Commercial sector credit surged 14.7% year-on-year to over Rs 300 lakh crore by end-January, indicating increased loan demand following RBI’s 125-basis-point rate cuts. Banks have regained market share, with incremental credit growth rising 35% in the first 10 months of the fiscal year, driven by rate cuts and liquidity infusions.Read More
A broad selloff sent all three major U.S. stock indexes more than 1% lower by the closing bell, as risk appetite was dampened by a combination of persistent fears over potential disruption due to emergent artificial intelligence technology and Trump’s erratic statements on trade policy, which fueled much of the market volatility during the first...Read More
IDFC First Bank’s stock plummeted 16% after a ₹590 crore fraud was discovered at its Chandigarh branch. This incident has significantly dented its valuation multiple, shrinking its price-book ratio to 1.3. The bank faces potential pressure on its CASA deposits as the Haryana government de-empanelled it, raising concerns for other smaller lenders.Read More
Nifty extended its gains for a second consecutive session, closing at 25,711 on Monday. Analysts anticipate a range-bound market with a positive bias, driven by domestic sector-specific momentum amidst mixed global cues. India VIX saw a slight decrease, while the rupee strengthened against the US dollar.Read More
Markets saw a modest rise amidst volatility, gaining nearly half a percent on positive global sentiment. Several companies like IDFC First Bank, NBCC, Hindustan Zinc, Samvardhana Motherson, BPCL, Bharti Airtel, and Waaree Energies are in focus due to significant news developments, including new projects, investments, and operational updates.Read More
The Reserve Bank of India is closely monitoring a ₹590 crore fraud case linked to IDFC First Bank, with Governor Sanjay Malhotra stressing that it does not pose a systemic risk to the banking sector. The RBI is preparing updated projections for retail inflation and is actively managing liquidity in the financial system.Read More
Precious metals saw a major jump on Monday. Silver rose ₹15,000 per kg and gold gained ₹3,362 per 10 gm. This surge followed a weaker US dollar after the Supreme Court struck down President Trump’s tariffs. International markets also witnessed significant gains in gold and silver futures. Experts point to tariff turmoil and global economic...Read More
Indian equity benchmarks rose on Monday, with the Nifty and Sensex gaining 0.6% amid mixed investor sentiment. While optimism surrounded lower US tariffs, renewed negotiation uncertainty loomed. Foreign portfolio investors were net buyers, contributing to the market’s uptick, though the IT sector saw a decline.Read More
PNGS Reva Diamond Jewellery raised Rs 170.58 crore from anchor investors ahead of its IPO opening on February 24. Global institutions like Citigroup Global Markets Mauritius and Société Générale, along with domestic mutual funds, participated, providing early support for the Rs 380 crore IPO through the book-building route.Read More
Domino’s Pizza beat Wall Street estimates for fourth-quarter U.S. same-store sales on Monday, as value-driven promotions and new menu items fueled demand, sending the pizza chain’s shares up about 5% in early trading.Read More
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