SC refuses to entertain PIL for inauguration of new Parliament building by President May 26th, 2023 13:27
A bench of justices JK Maheshwari and PS Narasimha told petitioner in-person advocate Jaya Sukin that the court understands why and how this petition was filed and it is not inclined to entertain this petition under Article 32 of the Constitution.

RBI may cut rates towards fiscal end: Kotak Bank treasury chief May 26th, 2023 13:27
"Inflation has come down, but core is not coming down that much. Some of it is base effect which they already knew, and they did not hike at the same pace compared to Fed," said Rajeev Mohan, president, treasury and global markets.

Why does Congress #39;hate#39; Indian culture so much: Amit Shah on Sengol controversy May 26th, 2023 13:27
Amid the war of words between the ruling and opposition parties over the inauguration of the new Parliament building, Shah said the Congress needs to "reflect" on its behaviour as he denounced the party#39;s claim that there was no evidence of the Sengol being a symbol of transfer of power by the British to India in 1947.

Why an SVB-type crisis is unlikely in India May 26th, 2023 13:27
Traditional banking, the play of forbearance, funding and cash flow characteristics, all combine to make Indian banks less vulnerable than their US counterparts

India#39;s exports to Germany may get adversely impacted due to recession: Exporters May 26th, 2023 13:27
Data released by the Federal Statistical Office on Thursday shows that Germany#39;s gross domestic product (GDP) declined by 0.3 per cent from January to March. This follows a drop of 0.5 per cent in Europe#39;s biggest economy during the last quarter of 2022.

India#39;s January-March GDP growth seen rising to 5.1%: economists#39; poll May 26th, 2023 13:27
The statistics ministry will release GDP data for January-March and the first provisional estimate for 2022-23 GDP at 5:30pm on May 31

Yubi acquires Bengaluru-based credit analytics firm FinFort May 26th, 2023 13:27
This is the third acquisition for the Chennai-based unicorn, which acquired collections tech platform spocto and credit analytics firm Corpositor in 2022

Medplus Health shares zoom 12% after Q4 profit jumps two fold May 26th, 2023 12:28
Medplus Health Services' shares rose by 12% to Rs 772.7, due to its two-fold rise in profits in the March quarter, primarily boosted by strong sales in its key retail test. The company sold medicines online besides through its retail outlets throughout India resulting in a revenue increase from retail of about 29% to Rs 1,241 crore, which accounted for almost all of its total revenue. At present, the stock is trading at 11.5% higher, with a year-to-date increase of 24%. The average target price for the stock is Rs 808, with a consensus Buy recommendation from six analysts.

PNB, Bank of Baroda among 9 bank stocks with high NPAs May 26th, 2023 12:28
A non-performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days

Sensex will hit 1 lakh mark in 5 years: Chris Wood of Jefferies May 26th, 2023 12:28
Chris Wood of Jefferies predicts that the Sensex will reach 100,000 in a matter of time based on a trend 15% EPS growth assuming a five-year average one-year forward PE multiple of 19.8x is sustained. However, Wood also highlights two stress points in Indian equity - Modi's re-election and a reduction in retail investor activity. Nevertheless, dedicated emerging market investors are slightly overweight in India relative to history, despite India's neutral weighting in the MSCI benchmarks being inappropriately low.