Search results for ' Financial Services'.
Investors, Wait And Watch
Rediff.com19 Oct 2024'Invest only in stocks of those companies that deliver on earnings and there is earnings visibility too for the next few quarters.'
Markets bounce back; Sensex climbs 218 points
Rediff.com18 Oct 2024ICICI Bank, Tata Motors, Tata Steel, NTPC, JSW Steel, State Bank of India and Adani Ports were the other big gainers. Asian Paints, Nestle, Tech Mahindra, HCL Technologies, Hindustan Unilever, Infosys and ITC were the other big laggards.
RBI bars Navi Finserv, 3 other NBFCs from extending loans
Rediff.com18 Oct 2024The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.
Paytm appears poised for rebound
Rediff.com18 Oct 2024While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license. UPI consumer data indicates stable market share, and expansion in partner networks in financial distribution. All this implies Paytm could be set to meet guidance of turning Adjusted Ebitda breakeven by Q4FY25 (ex of UPI-incentives).
Is This Right Time To Buy A Home?
Rediff.com18 Oct 2024For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
Infosys Q2 net profit rises 4.7%; lifts FY25 revenue guidance
Rediff.com17 Oct 2024Infosys Ltd on Thursday reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth. Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.
Tips To Buy Term Insurance Policies
Rediff.com17 Oct 2024Self-employed individuals often face hurdles in buying term insurance due to financial documentation that doesn't fully reflect their earnings. This complicates underwriting.
Did You Know About Tatas' China Link?
Rediff.com17 Oct 2024The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
Sensex down 319 points amid foreign fund outflows
Rediff.com16 Oct 2024From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards. HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints and State Bank of India were the gainers.
How To Make Best Use Of Festive Offers
Rediff.com16 Oct 2024While festive offers can reduce costs, borrowers should also consider the lender's transparency and service quality. Customers need to be mindful of their repayment capacity.
Adityanath meets UP violence victim's kin; 50 held, internet suspended
Rediff.com15 Oct 2024Over 50 people have been arrested after the communal violence in Maharajgaj town, officials said on Tuesday, as markets remained shut and people stayed indoors for a second day in a row amid heavy deployment of police and other security personnel.
India Inc earnings, revenue growth in Q2 may stay muted
Rediff.com15 Oct 2024Brokerages expect slower growth in industry's volumes and revenue in July-September 2024 (Q2FY25). But they anticipate a pickup in profit growth, driven by low costs of raw materials and reduced operating expenses, along with higher margins. According to their estimates, the combined net profits of Nifty 50 companies are expected to grow 8.7 per cent year-on-year (Y-o-Y) in the quarter, an improvement from a 1 per cent Y-o-Y decline in Q1FY25, but low in comparison to 29.7 per cent in Q2FY24.
Sensex, Nifty close lower on selling in Reliance, spike in retail inflation
Rediff.com15 Oct 2024From the 30 Sensex firms, Bajaj Finance, Reliance Industries, Tata Steel, JSW Steel, Tech Mahindra, Tata Motors, Kotak Mahindra Bank and Maruti were the biggest laggards. Reliance Industries Ltd, India's most valuable company, on Monday reported a 5 per cent fall in the July-September quarter net profit as weak oil refining and petrochemical business hurt operational performance. ICICI Bank, Bharti Airtel, Asian Paints, Adani Ports, UltraTech Cement and HCL Technologies were among the gainers.
SC notice to Centre, EC on fresh plea against freebies
Rediff.com15 Oct 2024The petition filed by advocate Srinivasan has also sought a direction to poll panel to take effective steps to restrain political parties from making promises of freebies during the pre-election period.
Do We Need Atmashakti At Work?
Rediff.com15 Oct 2024'Alongside economic growth and the Asian century, stress has become an Asian caravan.' 'But stress doesn't arrive in one's country as invitation to taste exhaustion. It comes dressed as a challenge.' 'Its evangelists ask: Are you man enough to shoulder stress?' points out Shyam G Menon.
'Your EPF Withdrawal Is Tax-Free, If...'
Rediff.com15 Oct 2024Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
RIL's Q2 net falls 5% on weak O2C business
Rediff.com14 Oct 2024Reliance Industries Ltd on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.
Sensex rises 592 pts, Nifty closes above 25K on buying in IT, banking shares
Rediff.com14 Oct 2024From the Sensex pack, Tech Mahindra, HDFC Bank, Larsen & Toubro, ITC, Infosys, IndusInd Bank, Kotak Mahindra Bank, Titan and HCL Technologies were among the gainers. Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards.
Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity
Rediff.com14 Oct 2024The Securities and Exchange Board of India (Sebi) has intervened in the matter concerning alleged irregularities by Trafiksol ITS Technologies, which had come out with a Rs 45 crore initial public offering (IPO) last month. In an ex-parte order, the market regulator has said it will undertake a detailed examination into the disclosures made by the small and medium enterprise (SME) company in its draft offer document. BSE had halted the listing of Trafiksol, a software provider for traffic systems, amid complaints around use of the issue proceeds and wrongful disclosures.
India-focused funds log first weekly redemption in 19 mths
Rediff.com14 Oct 2024India's stock markets are experiencing a shift in investor sentiment, with a 30 per cent surge in Chinese stocks, prompting investors to move money from domestic markets to China. This reversal of fortunes is a notable change from the past three years, where China's losses benefited India.
High Time India Resists Real Estate Mania
Rediff.com14 Oct 2024Once we break free of the idea that land is scarce, real estate is just a pile of bricks, steel, and glass. Any price surge will kick off a supply response, which kills off the possibility of sustained price appreciation, points out Ajay Shah.
155,000 Apply For 91,000 Internships
Rediff.com14 Oct 2024A shortlist using artificial intelligence would be prepared to identify eligible candidates and match them to the suitable internship opportunity. The shortlist would be shared with the companies on Tuesday, October 15.
How the markets will fare this week
Rediff.com13 Oct 2024Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.
FPIs take out Rs 58,711 cr from equities so far in Oct
Rediff.com13 Oct 2024Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May.
'Preparing to enter affordable housing loans space'
Rediff.com13 Oct 2024'Focus will be on smaller loan amounts to meet the needs of affordable homebuyers.'
'Noel Tata Should Be Inducted Into Tata Sons Soon'
Rediff.com12 Oct 2024'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Internship Portal To Open Sat Evening!
Rediff.com12 Oct 2024Internship opportunities have been posted by 193 companies, including Jubilant Foodworks, Maruti, Eicher Motor, L&T, Muthoot Finance and Reliance.
Sensex falls 230 points as investors turned cautious
Rediff.com11 Oct 2024From the Sensex pack, Tata Consultancy Services, Mahindra & Mahindra, ICICI Bank, Maruti Suzuki India, Power Grid, Axis Bank and Adani Ports & Special Economic Zones were among the laggards. On the other hand, HCL Technologies, Tech Mahindra, JSW Steel, Hindustan Unilever, Infosys and Titan were among the gainers.
RBI's inflation caution may halt FMCG rally
Rediff.com11 Oct 2024The Reserve Bank of India's (RBI's) caution on inflation, highlighted during the recent monetary policy meeting, may put investors' faith in fast moving consumer goods (FMCG) stocks to test, analysts said. They, however, believe FMCG stocks may ride through this near-term investor anxiety as related companies are, typically, well-equipped to handle inflation due to their pricing power and steady demand for essential goods.
IT firms may remain on recovery path in Q2
Rediff.com11 Oct 2024Management commentary on demand environment, and forward guidance will be in focus when Indian IT services players declare their September quarter results for financial year 2024-25 (Q2FY25). The industry is exepected to have continued on the path of recovery in Q2, similar to the preceding quarter, rather than sprint towards growth. The top four firms likely grew between 0 per cent and 4 per cent year-on-year (Y-o-Y), according to consensus estimates.
China's Market Surge: Should You Invest?
Rediff.com11 Oct 2024Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
TCS Q2 net profit up 4.99% to Rs 11,909 cr
Rediff.com10 Oct 2024India's largest IT services firm TCS on Thursday reported a 4.99 per cent increase in its September quarter net profit at Rs 11,909 crore. The Tata Group company had reported a net profit of Rs 11,342 crore in the year-ago period, while in the preceding quarter, it had a post tax net of Rs 12,040 crore, a company filing said.
Sensex, Nifty rise on buying in banking stocks
Rediff.com10 Oct 2024Equity benchmark indices Sensex and Nifty settled higher on Thursday, powered by a rally in banking and power stocks amid a largely firm trend in global markets. The stock markets mostly traded range-bound in the absence of any major trigger and persistent foreign capital outflows, traders said. The 30-share BSE Sensex rose 144.31 points, or 0.18 per cent, to settle at 81,611.41.
Tata Group stocks rise up to 10%
Rediff.com10 Oct 2024Shares of Tata Group companies on Thursday rose up to 10 per cent, with Tata Chemicals and Tata Teleservices among the major gainers. Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming the group into a global conglomerate, passed away late on Wednesday. He was 86. "Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer and Indian Hotels.
'We Have An Indian Tiger That Needs To Be Uncaged'
Rediff.com10 Oct 2024'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Hyundai Gears Up For Rs 27,856 Crore IPO
Rediff.com10 Oct 2024India's second-largest passenger vehicles firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960.
'Legends Never Die': A tribute to Ratan Tata
Rediff.com10 Oct 2024Industry leaders including Google's India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. "He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better," Pichai said in a post on X. Pichai recalled that his last meeting with Tata was at Google's office where they spoke about the progress of self-driving car Waymo.
Did RSS emissary visit fasting Wangchuk on the sly?
Rediff.com9 Oct 2024Wangchuk, who has been camping at Ladakh Bhawan in the national capital, is yet to be approached by a central government representative, a group member said.
Chhattisgarh man sent to Laos for 'cyber slavery', 3 held
Rediff.com9 Oct 2024Police have arrested three persons from Mumbai, including a woman, for allegedly trafficking a man from Chhattisgarh's Durg district for 'cyber slavery' in Laos in southeast Asia and cheating him of Rs 2 lakh, an official said on Wednesday.
Sensex ends 168 points down on late selling in index majors
Rediff.com9 Oct 2024Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy review. Erasing its early gains, the 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. During the day, it surged 684.4 points or 0.83 per cent to hit an intra-day high of 82,319.21.