Fitch Ratings recently highlighted the contrasting market conditions for cement producers in China and India. In China, the demand for cement is anticipated to stay […]
Category: Finance
Digital Loan Disbursements Surge: Challenges and Growth Insights from Q2FY24 FACE Report
In the second quarter of the financial year 2024, there was a significant 43% annual growth in the value of digital loan disbursements, as reported […]
India Faces Rising Inflation in November: Onions and Pulses Drive Up Consumer Prices
In November, India’s retail inflation is anticipated to increase, mainly due to higher prices of vegetables like onions and pulses. Economists estimate the Consumer Price […]
Adani Ports Approves ₹5,000 Crore NCDs Issuance for Expansion and Refinancing
Adani Ports and Special Economic Zone Limited recently got the green light from its Board of Directors to issue Non-Convertible Debentures (NCDs) valued at ₹5,000 […]
SpiceJet Charts Strategic Course with Rs 1,600 Crore Fund Raise, Reports Q2 Financial Highlights
SpiceJet has reported a net loss of 4.3 billion rupees in the second quarter, a notable improvement from the 8.4 billion rupees loss year-over-year. During […]
Indian Rupee Faces Challenges Despite Weakening US Dollar, Falling Crude
Introduction:In a surprising turn of events, the Indian rupee has struggled to bounce back Despite the drop in crude prices and easing yields, and weakening […]
Indian Lok Sabha Approves Rs 58,378 Crore Additional Spending for Fiscal 2023-24
The Lok Sabha approved a net additional spending of Rs 58,378 crore for the current fiscal year ending March 2024. The government sought a gross […]
November CPI Report: U.S. Inflation Slows but Challenges Persist for the Federal Reserve
The latest U.S. Consumer Price Index (CPI) report for November revealed a 0.1% increase in prices, surpassing expectations for a flat 0.0% reading. On an […]
Block Deal in Axis Bank: Co Announces Secondary Offering of 33.4 Million Shares via Accelerated Bookbuild at INR 1,109.00 per Share
Axis Bank Ltd. is set to undertake a secondary offering of approximately 33.4 million shares through an accelerated bookbuild offering. The issuer, Axis Bank Ltd., […]
IDFC FIRST BANK Q3 Financial Highlights: Robust Growth and Improved Asset Quality
Net Interest Income (NII): IDFC FIRST BANK reported a robust performance in Q3 with Net Interest Income (NII) standing at ₹4,287 crores, marking a significant […]
Foxconn’s $1 Billion Boost: Apple’s iPhone Assembly Plant in India Set for April Launch
Foxconn Technology Group has secured approval to inject a substantial additional investment of at least $1 billion into its manufacturing facility in India, marking a […]
Moody’s Affirms Reliance Industries’ Baa2 Rating with Stable Outlook Amidst Strong Growth Prospects
Moody’s has confirmed Reliance Industries Limited’s (RIL) credit rating at Baa2 with a stable outlook. The affirmation is based on RIL’s significant market presence, diverse […]