outperformed country benchmarks in 14 of… Continue reading Financials outperformed world over, but underperformed in India

Merge RRBs with sponsor banks, AIBEA urges Finance Minister

Chennai, May 24 (IANS) The merger of Regional Rural Banks (RRB) with their sponsor banks would avoid business cannibalization and reduction in administrative overheads, the All India Bank Employees’ Association (AIBEA) said on Monday. In a letter to Union Finance Minister Nirmala Sitharaman, AIBEA General Secretary C.H. Venkatachalam said instead of further reforms in the… Continue reading Merge RRBs with sponsor banks, AIBEA urges Finance Minister

FMCG stocks significantly outperformed market over 20 years

New Delhi, May 22 (IANS): Consumer staple sector or FMCG stocks have significantly outperformed the market over the past 20 years. As per a research by Jefferies, over the last two decades, while Nifty has returned 11.4 per cent Cagr, the market-cap weighted performance for eight FMCG companies (HUL, ITC, Nestle, Britannia, Dabur, Marico, GCPL, Colgate)… Continue reading FMCG stocks significantly outperformed market over 20 years

Retail participation adds liquidity risks to Indian markets

By Sanjeev Sharma (IANS): Retail and non-institutional participation in Indian markets has increased meaningfully, adding liquidity risks in the event of a correction. “We think the increased retail participation adds beta/liquidity risks to the Indian markets. A change in sentiment/decline in the headline index can lead to a quick withdrawal of non-institutional volumes,” JP Morgan said… Continue reading Retail participation adds liquidity risks to Indian markets

India needs its own crypto unicorns: Experts

New Delhi, May 14 (IANS) Stressing that India needs smart and sensible crypto regulation, leading cryptocurrency players in the country on Friday urged the government against the ban and sought engagement to build consensus on crypto regulation. The government earlier indicated that it would take a ‘calibrated approach’ towards digital assets and formulating a Bill… Continue reading India needs its own crypto unicorns: Experts

India’s trade performance improves in April

New Delhi, May 14 (IANS) India’s export performance continued to improve in April, according to Commerce Ministry data. Merchandise exports rose by 195.72 per cent over April 2020 levels and 17.62 per cent over April 2019 levels, showed an official statement. It noted that the economic recovery is also visible in the rising import growth… Continue reading India’s trade performance improves in April

Now Google Pay users can send money to India, Singapore

New Delhi, May 11 (IANS): Google Pay users in the US will now be able to send money to users in India and Singapore, the company announced on Tuesday. “By the end of the year, we expect that US Google Pay users will be able to send money to people in more than 200 countries and… Continue reading Now Google Pay users can send money to India, Singapore

‘RBI liquidity window can augment healthcare infra’

Mumbai, May 7 (IANS): The Rs 50,000 crore liquidity window offered by the Reserve Bank of India (RBI) to banks under priority-sector lending to augment Covid-19 healthcare infrastructure will help raise treatment capacity, and availability of medicines and medical equipment, in India, Crisil said on Friday. Hospitals could be among the biggest beneficiaries as the incremental… Continue reading ‘RBI liquidity window can augment healthcare infra’

High frequency indicators showing mixed signals: RBI Guv

Mumbai, May 5 (IANS) As country battles the Covid crisis and states go for lockdowns, Governor of the Reserve Bank of India (RBI) Shaktikanta Das has said that high frequency indicators are showing mixed signals for the Indian economy. He said that aggregate demand conditions, particularly in contact-intensive services, are likely to see a temporary… Continue reading High frequency indicators showing mixed signals: RBI Guv

Zomato CEO says no DRHP with SEBI yet, as firm plans IPO

New Delhi, April 23 (IANS) Zomato CEO Deepinder Goyal on Friday refuted a report claiming the company is likely to file its Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (SEBI), as the food delivery platform plans an initial public offerings (IPO) this year that has left millions devastated in the… Continue reading Zomato CEO says no DRHP with SEBI yet, as firm plans IPO