Trade Financial News
27.02 / 00:43
UPS
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rights
Top lenders step up credit card issuance as stress expected to ease
Top lenders are actively expanding their credit card portfolios, anticipating stabilisation of stress in the unsecured lending segment. Data from the Reserve Bank of India for January show that the three leading credit card issuers — HDFC Bank, SBI Cards and ICICI Bank — accounted for nearly 90% of all new credit cards issued that month. The industry added 8.2 lakh new cards in January, with HDFC Bank leading with 3 lakh cards, followed by SBI Cards (2.4 lakh) and ICICI Bank (1.8 lakh). This brings the total number of credit cards in India to 10.89 crore, reflecting a year-on-year increase of 9.5%.
27.02 / 00:43
markets
COST
UPS
security
Analysis
Trade
Higher-rated NBFCs likely to gain more from RBI relief
risk weightage for bank loans, since capital to be assigned for AAA rated NBFCs will halve to 20% from 45%. Easier access to funds and lower costs could mean NBFCs could save 25-50 basis points on bank loans due to lower banking risk weightages for the sector. One basis point is 0.01 percentage point.
27.02 / 00:43
Assurant
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information
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rights
International
NCLT directs IIHL to put Rs 2,750 cr in RCap account
NCLT) on Wednesday directed IndusInd International Holdings Ltd (IIHL) to complete the acquisition of Reliance Capital by March 12 and deposit ₹2,750 crore towards equity investment it has offered into the financial services firm's account. The order of the NCLT's Mumbai bench comes after Hinduja Group-owned IIHL missed the February 25 deadline set by the NCLT in the last hearing to complete its acquisition of Reliance Capital. IIHL's lawyer informed the tribunal that the deal was incomplete due to pending documentation but is on the verge of closure.
27.02 / 00:15
markets
Analysis
Research
trends
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country
Fear Factor: Bears run show on Dalal Street
Indian equities is the strongest in recent years if a key long-term trend market indicator is to go by. Almost 86% of the country's top 500 stocks are trading below the 200-day moving average (DMA) — an indicator that shows the long-term trend of a stock or an index. It reflects the deep-rooted pessimism in the market at this juncture on account of unrelenting foreign institutional selling and growing risk-off sentiment among domestic investors. In the Nifty 500 index, 427 stocks are trading below the 200 DMA, while 68 are above it, according to Axis Technical and Derivatives.
26.02 / 18:39
26.02 / 16:31
markets
FIVE
economy
Sustainability
Trade
performer
Quebec pension giant hit by commercial real estate headwinds, braces for tariff turmoil
The Caisse de dépôt et placement du Québec posted a weighted average return of 9.4 per cent last year, which was below its benchmark portfolio’s 11.8 per cent return, with net assets rising to $473 billion.
26.02 / 16:13
markets
MET
FIVE
Trade
2020
strain
Mint Explainer: Why RBI has allowed premature redemption of sovereign gold bonds
Subscribe to enjoy similar stories. On 21 February, the Reserve Bank of India published a calendar for the premature redemption of sovereign gold bonds (SGB) issued between 16 October 2017 and 8 September 2020 in 34 tranches. The redemption of these bonds will be held between 16 April and 8 September.
26.02 / 13:15
markets
COST
NIC
Progressive
Trade
rock
Almost half of UK retail investors expect 'emergency financial' government measures to rock capital markets
According to a study from GraniteShares, a global issuer of Exchange-Traded Products (ETPs), just over a quarter (26%) of retail traders think a progressively more volatile UK stock market will increase trading levels during 2025, compared to 56% who said that trading levels will either stay the same of decrease (with 28% arguing for each scenario). UK consumer confidence dips in February as worries mount over rising NIC and energy costs US President Donald Trump's tariffs also raised eyebrows for retail investors, with 37% saying a trade war with the US would be the factor most like...
26.02 / 13:15
security
wellness
Trade
peace
Reeves to tout benefits of UK's increased defence spending at G20 South Africa summit
According to the Treasury, Reeves is expected to declare that a strong defence sector forms the «bedrock of economic growth», as well as argue in favour of «free and fair trade – the most reliable driver of global growth». «National security will always be the first responsibility of this government and is the bedrock economic growth,» Reeves will say, after Prime Minister Keir Starmer pledged to increase UK defence spending to 2.5% of GDP by 2027 the day before (25 February). Expectations for European defence spend surge as US-Russia 'peace' talks for Ukraine begin At the meeting,...
26.02 / 12:57
26.02 / 11:47
UPS
Strategy
Mobile
Chevron
Trade
2020
Updates
BP to slash green spending, pivot back to oil
Subscribe to enjoy similar stories. LONDON : BP said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its flagging share price. The struggling British energy company announced the moves Wednesday as part of a much-anticipated strategy update aimed at winning over investors.
26.02 / 09:13
markets
UPS
security
Analysis
economy
Trade
show
Most Asian markets rebound as Hong Kong tech rally resumes
stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the back of a surge in tech firms fuelled by fresh optimism over the sector in China. The rally led gains across most of Asia's markets, with investors shifting back to buy mode following a poor start to the week sparked by fresh US tariff concerns.
26.02 / 09:13
markets
Cooper
Action
security
Trade
Schools
International
EU’s vision for the Indo-Pacific must translate into concrete policy actions
India and the Indo-Pacific.
26.02 / 08:07
markets
Target
Analysis
Trade
Experts
reports
rights
Motilal Oswal sees value in oil & gas, favors HPCL and GAIL, citing limited downgrade risks
Motilal Oswal, it names Hindustan Petroleum (HPCL) and GAIL as its top picks. The report highlights that the sector is witnessing earnings resilience, aided by stable refining margins, favorable policy support, and improved gas transmission volumes.
26.02 / 08:07
26.02 / 07:57
markets
Merit
security
wellness
Trade
Relationships
Profiles
360 ONE’s B&K deal may narrow its valuation premium over Nuvama Wealth
Subscribe to enjoy similar stories. 360 One WAM Ltd and Anand Rathi Wealth Ltd were the listed pure plays in wealth management in India. However, that will no longer be the case with 360 One’s acquisition of B&K Securities and B&K Finserv.
26.02 / 07:29
26.02 / 07:29
26.02 / 07:29
markets
Provident
Manufacturing
Trade
innovations
Department
International
Government inks pact with Paytm for mentorship, market access, funding opportunities for startups
Paytm (One 97 communications Ltd) under which the company would provide mentorship, infrastructure support, market access, and funding opportunities to startups, an official statement said on Wednesday. The Memorandum of Understanding (MoU) was signed by the Department for Promotion of Industry and Internal Trade (DPIIT) with Paytm to foster innovation and accelerate the growth of manufacturing and fintech startups in India, the commerce and industry ministry said.
26.02 / 06:47
markets
UPS
Trade
show
rights
Stay invested or exit the market? What investors should do in a slump
Subscribe to enjoy similar stories. The questions I get these days often are along the lines of “What should I do about my portfolio now?" or “Should I get out of the market?" and “Should I stop my SIPs?" Before I tackle these questions, let us look at what has happened in the stock market in the recent past and why there is blood on the street. The first striking aspect is the substantial divergence between the moves of market indices and those of stocks in the last few months.
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