Intel Corp. is working with funding bankers to assist navigate probably the most troublesome interval in its 56-year historical past, in line with folks conversant in the matter. The corporate is discussing numerous situations, together with a cut up of its product-design and manufacturing companies, in addition to which manufacturing unit initiatives would possibly probably … Read more
A clutch of marquee funds have trimmed their holdings on the Nationwide Inventory Trade (NSE) in 2023-24, given the dearth of IPO visibility and the restricted life cycle of the funds. Elevation Capital has offloaded its complete holding of 68 lakh shares in the course of the yr, held via SAIF II SE Investments Mauritius, … Read more
International Banks and brokerages proceed to count on a shallow easing cycle of complete 50 foundation factors from the RBI by finish March 2025 even whereas noting that the RBI Governor Shaktikanta Das remarks on availability of “larger elbow room to pursue value stability” suggests easing of coverage charges is much off. Additionally learn:RBI’s financial … Read more
Goldman Sachs has pushed again its RBI fee lower name by one quarter to October-December 2024 from an earlier predicted interval of third quarter (July-September 2024) of this calendar yr. This world funding financial institution and overseas brokerage now sees the primary lower from Reserve Financial institution of India (RBI) more than likely within the … Read more
International brokerage Goldman Sachs sees web monetary financial savings of Indian households to have elevated to six per cent of GDP in 2023-24, considerably increased than the 18-year low of 5.1 per cent of GDP in 2022-23. This stance has been primarily pushed by its estimate of upper gross monetary financial savings of 12.5 per … Read more
Given India’s macro-economic resilience in opposition to a difficult international backdrop, home cyclical sectors in India will proceed to carry out higher. Financial institution outperformance may proceed on the again of robust earnings progress, pushed by high-teen mortgage progress and steady margins subsequent 12 months. Whereas the price of funds for banks is prone to … Read more