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Source: Live Mint Domestic rating agency firm ICRA expects the revenue growth of the Indian auto component industry (represented by a sample of 46 auto ancillaries with aggregate annual revenues of over ₹3,00,000 crore in FY2024, accounting for close to 50% of the industry) to ease to 7-9% in FY2025 and 8-10% in FY2026, from…
Source: Business Standard 4 min read Last Updated : Oct 14 2024 | 1:35 PM IST Shares of Aptus Value Housing Finance India (Aptus) hit a record high of Rs 401.65, as they rallied 11 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade amid heavy volumes on expectations that the…
Source: Business Standard 2 min read Last Updated : Oct 09 2024 | 8:12 PM IST The Reserve Bank of India (RBI) on Wednesday said that banks and non-banking financial companies (NBFCs) cannot levy foreclosure charges or pre-payment penalties on floating rate term loans sanctioned to Micro and Small Enterprises (MSEs). A draft…
Source: Business Standard The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then, it has held the rate at the same leve (Photo: Shutterstock) 5 min read Last Updated : Oct 06 2024 | 1:54 PM IST The Reserve Bank is unlikely to cut the benchmark…
Source: Business Standard 4 min read Last Updated : Sep 25 2024 | 12:30 PM IST India’s organized gold loan market is poised to reach a new milestone, with rating agency Icra forecasting it to exceed Rs 10 trillion in the current financial year, and Rs 15 trillion by March 2027. Key Trends:…
Source: Business Standard With private banks focusing on reducing their credit-to-deposit ratio, fund-raising through bonds is largely being dominated by public sector banks this year, the agency added | Photo: Twitter 2 min read Last Updated : Sep 24 2024 | 11:20 PM IST Banks’ borrowings through bonds is expected to reach Rs 1.2-1.3…
Source: Business Standard Nearly 85 per cent of the bond issuances will be by public sector banks, the report by domestic rating agency ICRA said, adding that the higher appetite for infra bonds among such lenders will drive the market 2 min read Last Updated : Sep 24 2024 | 2:53 PM IST The…
Source: Live Mint Shares of SBFC Finance surged over 19 percent, reaching a record high of ₹104.35 per share on September 23, following an upgrade by credit ratings agency ICRA, which gave its bank facilities a ‘stable’ outlook. The increase is also accompanied by a surge in trading volumes. Approximately 7 crore equity shares were…
Source: Business Standard Workers assemble smartphones at Dixon Technologies’ Padget Electronics Pvt factory in Noida (Photo: Bloomberg) 4 min read Last Updated : Sep 16 2024 | 1:21 PM IST Shares of Dixon Technologies (India) surged 6 per cent on the BSE in Monday’s intra-day trade to hit a new high of Rs 13,848.10, after…
