Eternal’s shares are drawing attention. The food delivery company reported a profit drop but saw significant revenue growth. Brokerage firms are optimistic, raising target prices. Expansion plans for quick commerce are underway. The company aims for breakeven in its quick commerce segment by FY26. Future growth is projected to be strong.Read More
Indian tax officials are scrutinizing DBS Bank’s 2019 Masala Bond investments. The Income Tax department seeks confirmation on beneficial ownership and interest received. This probe follows a period of tax exemption for Masala Bond interest. The investigation aims to ensure compliance with investment regulations and tax benefits. Details on bond issuance and RBI filings are...Read More
Fitch Ratings has upgraded IIFL Finance’s outlook to positive from stable, affirming its ‘B+’ senior secured debt rating. The agency anticipates improvements in the company’s credit profile over the next two years, including asset quality and funding diversity, following the lifting of RBI restrictions on gold loans.Read More
State Bank of India is poised to raise ₹7,500 crore through the sale of 10-year Tier II bonds, with pricing expected above a 7% coupon. This marks the first such bond issuance by India’s largest bank, featuring a base size of ₹5,000 crore and a potential ₹2,500 crore green shoe option.Read More
The rupee surged to a one-month high of 87.82 against the dollar on Thursday, buoyed by a weaker dollar index and positive sentiment from equity markets and India-US trade talks. This rally followed suspected heavy RBI intervention on Wednesday, which helped the rupee trade above the 88/$1 mark for a second consecutive day.Read More
Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.Read More
India’s food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.Read More
Indian equities surged on Thursday, with Nifty advancing 262 points, driven by expectations of a domestic earnings rebound and renewed foreign inflows. The broad-based rally was supported by strong Q2 results and improving sentiment, with analysts anticipating further upward movement as the earnings season progresses.Read More
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