If you’ve been keeping an eye on borrowing costs lately—especially personal loans—you’ve probably asked yourself: Are rates getting better? The short answer: yes, they’re heading south. But there’s more to the story than just a dip in percentages. Let’s break it down in plain terms—what’s behind the shift, how it impacts you, and how to … Read more
Benchmark stock indices Sensex and Nifty took a severe beating on Friday morning, in line with Asian peers, as attack on Iran’s nuclear facilities by Israel sent Brent crude oil soaring by 13 per cent, hurting investor sentiment. OMC stocks BPCL, HPCL and IOC fell up to 4 per cent. Markets across Japan, mainland China, … Read more
In a major boost to India’s real estate and infrastructure sector, Adani Cement and the Confederation of Real Estate Developers’ Associations of India (CREDAI) have announced an exclusive preferred partnership aimed at accelerating the adoption of sustainable, high-quality construction practices across the country. The agreement, signed during CREDAI’s Governing Council Meeting in Goa in the … Read more
Multibagger stock Wanbury has emerged as one of the most astonishing success stories on Dalal Street, transforming itself from an obscure penny stock into a headline-maker in five years. From trading at just ₹19 in June 2020, the stock has surged more than 1,475 percent to hover around ₹299.35 in recent sessions. This translates to … Read more
Gold, silver prices in your city, June 13: The yellow metal prices rose amid several geopolitical developments, including Israel’s attack on Iran, US President Donald Trump’s assertion that he would send tariff letters to trading partners, and interest rate cut hopes due to lower-than-expected US inflation data. Gold prices crossed the ₹1 lakh mark on Friday, … Read more
Leading NBFC Paisalo Digital Limited announced on Friday that it has successfully allocated Rs 30 crore worth of Commercial Papers (CPs) to the State Bank of India (SBI) through private placement. 600 listed CPs with a face value of Rs 5,00,000 each make up the allocation, which was authorized by the Board of Directors’ Operations … Read more
Pine Labs, a leading merchant payments and lending platform, is gearing up to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) by end of this month. The move comes as part of its plan for an initial public offering (IPO) later this year. The Noida-based company hopes … Read more
Mumbai: National Securities Depository Limited (NSDL) may launch its IPO in July this year. People familiar with the company’s plan said the issue is expected to be worth USD 400 million (approximately Rs 3,421.6 crore). NSDL is preparing to become the first depository to get listed in India. The company had filed for an IPO last … Read more
The Reserve Bank of India (RBI) recently cut the repo rate by 50 basis points (0.50%), reducing it from 6% to 5.50%. Banks are catching up. Following other major banks, Canara Bank’s Repo Linked Lending Rate (RLLR) has now reduced from 8.75% to 8.25%. The bank informed that the new rates will be effective from … Read more
India’s corporate sector recorded a major milestone in FY25, with profits hitting a 17-year high, according to a new report by Motilal Oswal. The profit-to-GDP ratio for Nifty-500 companies reached 4.7 per cent, while the overall listed universe reported an even higher figure of 5.1 per cent, the highest in 14 years. This surge came … Read more