Indian banks’ credit-to-deposit ratio hit an all-time high of 81.75% as of December 31, signaling pressure to attract deposits amid robust loan demand. This elevated ratio reflects challenges in deposit mobilization, with investors seeking higher returns elsewhere, and a lag in deposit growth compared to credit expansion.Read More
Moody’s Ratings has upgraded the outlook for three Adani Group companies to stable. Adani Ports, Adani Transmission Step-One, and Adani Electricity Mumbai now have a stable outlook. This reflects improved liquidity and strong financial profiles. The companies are expected to maintain sufficient liquidity for operations and debt obligations over the next 18 months.Read More
Sebi Chairman Tuhin Kanta Pandey emphasized the need for issuers to clearly disclose their capital structure, including past fundraising and control changes, before an IPO. He also called for greater business model clarity, transparent revenue/cost drivers, and independent verification of projections, citing concerns about due diligence and unlisted share valuations.Read More
Fitch’s top sovereign analyst warned that a significant erosion of the Federal Reserve’s independence would negatively impact the US credit rating. The primary concern is any indication that the dollar’s global reserve currency status could diminish, following an investigation into Fed Chair Jerome Powell.Read More
Indian drugmakers anticipate a mixed third quarter. Domestic sales and new specialty drugs will drive growth. US generics will see new product boosts. Contract services and APIs are set for moderate gains. Sun Pharma and Lupin are poised for leadership. Cipla and Dr Reddy’s face softer US sales. Divi’s Laboratories expects strong custom synthesis growth.Read More
BluPine Energy, backed by Actis, has secured a significant ₹5,400 crore loan from Axis Bank. This long-term financing will support its renewable energy portfolio. The loan is secured against operating solar and wind assets. BluPine Energy is developing substantial renewable capacity in India. Proceeds will refinance existing borrowings, strengthening its financial position.Read More
Road ahead Over the next two quarters, we will reduce it (GST impact) further and neutralise it. We are slightly ahead of plan, said Vibha Padalkar MD and CEO, HDFC Life InsuranceRead More
Investors are shifting focus from technology stocks to industrial, healthcare, and small-cap companies. This move signals a potential broadening of market leadership. Fourth-quarter earnings reports will be crucial in determining the sustainability of this trend. Experts believe conditions are favorable for this expansion, with AI benefits expected to reach various sectors.Read More
Goldman Sachs and Wells Fargo are issuing new high-grade bonds in the US market. Goldman Sachs is offering notes across six tranches with maturities from three to 21 years. Wells Fargo is marketing bonds in up to four parts, with tenors ranging from four to 21 years.Read More
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