Analysts say the opportunity is not about a broad NBFC boom, but about lenders that can build a strong position in borrower segments that traditional banks still largely underserve. India’s underserved MSME borrowers in Tier-II to Tier-IV cities could emerge as one of the most attractive pockets of the retail lending market post Jio-BoFA deal,…
Elitecon International share price opened at ₹16.73 today. The stock touched an intraday high of ₹17.12 on NSE on 18 August. Small-cap stock Elitecon International surged nearly 1% on the NSE in Tuesday’s trading session after the company announced strengthening of its Board and senior management. The stock rallied despite muted trends on Dalal Street.…
During the day, the BSE Sensex made a high of 78,270.42, up 1,423 points, or 1.85 per cent. Likewise, the NSE Nifty50 gained 439 points, or 1.84 per cent to hit a high of 24,280.90 levels. Indian equity benchmark indices Sensex and Nifty witnessed a sharp rebound on Wednesday, April 15, amid optimism over the…
Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance in nearly 23 years. This has also weighed on the performance of the Indian stock market’s benchmark index, as the IT companies command over 10% weightage. IT stocks witnessed a breather on Wednesday, February 25, in an…
US Ambassador Sergio Gor took charge in Delhi, saying India and the US remain actively engaged on trade talks, with the next call expected soon. Newly appointed US Ambassador Sergio Gor said India and the US remain actively engaged on trade, with the next round of talks expected shortly. US Ambassador to India Sergio…
The Centre has granted NOCs to two new airlines amid efforts to boost competition and avoid repeat disruptions following the cancellation of over 4,000 IndiGo flights earlier this month As the Indian aviation industry recovers from the recent IndiGo crisis, Civil Aviation Minister Ram Mohan Naidu on Tuesday said the government has cleared the way…
The auto major aims to drive in multiple electric models across bodystyles and set up charging infrastructure across the country as it looks to attain leadership in the segment Maruti Suzuki India plans to localise battery production and other critical components over the next few years as part of strengthening the overall EV…
The Securities and Exchange Board of India (Sebi) is planning further relaxations to make the registration process easier for foreign portfolio investors (FPIs), including a common know-your-client (KYC) framework and smoother documentation through India Digital Signature. Over the past year, the market regulator has introduced several measures to ease FPI onboarding, including relaxations for…
They also welcomed the progress in bilateral relations in key sectors, including trade, technology, investment, innovation, sustainability, defence, security, and supply chain resilience. Prime Minister Narendra Modi on Thursday held a joint telephonic call with Antonio Costa, the President of the European Council, and Ursula von der Leyen, the President of the European Commission. In…
Following a brief spell in the red, the midcap 100 and smallcap 100 indices clawed backed in the positive with gains of about 0.7 percent each. Benchmark indices Nifty and Sensex closed sharply higher on March 20, extending their winning streak as a broad-based rally lifted all sectoral indices over 1 percent. IT stocks…