Cycling Financial News

Subscribe to enjoy similar stories. The Indian capital market’s regulatory regime has seen fast-paced reforms in areas of operational-risk management such as contract settlement cycles, public offer processes, and so on. In several areas, the market has moved appreciably ahead of the expected curve of evolution, even if compared to capital markets in developed economies.

liquidity surplus in the banking system, credit growth remains subdued, raising questions about the disconnect between available funds and actual lending activity. In an exclusive interaction with ET Now, Devang Shah of Axis MF offered a comprehensive explanation, pointing to weak demand, delayed policy transmission, and a still-recovering growth cycle as the main reasons behind the current trend. “Credit is a direct multiple of what is the demand scenario. If the demand scenario or the overall growth scenario is weakening, somewhere down the line credit growth starts to look weaker,” Shah said, emphasizing that liquidity alone isn’t enough—economic momentum is essential for lending to pick up.

IPOs. Recently, a flurry of companies, 14 to be precise, filed their draft prospectus letters with capital markets regulator Sebi, indicating their interest to tap the public market. There are also reports that indicate Korean electronics giant LG's India IPO will hit the market as early as this month, ending a lull of nearly 2 months now. It should be noted that the IPO market has been very dull this year due to the correction in the secondary market.

RBI rate cut looming, retail investors often find themselves questioning the right time to enter the bond market. But according to Suresh Darak, Founder of Bondbazaar, the best time to invest is now—not later. In an interaction with ETMarkets, Darak emphasized that retail investors shouldn't attempt to time the market like traders. “Retail is not a trader,” he said, adding that unlike mutual funds or institutions that can actively navigate interest rate cycles, individual investors should focus on capital efficiency and steady income.

Waaree Energies and Premier Energies with an 'Underperform' rating, citing that the solar photovoltaic (PV) space companies are close to the cyclical peak returns. The firm set price targets of ₹1,902 for Waaree and ₹693 for Premier, implying downsides of 16% and 22% over Wednesday's closing prices. «We initiate at underperform considering where we are in the cycle, our expectation of deterioration in returns and their rich valuations,» said Bernstein in a client note. «One cannot give the same multiple to a business built on the premise of a regulatory arbitrage.»

Subscribe to enjoy similar stories. Investors in V-Mart Retail Ltd shares appear thrilled with its business update for the March quarter (Q4FY25) and are likely expecting another good year. V-Mart’s shares shot up over 10% on Wednesday.

Devang Shah, Head, Fixed Income, Axis MF, says RBI has infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs and this liquidity injection is very positive and near-term liquidity problems may get sorted out. In fact, Shah’s assessment is that from here till September, we will see a positive banking liquidity and a positive durable liquidity to upwards of around Rs 2-3 lakh crore. Now they will probably have to start looking at some bit of absorption of liquidity because liquidity should be in a decent surplus. We are looking at surplus liquidity coming into the system for the first time by the Reserve Bank of India. Do you think markets should now stop complaining? There is surplus liquidity in the system. Devang Shah: You are absolutely right. Last year, after the entire forex intervention and significant currency leakage, durable liquidity as well as banking liquidity, both had turned negative. If you look across from June to September 2024, post the RBI dividend declaration, we were in significant surplus liquidity. From there, we went into a massive deficit liquidity. Again, thanks to all the proactive measures which RBI collectively put together including tools like CRR, VRR, OMOs, as well as this entire facility on FX, RBI must have infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs.

Subscribe to enjoy similar stories. Recent monetary policy decisions in both the United States and India indicate a shift towards easing interest rates. The US Fed has been signaling that there is a need to keep the policy rate accommodative and is open to rate cuts if the data supports this.

Quant Mutual Fund informs that their overall portfolio remains tilted toward large and mega-large caps, and the overall liquidity of the portfolio is good. The high cash levels in most of the fund house's schemes will be used to selectively deploy small caps in falling markets. The fund believes that the market is currently waiting for clarity from Trump. The fund house is participating in both large and mega-large caps, while selectively increasing small-cap exposures in most of their equity schemes. The fund house's 'predictive analytics' endorsed that a trading bottom was around the corner by the end of February. Since then, the benchmark index—Nifty 50—has rallied around 8%.

Kalpraj Dharamshi, in a conversation with ETNow, shared candid insights on what it means to evolve as an investor over decades of market cycles. Reflecting on his journey that began in the mid-to-late 1980s, Dharamshi recounted key phases in the Indian markets and how they shaped his investment thinking. Speaking about his early years, he said, “So, since my investing journey began in late 80s… was largely consisting of a time period when stocks were available quite cheap. I bought a lot of stocks at 10%, 12% dividend yield.”

He then went on to describe how each hotel is associated with a union and they charge tourists a bomb. He then reveals how one such cab driver had demanded Rs 1,600 to travel 10 km. “It would cost me Rs 3,500 to go to and from a restaurant just 10km away. Unbelievable!” he ranted.

Donald Trump’s threat of more penalties against Russia raised concerns over potential disruptions to oil flows. State-owned Bharat Petroleum Corp. and Hindustan Petroleum Corp. are seeking additional supplies for May arrival from regions such as the Middle East, North Sea and Mediterranean, said people familiar with the matter. The trading cycle for barrels delivered next month is typically concluded in early March. On Sunday, Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine. The comments drove benchmark futures higher, with West Texas Intermediate surging 3.1% on Monday, the biggest gain in almost 11 weeks.

Subscribe to enjoy similar stories. No matter how high the inflation is, their demand is inelastic. No matter how slow the current profit growth is, these companies spend on research and development (R&D) for future growth.

Subscribe to enjoy similar stories. Mumbai/New Delhi: Delhi-based 37-year-old insurance sector executive Prateek Verma says the biggest change his wife has noticed in him over the past few months is that he has become “weirdly philosophical". Can this be attributed to the joys of matrimony? “No, it is the stock market," he quipped.

As we step into FY26, consumption may emerge as one of the hottest investment themes due to lowering of interest rates and income tax rate cuts, says Viraj Gandhi, CEO, SAMCO Mutual Fund. In this chat with ET Markets, he also talks about 2 other promising sectors — private sector banks and pharma. Edited excerpts:

fuel efficiency norms under the CAFE III (Corporate Average Fuel Efficiency) standards as they resumed talks with the government after a hiatus of a few months, said people aware of the matter. The new norms are slated to come into effect on April 1, 2027. In the latest round of consultative meeting held earlier this month between the auto industry and government, representatives from automakers cited the current low penetration of electric vehicles (EVs)-critical for curbing overall vehicular emissions-in the Indian market for easing the norms.

National Financial Reporting Authority (NFRA) has flagged certain lapses in the audit quality of three audit firms. The observations have been made in NFRA's three separate inspection reports of SRBC & Co LLP, Deloitte Haskins & Sells LLP and Walker Chandiok & Co LLP. In its report on SRBC & Co LLP, the regulator conducted audit quality inspections in 2024 and the scope included focus on three audit areas — Internal financial control over financial reporting on revenue, related party transactions and impairment of non-financial assets. SRBC & Co LLP is member of two networks — Ernst & Young Global network and SR Batliboi & Affiliates.

Kumar Jain, a jeweller from Mumbai's Zaveri Bazaar, the largest gold hub in the country, said, «Consumers are buying gold coins more as they think that it is a good investment and the price of gold will move further in the coming days.» Last year, during Gudi Padwa, the price of gold was at Rs 78,000 per 10 gm, which is now nearing Rs 90,000 per 10 gm.

Horoscope today, March 30, 2025: Life moves in cycles, and the stars whisper secrets to those who listen. Tomorrow, March 30, 2025, holds a blend of surprises, challenges, and opportunities for every zodiac sign. Whether it's a fresh perspective, an unforeseen connection, or a moment of deep reflection, the universe has something special for you. Let’s dive into what your horoscope reveals.

Joe Root has advocated for consistency to counter India in the upcoming five-Test series, saying «there's no hiding place» when it comes to facing such an indomitable opponent. India will commence their their 2025-27 World Test Championship cycle in England with the opening match scheduled at Headingley from June 20. Root, who surpassed Alastair Cook as England's all-time highest Test run-getter last year, is gearing up for the challenge following an impressive showing in the Champions Trophy recently. «We are good in our own conditions but with India coming over for a five-match series there's no hiding place. It's a long old slog, you've got to be consistent. You've got to put in those match-winning performances time and time again,» the former England skipper told Sky Sports. Root, 34, led the England Test team from 2017 to 2022, recording 27 victories in 64 matches — the most by any captain from the country. However, a difficult period in 2021, where the team won just one of 17 matches and suffered an Ashes debacle Down Under, led to his decision to step down from the role.