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RITES Shares In Focus As PL Capital Remains Bullish On Execution-Led Growth, Sustainable Margins — Check Target Price
RITES shares in focus after PL Capital reiterated a Buy', citing strong execution-led growth visibility despite near-term margin normalisation.
Government raises export duty on petrol, cuts levies on diesel and ATF
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India's $2 billion state stake sales buck equity market slowdown
India's government secured a significant $2 billion from stake sales in state-run companies last quarter, a rare positive for the subdued capital market. This substantial divestment, primarily from Coal India and NHPC, provided a crucial boost to non-tax revenue amidst global market volatility and geopolitical concerns. The move highlights the government's strategy to bolster finances through public sector asset sales.
Indian financial system remains resilient as Bank NPA's at multi-decadal low of 1.8%: RBI FSR report
The Reserve Bank on Tuesday said Indian financial system remains resilient, underpinned by strong bank and non-bank balance sheets, as gross non-performing assets of banks have touched a multi-decadal low of 1.8 per cent at end-March 2026. The Indian banking sector continued to remain robust with adequate capital and liquidity buffers, and steady improvement in asset quality, the financial stability report stated. Macro stress test results showed that SCBs aggregate capital levels will continue to remain above the regulatory minimum, even under adverse stress scenarios. The NBFC sector remained robust with an improvement in asset quality alongside healthy capital and profitability ratios. Interconnectedness among different categories of financial entities, in terms of outstanding bilateral exposures, continued to grow. Despite repeated shocks, the global financial system has thus far demonstrated notable resilience, with markets remaining orderly after an initial bout of volatility ..
RBI's New collateral rule is a 'death knell' for prop trading, warns Crosseas Capital MD
Rajesh Baheti, Managing Director of Crosseas Capital Services, estimated that Indian broking houses and domestic high-frequency trading (HFT) firms account for 30% to 35% of total exchange turnover. He said the new collateral requirements could reduce activity in this segment by 30% to 35%, resulting in an estimated 10% to 12% decline in overall daily trading volumes.
Foreign buying of Indian sovereign bonds hits record after tax relief
The surge follows the government's June 5 decision to cut taxes on capital gains and interest income on bonds, removing one of the last barriers for global funds investing in India's sovereign debt
R Systems Shares May Rally 71%, Says Dolat Capital On Coverage Initiation — Check Target Price
Dolat Capital has initiated coverage on R Systems with a Buy' rating and sees an upside potential of about 71% from current levels.
Kotak reclaims India ECM lead with mega deals on horizon
Kotak has reclaimed the top position in India's equity capital markets league tables, driven by strong deal execution. With several large public offerings and fundraising transactions in the pipeline, the investment bank is well positioned to strengthen its leadership in the country's booming capital markets.
75% Oyo parent IPO proceeds to pare debt
No capital in the share sale is earmarked for funding capital expenditure at the company which is changing its brand name from Oyo to Prism.
Solvency buffers at insurers thinning; general insurance sector more of a concern
The Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain compliant, their buffers are shrinking. The general insurance segment faces a more serious challenge, with three public sector firms persistently falling below the minimum solvency requirement for over a year, posing a direct financial stability risk.
Solvency buffers at insurers thinning; general insurance sector more of a concern
The Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain compliant, their buffers are shrinking. The general insurance segment faces a more serious challenge, with three public sector firms persistently falling below the minimum solvency requirement for over a year, posing a direct financial stability risk.
Banks, NBFCs well placed even in severe stress scenario
The Reserve Bank of India's latest financial stability report indicates that Indian banks will likely keep capital levels above the regulatory minimum, even in challenging scenarios. Core capital ratios may see some reduction, but they are anticipated to remain healthy. On the other hand, certain NBFCs could experience difficulties.