Anticipated Profit Surge for Bajaj Finance In the upcoming July-September quarter, Bajaj Finance is poised to achieve an impressive 30% year-on-year increase in net profit, reaching a substantial figure of Rs 3,626 crore. This notable growth is attributed to its stable asset quality and a surge in loan activity. This prediction is consolidated from the…
At 12:40 PM, the Sensex and Nifty show marginal upward movements of 0.04% and 0.1%, respectively. The Nifty Midcap and Nifty Smallcap segments are performing even better with gains of 0.42% and 0.66%, indicating overall market optimism. Moderate Increase in Volatility The India VIX, a measure of market volatility, has witnessed a moderate uptick of…
In a significant economic development, India has witnessed a substantial drop in its trade deficit, reaching a 5-month low of $19.37 billion in the month of September. This remarkable achievement was announced by Commerce Secretary Sunil Barthwal on October 13, signifying a positive trend in the country’s economic landscape. Positive Indicators in September Exports Goods…
In the dynamic landscape of finance and investments, Bajaj Finance has taken a strategic step that’s creating ripples in the industry. This move involves raising a substantial sum of Rs 10,000 crore through a Qualified Institutional Placement (QIP) and a preferential issue. In this article, we delve deep into the intricacies of this financial maneuver,…
Jio Financial Services Ltd (JFSL), the separated non-banking financial services arm of Reliance Industries led by Mukesh Ambani, is poised to be removed from the Nifty 50 and other NSE indices on September 7. The Downturn in Jio Financial Services Share Price Early on Wednesday, Jio Financial Services experienced a dip of over 3% in…
In a significant development, the growth within the key infrastructure sector has surged to a remarkable 8% during the month of July in the year 2023. This expansion comes as a result of meticulous analysis and is substantiated by data provided by the Government. This surge signifies a substantial improvement compared to the same period…
In the realm of India’s corporate landscape, a compelling narrative of resurgence is poised to rewrite the script of mergers and acquisitions (M&A). As economic dynamics evolve and private equity players intensify their bets on the Indian market, a strong comeback for M&A activity seems inevitable. This article delves into the intricacies of this transformative…
In a significant stride towards sustainable urban mobility, JBM Auto is poised to actively participate in the pioneering PM-eBus Sewa scheme, a monumental endeavor set to revolutionize public transportation. With an allocated budget of Rs 57,613 crore, this visionary scheme aims to introduce 10,000 electric buses across 169 cities, leveraging the power of the public-private…
In the latest business move, Hulst BV, under the control of Baring Private Equity Asia, has unveiled plans to divest its complete 26.63% ownership in Coforge, the mid-sized IT firm. This strategic step is anticipated to be executed through a significant block deal, with industry insiders disclosing key details. Key Details of the Stake Sale…
In the upcoming week, several pivotal factors are poised to steer the financial landscape. Among these, the resounding emphasis in Fed Chair Powell’s speech on the conclusion of the ongoing rate hike phase and the probable timing of the rate cut cycle’s commencement are anticipated to capture significant attention. The week just gone by witnessed…
