City Bank Financial News

“Large private sector banks are available at attractive valuation backed by the very healthy and clean balance sheet, witnessing robust credit growth, Ajit Banerjee, Chief Investment Officer of Shriram Life Insurance Company. In an interview with ETMarkets, Banerjee said: “This lower premium combined with stronger earnings growth expectations for the Indian equity markets vs. Emerging markets over the next two years places India in a good position comparatively in terms of valuations and outlook,” Edited excerpts: Samvat 2080 started on a positive note as the market picked up momentum. Where are markets headed? The world economy is undergoing a mix of tailwinds and headwinds. On one side, we are witnessing an easing of inflation in the US and a global decline in commodity prices that have positively impacted the economy which reduced probable global recession fears and potentially influenced the US Federal Reserve's future rate hike trajectory.

Nifty has been flattish in the past 6 weeks and gave just a 1.6 percent return in the past one quarter on the back of multiple headwinds. Moreover, strong DII flows have also been neutralized by FII outflows. Still, the market has taken all headwinds in its stride and the action has been very stock-specific as Mid/small caps continue to outperform large caps, a report by domestic brokerage house Prabhudas Lilladher stated.

₹270 crore ($35 million) Series B funding round in Giva, a new-age omnichannel jewellery company. Existing investors A91 Partners and Aditya Birla PE will also participate in the round, a senior company executive said. “While ₹200 crore are coming as primary funding into the company, around ₹70 crore of secondary stake sale has also happened where some of our existing angel and early-stage investors have partly exited," said Ishendra Agarwal, founder, Giva.

₹270 crore ($35 million) Series B funding round in Giva, a new-age omnichannel jewellery company. Existing investors A91 Partners and Aditya Birla PE will also participate in the round, a senior company executive said. “While ₹200 crore are coming as primary funding into the company, around ₹70 crore of secondary stake sale has also happened where some of our existing angel and early-stage investors have partly exited," said Ishendra Agarwal, founder, Giva.

Bank capital rules for crypto assets due by year end