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RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank
The Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its deteriorating financial condition. The bank's inability to meet its obligations and its lack of adequate capital and earning prospects led to this decision. Approximately 97.9% of depositors are expected to receive their full deposit amounts from DICGC upon liquidation.
Why Investec is bullish on India's electronics export story
India's recent trade agreements and rising investments in manufacturing are helping improve the country's position in global supply chains. According to Investec Capital Services' Head Equities Mukul Kochhar, electronics exports are among the best-placed segments to benefit from this trend. Besides EMS, he sees strong opportunities in original design manufacturing (ODM) and defense electronics as Indian companies deepen their presence in the global electronics market. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
KFin Tech board OKs $2 mln investment in Singapore arm
KFin Technologies announced that its board approved a capital infusion of $2 million in its wholly owned subsidiary, KFin Technologies (Singapore), in one or more tranches.
Physicswallah is ‘class’ apart, says DAM Capital after initiating with Buy rating. 3 reasons why
DAM Capital has initiated coverage on PhysicsWallah with a Buy rating, calling the ed-tech firm ‘a class apart’ and highlighting strong growth drivers. Brokerage cites low customer acquisition cost, a scalable online business, and expanding offline centres as key positives, expecting sustained revenue growth and improving profitability over coming years.
Ghayal hoon isiliye ghatak hoon! Why a global tech crash could be the right medicine for wounded Nifty bulls
Global capital flows are shifting away from semiconductor-heavy markets like South Korea and Taiwan. This tech-led meltdown presents an opportunity for India. Foreign investors may return to Indian markets, which are seen as a diversified domestic-economy-led alternative. This shift could lead to an explosive rally for Indian stocks.
Ficci proposes 700MW PHWR tech transfer framework to boost nuclear energy investment
Indian industry is pushing for a clear framework to license and transfer technology for indigenous 700MW PHWR reactors to private players. This move aims to accelerate nuclear capacity expansion and attract vital investment. Ficci highlighted that structured technology transfer and licensing are crucial for faster project deployment and mobilising capital, ultimately strengthening India's nuclear power programme and project viability.
Rupee may weaken towards 98 as oil and US yields pressure EMs: David Hauner of BofA Securities
David Hauner, Head-Global EM Fixed Income Strategy at BofA Securities, remains structurally bullish on emerging markets over the long term despite near-term headwinds. He expects oil prices to ease, the US dollar to weaken and capital flows to gradually return to emerging market assets next year.
India fund outflows deepen as global investors rush back to US tech
Elara Capital’s latest global liquidity tracker shows the first visible cracks in the broader AI rally that had lifted markets such as Taiwan, South Korea and Brazil over the past year.
Air India's San Francisco-bound plane faces tech issue, returns to Delhi
An Air India flight bound for San Francisco returned to Delhi early Wednesday morning. The Boeing 777-300 ER aircraft, carrying around 230 passengers, was airborne for over eight hours. The plane diverted back to the national capital while in Chinese airspace due to a technical issue. Air India is making alternative arrangements for passengers and providing assistance.
Healthcare, engineering and specialty chemicals remain key market themes: Mayuresh Joshi
Mayuresh Joshi, Director Research at Marketsmith India, believes execution will remain key for companies like Suzlon, while healthcare, engineering and select speciality chemical names continue to offer strong growth opportunities. He also sees India-focused engineering and capital goods companies remaining resilient despite global uncertainties. Joshi says investors should stay selective in IT, remains positive on Navin Fluorine, and is closely tracking niche AI-linked opportunities emerging in smaller tech firms.
Why foreign investors are exiting Nifty giants to hunt in India's small and midcap market
Foreign institutional investors are shifting their focus from India's top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is driven by growth opportunities in sectors like capital goods, manufacturing, and new-age tech, despite an overall decline in FPI holdings in India.
Engineering, cement, autos remain top cyclical bets; IT turns attractive: ASK’s George Joseph
Managing nearly $1.21 billion in assets as of April 30, ASK Investment Managers is turning positive on large-cap IT despite worries around AI disruption, says CIO & CEO-Equity George Joseph. He believes fears over AI replacing Indian IT firms are exaggerated, as these companies will continue to play a critical role in system integration and enterprise tech rollouts. ASK has remained constructive on sectors such as engineering, capital goods, cement, autos, banking & financial services, and commodities, seeing them as beneficiaries of the ongoing cyclical uptrend. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.