CreditAccess Grameen’s stock has declined due to concerns over higher credit costs stemming from delayed improvement in its portfolio at risk. Despite accelerated write-offs in H1 FY26, the company is focusing on customer accretion and enhancing borrower quality. Analysts anticipate improved return ratios in the latter half of the fiscal year.Read More
The National Asset Reconstruction Company has taken over the debt of Entertainment City. Punjab National Bank accepted NARCL’s ₹711-crore offer. This ends a year-long effort by lenders to find a better deal. Entertainment City has outstanding debt of around ₹1,000 crore. NARCL’s bid ensures lenders recover their principal amount.Read More
Foreign investors divested shares worth ₹1.02 lakh crore in September quarter, with financial services firms, particularly NBFCs, experiencing significant stake reductions by foreign fund managers. Despite the selling pressure, some companies like Sona BLW Precision Forgings, Five-Star Business Finance, and Tata Communications saw their share prices rise. This occurred as Nifty and Nifty 500 indices...Read More
GQG Partners significantly boosted its stake in five Adani Group companies, including Adani Energy Solutions and Adani Enterprises, through substantial block deals totaling over ₹4,500 crore. The investment firm also expanded its portfolio with new positions in GMR Airports and other major Indian corporations like Bharti Airtel and State Bank of India.Read More
Indian stock indices ended lower on Tuesday, breaking a six-day rally amid global market weakness. The Nifty closed down 103.4 points at 25,910.05, while the Sensex declined 277.93 points to 84,673.02. Despite the broader market dip, the Bank Nifty reached a new record high, signaling potential leadership for banking stocks in future index gains.Read More
India aims for insurance for all by 2047. Irdai member Swaminathan S Iyer stated product complexity is a barrier. He urged simpler, off-the-shelf insurance products. Focus must shift to rural markets. Currently, 85 percent of business comes from urban areas. Reaching everyone requires expanding beyond cities. This will ensure financial security for citizens.Read More
The government plans to boost retirement savings. It will address pension rule gaps affecting both organised and unorganised workers. Currently, those earning over ₹15,000 monthly are not automatically enrolled in pension schemes. This leaves many without a secure future in old age. The government aims to fill this gap and ensure financial security for all.Read More
Foreign portfolio investors have offered positive feedback on Bloomberg Aggregate Index services, boosting the likelihood of Indian debt being included in the global index. Participants cited ease of trading, India’s sovereign rating, and competitive bond returns as key factors. This follows India’s inclusion in the emerging market local currency bond index earlier this year.Read More
The Enforcement Directorate is investigating over 50 individuals and firms for alleged money laundering through penny stock price rigging. Notices have been issued under the PMLA, requiring disclosure of financial information and associations with manipulated companies. This probe follows a raid on a tech firm, uncovering a syndicate involved in elaborate stock manipulation schemes.Read More
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