Mumbai: DBS Bank India has earmarked $250 million (about ₹2,000 crore) to lend to new-age startups as improved operating metrics and a sharper focus on profitability have enhanced the broader view on the sector facing a prolonged funding winter. “It’s not a bad time to think about support to startups because several of them have … Read more
Synopsis Recent reports indicate a decline in cement prices, causing a significant correction in cement stocks. However, it’s important to consider broader factors before making investment or trading decisions in the cement sector. Despite a temporary price dip, the sector continues to benefit from increased demand driven by infrastructure projects and improved balance sheet quality. … Read more
THE HAGUE: The Netherlands is joining a military coalition with allies including Britain that will supply Ukraine with advanced drone technology and bolster its offensive capabilities in the war against Russia, the Dutch defence minister said. The pledge from the Netherlands comes in addition to F-16 fighter jets, artillery, ammunition and air defence systems provided … Read more
Synopsis While it was an interim budget, on one count it gave more indications even than a full budget. That count is the path which interest rates may follow. If one goes by the reaction of the debt market and the benchmark G-sec yield, the probability of interest rates coming down has increased very sharply. … Read more
The Passenger Vehicles (PV) segment volumes are expected to log a record 18-20 per cent growth this fiscal as the pent-up demand levels off amid hike in vehicle prices, CareEdge said in a report on Tuesday. It also projected the PV sales volume to continue this growth momentum in the next fiscal, driven by factors … Read more
“We expect that this rally can extend for 22,200 kinds of targets. For Bank Nifty, the immediate resistance area or supply zone which we can say is at 47,800 on the spot. Once we are able to cross this level, then yes, definitely Bank Nifty may also support this momentum and possibly Bank Nifty can … Read more
“One indication that could be important to follow for us is what is going on in the consulting space. As you know, we have made significant investments in consulting and strategic decisions to help us transform our organization,” says Thierry Delaporte, CEO, Wipro. “On deal wins, we are continuing to see a strong momentum in … Read more
Indian sovereign bonds, coming off the best annual performance in three years, are poised for further gains on expectations that their upcoming inclusion in a global bond index will lure big foreign inflows. The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years. It’s expected to slide by more … Read more
Oil prices rose in early trade on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. Brent crude futures were up 23 cents, or 0.3%, to $79.62 a barrel by 0121 GMT, … Read more
Global oil markets won’t be as tight as expected this quarter, as upward revisions to demand are outpaced by upgrades to supplies, the International Energy Agency said. The IEA boosted forecasts for world fuel consumption this year on surprising strength in China, and still anticipates a supply shortfall during the fourth quarter. But it will … Read more