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MUMBAI: A fresh rush of FCNR(B) deposits under the central bank’s special swap window is expected to ease liquidity-buffer pressures on Indian lenders, with treasury heads saying the long-tenure deposits improve the metrics concerned by boosting funding without increasing expected 30-day outflows under regulatory norms. In the first quarter of FY27, revised liquidity coverage ratio…
Mumbai: India’s key stock gauges advanced more than 1% on Wednesday amid expectations that the recent sharp selloff in South Korea’s SK Hynix and Samsung could trigger a rotation of overseas fund flows into locally listed technology companies. The Nifty rose 264 points, or 1.1%, to close at 24,250. The Sensex rose 888 points, or…
Mumbai: Motilal Oswal Private Wealth is overweight on Indian mid- and small-caps, although it maintains a neutral stance on Indian stocks. The money manager for deep pockets is increasing allocations by 10 percentage points to 50%, while suggesting a 40% allocation to hybrids and large caps. The rest – 10% – should include global equities….
ET Intelligence Group: Manipal Health Enterprises, a healthcare service provider, plans to raise ₹8,000 crore through a fresh issue for repayment of debt, acquisition of stake in the subsidiary and general corporate purposes. It will also raise ₹1,275 crore through an offer for sale. The promoter group’s stake will fall to 72.1% after the IPO…
US Federal Reserve Chairman Kevin Warsh said he is fully committed to delivering price stability amid high inflation stoked by the escalating Iran war. Not giving any forward outlook or deeper insight into the FOMC policy, he said he had full confidence in the board despite the dissents to deliver the remit of reining in…
The Fed’s widely expected decision to leave the benchmark interest rate in the 3.50%-3.75% range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee who “preferred” a quarter-percentage-point hike at this meeting. The benchmark S&P 500 hit its lowest level in a month, while the tech-heavy Nasdaq was down…
Every salaried taxpayer assumes that 31 July is the deadline to file an income tax return (ITR). However, the due date is not the same for everyone. It depends on various factors, such as the nature of income, the applicable ITR form, whether tax audit provisions apply, and other compliance requirements. Here’s what experts have…
Waaree Energies on Wednesday posted a 15.39 per cent year-on-year rise in consolidated net profit to Rs 891.87 crore in the June quarter of the current fiscal, mainly on the back of higher revenues. The consolidated net profit stood at Rs 772.89 crore in the quarter ended June 2025, a company statement said. Revenue from…
Eicher Motors Ltd on Wednesday reported a 21.4 per cent rise in consolidated profit after tax at Rs 1,462.51 crore in the first quarter ended June 30, 2026, riding on record volumes. The company, which had posted a consolidated profit after tax (PAT) of Rs 1,205.22 crore in the corresponding quarter last fiscal, said its…
Cbiz shares jumped 17% on Wednesday after Grant Thornton Advisors agreed to buy the professional services firm for $5 billion in cash, a deal that would create one of the largest accounting and advisory services providers in the US. Cbiz shareholders will receive $55 per share, a 17.8% premium to the stock’s previous close. The…