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On January 6, hospital stocks gained as the Union Health Ministry reported three Human Metapneumovirus cases. The ministry reassured that HMPV is not new and is being monitored. This announcement boosted investor confidence in the healthcare sector amidst concerns about respiratory illnesses. Continue Reading »
Despite a healthy growth rate in advances and deposits, RBL Bank faces challenges with increasing credit costs and slippages. Credit cost that appeared to have bottomed out in Q1 has again risen in Q2 Continue Reading »
India has to unleash its animal spirits. But the private investment cycle has been slow—bulk of the heavy lifting, when it comes to investments, came from the government in recent years. What’s wrong? And what can be done? Financial services veteran Uday Kotak has some answers. Continue Reading »
Indian PSU banking stocks fell sharply on January 6 after disappointing December quarter updates, with all 12 Nifty PSU Bank index stocks in the red. Union Bank led the losses, dropping 8%, while the index itself saw a 4.30% decline, marking a 7-week low. Continue Reading »
Leo Dry Fruits and Spices IPO allotment is set for January 6. Investors can check their allotment status on Bigshare Services or BSE. The IPO was subscribed 181.77 times, with a grey market premium of ₹20, indicating a potential listing price of ₹72. Continue Reading »
Sensex is projected to hit reach 93,000 by December 2025, with an 18% upside potential, driven by strong earnings and macro stability, says Morgan Stanley. The bull case targets 105,000, contingent on low oil prices and reduced inflation. Continue Reading »
ITC Hotels will become an independent entity post-demerger on January 1, 2025, allowing shareholders to retain full ownership. The demerger ratio is 1:10, with shares expected to list within 60 days. Analysts view this as a strategic move to unlock shareholder value in the hospitality sector. Continue Reading »