Electronics Mart India is currently trading at Rs. 211.50, up by 1.50 points or 0.71% from its previous closing of Rs. 210.00 on the BSE. The scrip opened at Rs. 210.55 and has touched a high and low of Rs. 213.30 and Rs. 207.20 respectively. So far 94254 shares were traded on the counter. The … Read more
India's banking sector is on the cusp of rapid growth, with rising RoE (Return on Equity), robust asset quality, and key infrastructure financing opportunities in the coming decade, a report said on Monday. Smallcase manager Omniscience Capital's report said: "The housing finance market in India has registered a growth of about 25 per cent per … Read more
Bank credit grew by 15 per cent in August in India, maintaining steady levels compared to the same month last year (14.9 per cent) as agriculture and industry picked up, a report showed on Saturday. The non-food credit demand has also grown by 15 per cent in August with broadly similar growth last year, according … Read more
The real estate sector in India is the second-largest employer after the agriculture sector and the phenomenal growth with an 18.7 per cent compound annual growth rate (CAGR) makes the sector ripe to become the largest employment generating sector and a hub for young talent, industry leaders said on Saturday. The Indian real estate industry … Read more
Indian jeweller and watchmaker Titan Company reported on Friday that it estimates a 25% increase in second-quarter revenue, as a reduction in customs duty on gold imports helped improve domestic demand for some of its jewellery products. India slashed import duties on gold in July to 6% from 15%, a move that was viewed as … Read more
The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements. The broader market's focus will be on the RBI's Monetary Policy Committee (MPC), which is scheduled … Read more
Buoyed by policy continuity and strong domestic demand, especially in rural India, business optimism has soared among India Inc and the industry remains bullish on business sentiments in FY25, a survey showed on Sunday. The Confederation of Indian Industry (CII) Business Confidence Index rose to a two-quarter high of 68.2 in the second quarter of … Read more
Union Minister for Electronics and IT Ashwini Vaishnaw has said that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country. Minister Viashnaw referred to a recent roundtable in New York between Prime Minister Narendra Modi and top tech CEOs and … Read more
The RBI’s monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward, industry experts said on Sunday. After the US Fed rate cut, all eyes are on the RBI MPC meeting scheduled to be held on October 7-9 whether … Read more
The Reserve Bank of India (RBI) is likely to maintain the status quo in its Monetary Policy Committee (MPC) meeting, said industry experts on Monday, as the much-anticipated three-day meeting began, led by Governor Shaktikanta Das, amid geo-political uncertainties. The six-member committee began deliberations on interest rates and analysing the state of the economy amid … Read more