Bank credit grew 5.93 per cent to Rs 107.05 lakh crore, while deposits rose 11.06 per cent to Rs 147.98 lakh crore in the fortnight ended January 29, RBI data showed. In the fortnight ended January 31, 2020, bank credit stood at Rs 101.05 lakh crore and deposits at Rs 133.24 lakh crore. In the … Read more
Howard Marks and Joel Greenblatt discussed bubbles, tech stocks, and investing tips. The value investors suggested some companies deserve their lofty valuations. Here are Marks and Greenblatt’s nine best quotes from the interview. Visit Business Insider’s homepage for more stories. Value investors Howard Marks and Joel Greenblatt discussed market bubbles, tech stocks, and the key … Read more
Retail inflation slowed to a 16-month low in January on the back of cooling of some food items, while industrial output growth clawed back into positive territory in December, bringing some cheer for an economy battling a record slump due to the impact of the deadly pandemic. Data released by the National Statistical Office (NSO) … Read more
Reddit day traders tried to beat Wall Street at its own game to prove that the system is rigged. Instead, brokerages locked them out and their holdings tanked, while some hedge funds still won big. Experts said Wall Street’s reaction showed just how stacked the deck is against small investors. Visit the Business section of … Read more
Dating-app company Bumble is going public on Thursday. The company’s S-1 filing highlights its top investor and some of the risk factors Bumble faces. We read through the 247-page filing to find four key takeaways. Visit the Business section of Insider for more stories. Bumble, one of the top online-dating companies, publicly filed its IPO … Read more
Tata Starbucks has launched an employee benefits programme that will give its staff in India a special financing support to purchase a two-wheeler vehicle for professional or personal use. The two-wheeler support programme is created based on a survey of employees that showed reliable transportation as one of the top areas of concern. In a … Read more
Punjab National Bank, the second-largest public sector lender, has received loan restructuring requests worth Rs 12,000 crore out of the 40,000 crore it had anticipated on account of stress due to the Covid-19 pandemic on businesses and individuals, the bank’s Managing Director Mallikarjuna Rao said. Out of the total restructuring requests, restructuring sought for corporate … Read more
Michael Burry of “The Big Short” laid the groundwork for the GameStop short squeeze. The Scion Asset Management boss purchased a stake in the video-game retailer in 2019. He also pushed for changes in three letters to GameStop’s bosses. “The Big Short” investor Michael Burry unknowingly lit the spark that ultimately led to the GameStop … Read more
Is there any logical explanation to this? I think there is – checkout if it makes sense.