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Yes Bank sees Indians tip-toeing back to deposits
Indian households are reportedly shifting savings back to bank deposits due to weak stock markets and geopolitical concerns. This trend could benefit lenders facing intense competition for credit demand, as bank credit growth outpaces deposit increases. The move signals a potential return to traditional fixed deposits amid equity market volatility.
A veteran short-seller calls SpaceX a 'hopes-and-dreams' IPO; Here's how he justified it
The SpaceX listing has attracted intense investor interest and is expected to be among the largest public offerings in history. However, Chanos argued that much of the valuation is based on ambitious future opportunities rather than existing businesses.
Banks pay 7% on dollar deposits as India seeks fresh foreign currency
Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and support the rupee. This strategy aims to strengthen the currency amidst high oil prices and intense domestic deposit competition.
India’s anti-obesity drug market sees slower growth after initial surge in generic semaglutide sales
India's anti-obesity drug market sees a slowdown after initial generic semaglutide sales. Demand has eased from its peak, with growth moderating. Doctors note that physician training and patient education are now crucial for future market expansion. Meanwhile, tirzepatide shows a recovery, maintaining its market position. Competition remains intense with numerous semaglutide brands.
Zee appoints Tejkarran Singh Bajaj as Zee5 India business head
Zee Entertainment Enterprises Ltd (ZEEL) has appointed Tejkarran Singh Bajaj as Business Head for Zee5 India to bolster its digital business and monetization efforts. Bajaj will spearhead the streaming platform's strategy, focusing on content, user engagement, partnerships, and revenue growth. This move signals Zee's commitment to accelerating digital expansion amidst intense market competition.
Kerala on Red Alert as Heavy Rain Batters State; Monsoon Advances Across India
The IMD has issued a red alert for six Kerala districts amid intense rainfall triggered by a cyclonic circulation. As flooding and disruptions continue, the southwest monsoon has advanced into Maharashtra and is expected to reach Delhi later this month.
Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports
Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.
Talent fight heats up in India finance hub as two chiefs quit
GIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resigned. Taral Shah of DBS Bank and Saiju Gandhi of Standard Chartered have left their roles, highlighting a challenge for the growing hub. This comes as global banks expand their presence, attracted by tax incentives and a lighter regulatory framework.
PE wars to billion-dollar IPO dreams, hospital sector is fighting fit
Major private equity firms are vying for a stake in Cloudnine, a leading maternity and paediatric care chain. This intense competition highlights strong investor confidence in India's healthcare sector. The industry is entering a new growth phase driven by increasing demand, a shortage of hospital beds, and a rise in specialized medical services.
Tax talent on the move as consulting firms ramp up hiring
India’s leading audit and consulting firms, are engaged in an intense battle for senior tax talent, with over 100 partners and executives changing firms in recent months. Rising demand for tax expertise, AI-driven solutions, regulatory complexity are driving aggressive hiring and expansion plans.
Noel Tata raises growth concerns about Tata Digital's growth in board meet
Tata Sons seeks ₹7000 crore equity for Tata Digital units like BigBasket and Tata Cliq, Noel Tata questions optimistic growth, mounting losses and capital allocation amid intense competition
IMD Weather Forecast: Mumbai, Thane, Pune Set for Thunderstorms; Rainfall To Ease Heat Across Maharashtra
Pune is expected to witness thunderstorms with light to moderate rainfall across five days. Nashik, however, may initially see more intense conditions.