Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Demat account additions pick up on D-Street rebound
India added over 2.5 million demat accounts in June, the highest since February. This growth occurred as key market indices Nifty 50 and Sensex advanced significantly. Improved market sentiment followed the easing of geopolitical concerns and potential IPO announcements. Broader market participation and digital onboarding are attracting new retail investors. Future demat account growth will depend on Indian market performance and investor confidence.
Aviva set to become first foreign insurer to fully own India life business
UK insurer Aviva Plc is set to fully own its Indian life insurance venture. This move follows India's recent policy allowing total foreign ownership in the sector. Aviva will buy the remaining 26% stake from its partner, Dabur Invest Corp. Full ownership offers greater strategic flexibility and faster decision-making for business expansion. The transaction marks the first deal under the government's liberalized foreign ownership policy.
Stocks to Watch Today: SBI, TCS, Tata Steel, Iware Supplychain, NLC India, Graphite India, TVS Motor,... - Moneycontrol.com
Stocks to Watch Today: SBI, TCS, Tata Steel, Iware Supplychain, NLC India, Graphite India, TVS Motor,...Moneycontrol.com
Credit cards lose ground as small-ticket personal loans gain traction: CIBIL
Credit cards now hold 38% of unsecured credit, down from 56% in 2016. Small personal loans under fifty thousand rupees have gained significant market share. Card balances remain stable at fifteen to sixteen percent of total consumption credit. Delinquency data shows risk spilling across various credit products. Occasional card users exhibit low delinquency rates across their credit portfolios.
Credit cards lose ground as small-ticket personal loans gain traction: CIBIL
Credit cards now hold 38% of unsecured credit, down from 56% in 2016. Small personal loans under fifty thousand rupees have gained significant market share. Card balances remain stable at fifteen to sixteen percent of total consumption credit. Delinquency data shows risk spilling across various credit products. Occasional card users exhibit low delinquency rates across their credit portfolios.
Toll-cum-annuity model for NH bids put in fast lane
The Centre plans to invite bids for national highway projects using a new toll-cum-annuity model. This hybrid approach combines build-operate-transfer and hybrid annuity model features. The revised agreement aims to optimise risk allocation and boost investor confidence significantly. The government will provide upfront financial support for certain projects with viability gap funding. This initiative seeks to revive private sector participation in infrastructure development.
How Will Mumbai Solve Rising Traffic Problem? Here's What BMC Chief Ashwini Bhide Says
BMC's Ashwini Bhide explained how Metro expansion will help tackle Mumbai's traffic.
JSW Energy adds 1,081 MW renewable capacity since April, total installed capacity at 14,535 MW
Shares of JSW Energy Ltd ended at ₹536.95, down by ₹6.85, or 1.26%, on the BSE.
Apple Doubles Down On US Chipmaking With $30 Billion Broadcom Investment
Tim Cook said the Broadcom deal strengthens Apple's end-to-end US silicon supply chain.
Tata Play Binge adds ETV Win to strengthen regional OTT offering
Tata Play Binge has integrated ETV Win, a Telugu streaming platform. This addition provides subscribers access to a vast library of Telugu films and shows. The partnership aims to enhance the platform's regional content ecosystem significantly. ETV Win offers over 499 Telugu films and popular television serials. This move strengthens Tata Play Binge's position in the growing Indian streaming market.
Stocks to Watch for July 9: OMCs, NALCO, TVS Motor, Mahindra & Mahindra and more
From TVS Motor Company Ltd entering into a strategic partnership with state-run IOCL to Crompton Greaves receiving an additional allocation under its existing rate contract with Maharashtra State Electricity Distribution Company; here are some stocks to track ahead of Thursday trading session.
Government starts industry consultations on next phase of food processing PLI
The government is planning an expanded Production-Linked Incentive Scheme for the food processing sector. Consultations were held with industry stakeholders to design the next phase of fiscal support. The upcoming policy aims to boost domestic manufacturing and global competitiveness. It will focus on innovation, value addition, and farmer benefits. Working groups will address perceptions and promote the sector's growth.