The quality of earnings remained strong for ICICI Bank with a steady improvement in net interest margin, strong double-digit growth in core fee income, and lower credit costs. The strong improvement in domestic consumption has bolstered the lender’s retail loan book.
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India-Australia pact kicks in; zero duty for 96.4% exported goods
Australia is offering zero-duty access to India from day one for about 96.4% of the products exported, including many that currently attract 4-5% customs duty in Australia, such as leather, textiles, and gems and jewellery.
‘Govt’s manufacturing push not yielding results; services sector getting more FDI’
Fitch Ratings said services sector FDI increased to USD 153.01 billion in the services sector during April 2014 to March 2022 from USD 80.51 billion during to April 2000 to March 2014, while the increase in manufacturing was less fast at USD 94.32 billion as against USD 77.11 billion.
Can top housing finance companies bounce back after a tepid year?
On BSE, there are 13 listed housing finance companies with a market cap of over Rs 250 crore. Stocks like Star Housing Finance and SRG Housing Finance have surged about 130% and 53%, respectively in 2022. While industry leader HDFC gained just 3%. Meanwhile, LIC Housing Finance jumped 12%, shows Continue Reading
These 8 IT stocks managed to survive the tech crash. Do you own any?
Wipro, Mphasis, Tech Mahindra and LTIMindtree fell over 40% and were the worst performers in the Nifty IT pack in 2022.
Ashish Kacholia sells stake in this underperforming smallcap
For the quarter that ended September 30, 2022, the company has reported consolidated net sales of Rs 305.8 crore — up 37.68% from last quarter’s total income of Rs 222.1 crore. The company reported a net profit after tax of Rs 22.9 crore in the last quarter.
These 6 largecap stocks closed above their 200 DMAs
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Has Nifty topped out? Don’t forget earnings hold the key to performance
we are still a developing economy that is growing, and since growth and equity performance are fast friends hence the “Accha hi hain” phrase is a good enough response, although it is as terse an answer as one can get
Quality, quality, quality is going to be the theme for 2023: Rajan Anandan
Basically at the end of the day the focus is going to be on quality businesses. So what does that mean for a start-up is that if you are at seed state start-up you only should have one goal which is to get extraordinary product market fit.
Tesla’s 2022 collapse hits 69% after deepest selloff since April
The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.