Experts Financial News

(Owing to their business model, small finance banks cannot be kept on par with other scheduled commercial banks. Hence FDs from small finance banks are also not comparable in terms of risk profile to full-service banks. However, when it comes to insurance, do keep in mind that deposits in small finance banks are also insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) to the tune of Rs 5 lakh. Most of the experts advise layman retail investors to keep their exposure limited in FDs of small finance banks so that it is well within DICGC cover of Rs 5 lakh including principal and interest.) Ujjivan Small Finance Bank

With mortgage rates causing stress for many Canadians and rents across the country on the rise, many are looking for creative solutions for the housing crisis.

Bitcoin price growth could continue, a South Korean crypto analyst has predicted, as “crypto fever” slowly takes hold in the nation.

BSE Midcap and Smallcap indices saw healthy gains, rising over a per cent each, in the morning session of trade on Thursday, March 14. The BSE Midcap index was up 1.02 per cent while the BSE Smallcap index was up 1.6 per cent around 10:25 am. The benchmark Sensex was 0.10 per cent up at that time.

Krystal Integrated Services IPO: The initial public offering (IPO) of Krystal Integrated Services Limited has hit the Indian primary market today. The public issue will remain open for bidders till 18th March 2024. The facilities management services company has fixed Krystal Integrated Services IPO price at ₹680 to ₹715 per equity share.

Hindustan Copper, a state-owned company engaged in mining copper ore in India, saw its shares zoom 6% to ₹249 apiece in today's early trade, snapping a 5-day losing streak after copper prices rose sharply as investors bet on a drop in global supply. On Wednesday, copper prices surged to their highest level in 11 months, climbing by 3.1%, following a meeting in Beijing where officials from at least 15 Chinese plants discussed potential measures, including the possibility of production cuts.

₹351 per share, 12.47% lower than the issue price of ₹401. On BSE, Gopal Snacks share price today opened at ₹350 apiece, down 12.72% than the issue price.

profit booking in the previous session, Indian equity indices opened in the red for the second straight session on Thursday. Selling pressure was seen across all sectors. The BSE Sensex was trading 252 points or 0.35% lower at 72,509. Nifty50 was trading at 21,930, down 68 points or 0.31% at around 9.20 am.

smallcap stocks are now in bear territory with losses going as high as 84% from 52-week high levels. Some of the biggest victims of the bloodbath, which accelerated after Sebi compared the smallcap boom to irrational exuberance, are high-flying multibaggers. While the Nifty Smallcap100 index is down 14% from peak, at least 756 smallcap stocks have fallen more than 20% from recent highs. Out of them 374 stocks are down at least 30% from peak while 18 of them have crashed at least 50%, shows data from ACE Equity.

Recruitment consultancy Team Lease Digital had earlier estimated that the Indian IT workforce would expand to 10 million by 2030.

Boeing received bad grades in a government audit of manufacturing quality, and the company says it's making changes to address the situation

US inflation data has raised concerns that Jerome Powell-led US Federal Reserve may postpone cutting interest rates in June over achieving its inflation target of two per cent. This also led foreign investors dumping Indian shares today with the total outflow by foreign institutional investors (FIIs) coming in at ₹4,595 crore, according to NSE data. Domestic institutional investors (DIIs) instead bought ₹9,094 crore in Indian equities, but that could not stabilise the larger selling pressure today witnessed across counters.

Reserve Bank of India's liquidity stance has not convinced several experts, including even a member of the Monetary Policy Committee. What is it that the RBI is doing with liquidity, and why is it affecting the market. ET explains: What is the RBI’s approach towards liquidity management? The central bank follows a “corridor” liquidity management system – with a ceiling and a floor rate – where the repo rate--the rate at which the RBI injects liquidity--is the policy rate which acts as the ceiling for the corridor, while the reverse repo rate works as the floor of the corridor. The ideal situation is one where call rates move within this corridor which the central bank ensures through its liquidity adjustment facility (LAF). The operating framework of monetary policy aims at aligning the weighted average call rate (WACR) with the policy repo rate through proactive liquidity management to facilitate transmission of repo rate changes through the entire financial system. How does this work? Banks try to borrow their shortfall of reserves from the inter-bank market. If reserve requirements like cash reserve ratio and statutory liquidity ratio cannot be met in the inter-bank market, then banks borrow funds from the RBI under LAF. If banks are net borrowers under LAF, the system liquidity can be said to be in deficit. Conversely, if banks deposit more than the reserve requirement, then it becomes a net lender to RBI, and the system liquidity can be said to be in surplus.

RapidCanvas, an auto artificial intelligence (AI) platform built for businesses, has raised $7.5 million in a funding round led by Accel, with participation from Valley Capital Partners. The funds will be used for customer acquisition through marketing and sales expansion, as well as for customer retention through investment in research and development.

Shiba Inu seems like a tale of bygones thanks to this new memecoin in town.

By David Shepardson

Frothy U.S. Stock Market Just Isn’t Crazy Enough to Be a Bubble Conversely, the Indian stock market suffered strong losses the following day, with Sensex and Nifty 50 falling over a per cent each and the overall market capitalisation of BSE-listed firms plunging by as much as about ₹13.5 lakh crore in a single session. Also Read: Sensex, Nifty 50 fall over 1% each; why did the Indian stock market fall today? The domestic market appeared concerned that a delay in rate cuts could deter foreign capital inflows into it.

Axis Bank on Wednesday opposed before the Delhi High Court BJP leader Subramanian Swamy's public interest litigation (PIL) seeking a probe into an alleged fraud committed by the bank to make «undue profits» through sale and purchase of shares in Max Life Insurance. Senior counsel for Axis Bank as well as Max Life told a bench headed by Acting Chief Justice Manmohan that the PIL by the former BJP MP was not maintainable as the issue squarely fell in the realm of a commercial transaction between private entities. Senior advocate Mukul Rohatgi, appearing for Axis Bank and its related companies, argued that the PIL does not state the «class» of individuals for whose benefit it has been filed when the aggrieved shareholders, if any, were capable of coming to court. Senior advocate Neeraj Kishan Kaul, who appeared for Max companies, asserted that the transaction, which was a purely commercial arrangement, has been looked into by the sector regulator.

India Accelerator has partnered with the enterprise incubation centre (EIC) of Indian Institute of Management (IIM), Lucknow, to introduce a two-day Early Stage Venture Capital--Angel Investing Certification Programme. The residential programme at IIM Lucknow EIC (Noida) campus, to be held on April 6 and 7, will aim to expand the pool of angel investors by sharing knowledge on the startup investing landscape and opportunities for wealth creation with high-net-worth individuals (HNIs), ultra-high-net worth individuals (UHNIs), chartered accountants (CAs), family offices and startup mentors, said a press release issued by India Accelerator, the first Global Accelerator Network-partnered accelerator in India. India Accelerator was founded by Ashish Bhatia, Abhay Chawla and Mona Singh in 2017. It provides a dynamic and supportive ecosystem for entrepreneurs.

The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest rate cuts are imminent.

Narendra Modi and Defence Minister Rajnath Singh congratulated the DRDO scientists for the successful test. “Proud of our DRDO scientists for Mission Divyastra, the first flight test of indigenously developed Agni-5 missile with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology," PM Modi said. Several female scientists including one from the Defence Research and Development Organisation (DRDO).