Govt plans framework for fractional shares

Drawing upon experience in the US, the government is working on putting in place a framework for fractional shares. The plan is to democratise purchase of stocks in the country. Against the current regime where an investor has to buy at least one share of a company at the trading price, fractional shares allow an … Read more

Moody’s Outlook On Indian Banks Remains Stable As Recovering Economy Paints A Positive Picture Ahead

Expecting the banking sector’s financial fundamentals to improve ahead, Moody’s in its research note said, declines in loan-loss provisions and increases in net interest margins will boost banks’ profitability. Capitalization, funding, and liquidity will be stable and support loan growth. In Moody’s opinion, banks operating environment will be stable as the economy gradually recovers from … Read more

RBI trims FY23 growth forecast to 7.2% amid geopolitical uncertainties

The Reserve Bank on Friday slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war. However, the central bank asserted that it will use all available tools to defend the Indian economy. … Read more

MG eyes 2nd factory, Rs 5,000 crore raise

Hamstrung by lack of government approvals for its FDI plans, British carmaker MG Motors — a subsidiary of Chinese auto major SAIC — plans to raise up to Rs 5,000 crore through external commercial borrowings (ECBs) or private equity route as it looks to set up a second factory in India, while launching new cars, … Read more

Gautam Adani becomes the richest man in India, joins $100 billion rich club.

Adani Group’s Gautam Adani has joined the $100 billion club of richest entrepreneurs in the world. The chairman of the Ahmedabad-based multinational conglomerate has become India’s richest man, surpassing Mukesh Ambani who had held the top rank in India and Asia for quite a some time. Adani’s net worth accelerated on the back of the … Read more

Tesla Delivered Record-Breaking Vehicles in First Quarter of 2022

Tesla delivered a record-breaking 310,048 vehicles in Q1 — more than any previous quarter. Elon Musk said this quarter has been “exceptionally difficult” due to supply chain issues and COVID. A recent COVID-19 spike in China has forced Tesla’s new Shanghai factory to temporarily shut down. Something is loading. Tesla announced it delivered 310,048 vehicles … Read more

India Inc’s credit quality improved in 2nd half of FY22: Rating agencies

Corporate India’s credit quality showed a sharp improvement in the second half of FY22, but high input prices and withdrawal of pandemic-related relief measures can pose pressures in the new year, rating agencies said on Friday. Crisil Ratings, which rates a large number of financial sector entities, reported an improvement in the credit ratio — … Read more