Elfin Agro India’s shares are set for their BSE SME debut on March 12, with the grey market suggesting a listing near its Rs 47 issue price. The Rs 25 crore IPO, which saw modest subscription, aims to bolster working capital. The agro-processing firm, known for wheat products and mustard oil, operates across eight states and two union territories.Read More
Indian insurers are reviewing marine cargo exposures in the Persian Gulf, Strait of Hormuz, and Red Sea due to escalating geopolitical tensions. ICICI Lombard is assessing shipments and introducing a 0.25% war-risk premium for Gulf-linked cargo, while existing policies remain in force. This reassessment aims to manage risks and ensure compliance with war-risk provisions.Read More
Economists believe India’s policy interest rate cuts are unlikely to continue due to West Asia crisis-driven inflation risks and the fading of a favorable base effect. Sustained foreign outflows and a weakening rupee could also force the Reserve Bank of India to reconsider further easing, potentially even a hike.Read More
India’s private credit market is expected to remain stable, unlike its global counterparts, due to a robust regulatory framework and a predominantly domestic investor base. Closed-ended funds, a common structure in India, mitigate asset-liability mismatches, a key concern in the US market. Restrictions on bank investments in AIFs further insulate the Indian ecosystem from systemic risks.Read More
Indian defense stocks have shown resilience amidst global market turmoil, outperforming the Nifty. Investors are betting on increased defense spending due to escalating geopolitical tensions in West Asia and a prickly neighborhood. Companies specializing in defensive systems and offensive platforms are attracting significant interest.Read More
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