In 2022, developing countries grappled with an unprecedented challenge as they expended a staggering $443.5 billion to service external public debts, marking a record high, […]
Category: Finance
Indian Banks Extend Global Reach: Surge in Overseas Presence and Financial Activity in 2022-23
In the fiscal year 2022-23, Indian banks expanded their global presence through subsidiaries, increasing from 399 to 417, according to data from the Reserve Bank […]
No Change in Interest Rates: Insights from Recent Federal Reserve Actions and Projections
In their recent decision, Jerome Powell and the Federal Reserve have chosen to maintain interest rates in the range of 5.25% to 5.50%, in line […]
Vedanta Resources Faces Credit Downgrade Amid Concerns Over Bond Extensions
Vedanta Resources has been downgraded to ‘CC’ by S&P Global Ratings due to concerns over potential bond extensions. The company initiated a liability management exercise […]
Adani’s Media Empire Expands: AMG Media Networks Secures Majority Stake in IANS India
AMG Media Networks Ltd., a part of the Adani Group, has successfully acquired a controlling stake of 50.5% in IANS India Pvt., a prominent news […]
ICICI Bank’s Q3 Success: Achieving a Record Profit of 10,271 Crores, Surpassing Expectations on the Street
ICICI Bank’s third-quarter Profit After Tax (PAT) reached 10,271 crores, surpassing the estimates of 9,980 crores. The Net Interest Income (NII) for the quarter stood […]
Tata Power Forecasts a 600 Billion Rupee Capital Expenditure Journey Through FY27
Tata Power, in its recent investor presentation, revealed ambitious plans for capital expenditures (CAPEX) with an estimated investment of around 600 billion rupees until the […]
Apple and Goldman Sachs Break Up: A Billion-Dollar Split Over Credit Card Ventures
Apple proposes to end its collaboration with Goldman Sachs for the credit card, affecting their joint ventures involving the card and savings account. Goldman Sachs […]
Tata Motors’ IPO Success: ₹2,313 Crore Raised as Tata Technologies Prepares for Dalal Street Debut
Tata Motors Ltd., the parent company of Tata Technologies set for a listing on Dalal Street, successfully raised ₹2,313 crore through the sale of shares […]
HSBC Forecasts China’s Resilient Growth: 2024 Economic Outlook and Policy Shifts
HSBC’s outlook on China’s economic trajectory in 2024 is marked by several key observations. Policymakers are anticipated to establish a GDP growth target of approximately […]
Inflation Dilemma: Fed Official Warns of Possible Rate Hikes Amidst Market Expectations for Cuts
Despite widespread market expectations for a rate cut this year, a senior Federal Reserve official, Austan Goolsbee, warns that persistent inflation may result in a […]
Strong Performance in Q3: Impressive Growth in NII, PAT, and PPOP, with Improved Asset Quality and Expanding Loan Book
• Net Interest Income (NII) witnessed a significant YoY surge, reaching Rs 448 cr in the third quarter. • Profit After Tax (PAT) demonstrated robust […]