Choice International said Korea’s NH Investment and Securities will invest ₹900 crore in the company’s broking and wealth management arm. The transaction will involve NH investing in Choice Equity Broking through Compulsorily Convertible Preference SharesRead More

Tata Consultancy Services reported flat dollar revenue and margin contraction in the June quarter. AI revenue shows growth but remains a small part of total earnings. The company paid significant dividends, impacting its ability to invest internally. Sustained order flow and stable attrition offer some long-term hope. TCS needs to balance investor returns with future...Read More

Unlisted bonds now form a larger part of corporate debt sales. Companies like Bajaj Finance and Vedanta prefer these deals for fewer disclosures. Market data shows unlisted debt accounted for forty percent of issuances in May. Several large unlisted borrowings are also planned for July. This trend reflects a strategic shift in corporate financing strategies.Read More

Irdai now seeks operating expense data, excluding commissions, from life insurers. This move aims to revamp the industry’s distribution framework and reduce policy costs. The regulator will discuss distribution reforms by the end of July. Private insurers’ commission expenses have nearly doubled since 2021-22. Irdai plans a phased approach for these significant distribution reforms.Read More

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and potential dollar loan rate hardening. Banks are facing challenges in finalizing fixed lending rates for non-resident Indians. Higher borrowing costs may necessitate increased leverage for attractive NRI deposit yields. The central bank’s assessment will...Read More

Electronic manufacturing services players’ shares rose Thursday after duty concessions were extended. This relief covers machinery for lithium-ion battery and display component manufacturing. The government’s move reinforces its commitment to the domestic electronics ecosystem. Shares of Syrma SGS Technology and Dixon Technologies are strong performers. This import duty concession should act as a tailwind for...Read More

Jewellery stocks surged significantly on Thursday, defying broader market weakness. Companies reported robust business updates for the April-June quarter, showcasing resilience. Senco Gold and Kalyan Jewellers posted strong revenue and same-store sales growth. Despite macroeconomic challenges, demand for organised players remained healthy. Investors are advised to focus on fundamentally strong, organised jewellery companies.Read More