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Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.
Setting up of Bureau of Port Security reviewed
Union ministers reviewed the Bureau of Port Security's progress on Friday. Only licensed private agencies and CISF-trained personnel will secure ports. Training for port security personnel will commence soon using existing infrastructure. A database of all security personnel will be created for the Bureau. Sagarmala Finance Corporation has sanctioned over Rs 10,700 crore in financing.
Govt's ethanol policy backed by 4 years of research, engine damage fears are myths: Grain Ethanol Manufacturers Association
Ethanol blending in petrol does not damage vehicle engines, according to GEMA President Chandra Kumar Jain. He stated that government policy followed extensive research and expert consultations over four years. Concerns about fuel efficiency are also addressed, with other factors impacting mileage significantly. India's grain ethanol industry is developing, focusing on improving plant efficiency and production.
TCS continues to command a wider premium to Accenture despite slowing growth
TCS's June-quarter earnings have left Dalal Street divided, with analysts split between applauding the company's resilient execution and questioning its premium valuation, even as robust hiring fuels hopes of a gradual recovery in IT demand.
Milky Mist prepares to launch Rs 2,035 crore IPO as early as July-end
Milky Mist Dairy Food is preparing to launch a Rs 2,035 crore IPO by July-end or early August, with proceeds earmarked for capacity expansion and debt repayment
GraniteShares 2x Long Sandisk Daily Share Price | LON:SANP ETF - Investing.com India
GraniteShares 2x Long Sandisk Daily Share Price | LON:SANP ETFInvesting.com India
14 Million Bpd Cut Off: IEA Warns Of Oil Scare As US, Iran Inch Towards Full-Blown War
The IEA said sustained geopolitical tensions could undermine the market's recovery and add freshvolatility to oil prices.
Benchmark indices snap weekly winning streak as oil jitters weigh on mkts
Sensex and Nifty ended the week with marginal losses, snapping a four-week winning streak despite Friday's sharp rebound led by Reliance Industries and IT stocks
'Free Of Cost': Student Lauds Adani Group After 6-Week Course At Research Science Initiative
The student expressed gratitude to the Adani Group for funding the programme.
Tonbo Imaging, Zetwerk, 2 others get Sebi approval to float IPOs
The market regulator approved four IPO proposals, paving the way for companies in defence, retail, manufacturing and metals to tap the public markets
FIIs pump in ₹2,604 crore as Dalal Street ends week on a high
Foreign institutional investors staged a strong comeback on Friday, investing ₹2,603.72 crore in Indian equities—their biggest single-day inflow this week—while domestic institutional investors extended their buying streak as benchmark indices rallied sharply.
Railways Says Train Tickets Shared On WhatsApp Won't Be Accepted During Checks
The clarification is meant to prevent misuse of digital tickets through forwarding or sharing with other users.