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India's private credit industry can become $100 billion by 2050: NPS Trust chief Dinesh Kumar Khara
India's private credit sector could reach USD 100 billion by 2050. This expansion is driven by a maturing ecosystem and growing domestic capital pools. Family offices and UHNIs are increasingly seeking alternative asset classes. Regulators are adopting a calibrated approach to market evolution and reforms.
DBS Bank India profit jumps 49% on lower costs, better asset quality
DBS Bank India reported a significant 49% net profit increase. Advances grew fifteen percent while expenses and provisions saw a decrease. Total income fell seven percent to Rs 10,591 crore for the year. Gross NPAs dropped to 1.34 percent, reflecting improved asset quality. The bank's capital adequacy stood at 19.7 percent.
DBS Bank India profit jumps 49% on lower costs, better asset quality
DBS Bank India reported a significant 49% net profit increase. Advances grew fifteen percent while expenses and provisions saw a decrease. Total income fell seven percent to Rs 10,591 crore for the year. Gross NPAs dropped to 1.34 percent, reflecting improved asset quality. The bank's capital adequacy stood at 19.7 percent.
Indian Rupee loses momentum as international oil prices and dollar firms up
The Indian rupee lost momentum in opening trades on Wednesday as international oil prices and dollar firmed up following renewed tensions between US and Iran. Reported US air strikes on Iran drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes that kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. INR opened at Rs 95.15 per dollar and hit a low of 95.19 so far during the day. Local equities are also seen in negative tracking global peers on concerns that the AI-fueled rally in chipmakers may be losing momentum. The Nifty 50 has fallen below 24,250 while the BSE Sensex has tumbled over 550 points, trading around the 77,60077,800 range. Yesterday, rupee appreciated 48 paise to close at 94.95 against the US dollar, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.
Q1 preview: Credit recovery aids banks, margins watched: Anand Rathi Wealth
Loan growth should support income, asset quality should remain manageable, and margins may stabilise gradually
BlackRock Takes On Invesco With New Nasdaq-100 ETF Amid AI Boom
BlackRock's new iShares Nasdaq-100 ETF debuts Thursday amid booming AI-driven demand.
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand
The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will track the flagship U.S. index and start trading under the ticker on Thursday
Stock market today: Sensex, Nifty 50 snap four-day winning streak as oil prices rise
The Sensex dropped 104 points, or 0.13%, to end at 78,180.72, while the Nifty 50 shed 32 points, or 0.13%, to finish at 24,398.70. Nifty Midcap 100 and Smallcap 100 indices dropped 0.30% and 0.55%, respectively.
IndusInd Bank among 6 stocks to hit 52-week highs & rally up to 25% in a month
Six BSE 100 stocks, including Cholamandalam Investment, IndusInd Bank and Lupin, touched fresh 52-week highs as the Sensex climbed 521 points. The milestone reflects strong buying interest, positive momentum and growing investor confidence amid the broader market rally.
Stock market today: Sensex jumps 500 points, Nifty 50 closes above 24,400; investors earn ₹2 lakh crore in a day
The Sensex ended 521 points, or 0.67%, higher at 78,285, while the Nifty 50 closed at 24,430, up 160 points, or 0.66%. The mid and small-cap segments also rose. The Nifty Midcap 100 and Smallcap 100 indices gained 0.45% and 0.75%, respectively.
Market rally explained: Sensex jumps 624 points intraday; Nifty tops 24,450
Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices trading higher by 0.31 per cent and 0.34 per cent, respectively.
Nifty outlook: Buy the dips, says Angel One; likes IndusInd Bk, Zydus Life
Hitesh Rathi of Angel One recommends adopting a buy on dips approach for the Nifty, with prior resistance zone of 24,180-24,100 now likely to act as an immediate support cluster.