Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Deposits win for private banks, loans trophy for PSBs: Q1 throws up opposing trends; private growth seen as healthier
Private banks saw stronger deposit growth than public sector lenders in the June quarter. Public sector banks, however, achieved faster credit expansion during the same period. This divergence raises concerns about funding sustainability for state-run institutions. Private banks have steadily gained market share in deposits over a decade. Credit growth between the two bank types showed convergence in the recent quarter.
Fluence deal signals Honasa’s pivot towards health-beauty convergence
As beauty consumers increasingly demand science-backed and holistic solutions, Honasa is blurring the lines between cosmetics, wellness and healthcare, with nutraceuticals emerging as a new battleground for growth and differentiation.
SpaceX Shares To Fly After Record IPO? Oppenheimer Initiates Coverage; Target Price Implies 41% Upside
Analyst Timothy Horan argued that SpaceX is uniquely positioned to benefit from the convergence of artificial intelligence, communications and space-based infrastructure.
Goldman Sachs says economic convergence remains strong when weighted by population - Investing.com India
Goldman Sachs says economic convergence remains strong when weighted by populationInvesting.com India
India's power sector set for up to 6 per cent CAGR on multi-vector capex upcycle: Citi
India's power sector is positioned for a sustained growth trajectory with a medium-term forecast set at a 5-6 per cent CAGR, supported by the convergence of electrification, data centers, cooling loads, and manufacturing sectors. According to a Citi Research report, the country is currently witnessing its first-ever multi-vector capital expenditure upcycle that spans thermal, renewables, transmission, and grid storage.
HCLTech shares fall 11% to a 52-week low, marking their worst single-day return in 11 years
According to Nuvama, HCLTech's weak guidance for FY27 now converges its growth differential with TCS and Infosys, which is likely to lead to convergence of their valuations. The brokerage has cut growth estimates and revised its USD-INR assumption to 93 from 88 earlier.
Consumer goods cos upbeat as GST tailwinds lift volumes in March quarter
Consumer goods companies and retailers like Marico, Dabur India, and DMart reported a sales rebound in the March quarter, driven by volume recovery post-GST rationalization. Despite geopolitical tensions, companies are optimistic about continued consumption growth, with urban and rural markets showing convergence.