India requires infrastructure investments of nearly Rs 770 lakh crore over the next 20 years. This requirement cannot be met through budgetary resources alone; private capital will need to play a larger role, says Rajkiran Rai, managing director and chief executive of National Bank for Financing Infrastructure and Development (NaBFID).Read More

More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.Read More

The Calcutta Stock Exchange plans a revival with new technology and government support. It will withdraw its voluntary exit application filed with Sebi last year. The exchange possesses sufficient capital for trading operations and has a net worth over ₹300 crore. This initiative aims to create new job opportunities and restore Kolkata’s financial hub status....Read More

Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned oil companies. These companies incurred substantial under-recoveries on fuel sales earlier this year. Current integrated margins are more than double historical averages, boosting annual earnings. Analysts suggest under-recoveries could be...Read More

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and the United Arab Emirates over the weekend. This cycle of attacks casts doubt on an interim U.S.-Iranian agreement. Market analysts suggest the current flare-up represents an escalation...Read More

Analysts maintain a positive outlook on Nifty, suggesting a buy-on-dips strategy for traders. They see Nifty potentially reaching 24,300 to 24,600 while staying above 23,800. Bank Nifty shows support at 57,400 and resistance around 58,706 to 59,250. Specific stock recommendations include BEML, Blue Star, Steelcast, Sobha, and Grasim Industries. Traders can also consider a Bull...Read More

Markets saw a strong rebound on Friday, driven by global cues and IT earnings. HCL Tech and ICICI Pru AMC will announce their first quarter results today. DMart reported an 11.3% rise in net profit, while Tata Motors launched a new edition. Dr Reddy’s faces supply issues, and IndiGo received a warning letter from DGCA.Read More

Indian equity markets are expected to sustain their gradual upmove. Supportive domestic fundamentals and improving global cues are driving this positive outlook. The market will likely react to reports of Hormuz closure by Iran. Foreign and domestic institutional investors showed net buying activity on Friday. The Indian rupee ended nearly flat but declined from the...Read More

Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South Korean chip stocks faced pressure,...Read More

The Indian rupee is projected for a slight recovery in coming months. Economists anticipate the rupee will rise just above 94 to the dollar. Subsequently, it is expected to weaken to below 95 by year-end. This outlook contrasts with earlier predictions of significant strengthening. Persistent dollar demand and global risks will likely limit gains.Read More