Banking And Finance
India’s active credit cards cross 120 million in May
Mumbai: The number of in the country crossed 120 million in May, when net additions surged 34% year-on-year to 1.02 million, even as grew just 6.3% on year, data from…
Suryoday SFB board approves plans to raise up to Rs 500 crore via equity and debt
Kolkata: The board of on Thursday approved for raising up to Rs 300 crore and issuing for raising up to Rs 200 crore. The share sale can happen by way…
Should you invest in last year’s top mutual fund? Experts warn against this common mistake
Every year, mutual fund rankings create a familiar temptation. A delivers 30-40% returns, a thematic fund doubles investors’ money, and investors begin asking the same question: Should I move my…
RBI proposes to further enhance money market participation, liquidity
Mumbai: The Reserve Bank on Thursday proposed to further enhance the depth of participation and liquidity in the segment, as well as expand the participant base. Prudential limits in respect…
Market
El Niño risk looms: How to monsoon-proof your portfolio?
The sharp spike in triggered by the West Asia conflict had threatened to cause a balance of payments problem for India with serious economic consequences. The stock market was impacted…
SpaceX credit derivatives start to trade after debut bond sale
Credit-default swaps tied to Elon Musk’s SpaceX have begun actively trading after the company sold high-grade bonds this week for the first time, according to people familiar with the matter,…
Advit Jewels IPO: Issue booked 213 times on Day 03; NII, QIB portions see huge demand, GMP signals 38% premium
The initial public offering of Advit Jewels, which was fully booked on the first day, continued to attract strong investor demand through the final day of bidding, as the issue…
RBI proposes opening term money market to NBFCs, companies
Mumbai: The Reserve Bank of India (RBI) on Thursday proposed allowing a wider set of market participants, including non-banking financial companies (NBFCs), housing finance companies (HFCs), All India Financial Institutions…
Market
Vedanta’s Navin Agarwal bets big on rare earth magnets, sets up firm eyeing PLI
Mumbai: As India seeks to build its rare earth magnet industry, ‘s executive vice-chairman Navin Agarwal is betting ₹1,250 crore in his personal capacity as an initial investment in a…
Zombie unicorns are haunting Silicon Valley
FANTASTIC BEASTS roam Silicon Valley. Locals are familiar with the unicorn, a startup valued at more than $1bn, the decacorn ($10bn) and even the hectocorn ($100bn). Lately, however, another creature…
Tata AutoComp expands EV and premium vehicle play via JVs, acquisitions
Tata AutoComp expects its series of acquisitions, joint ventures and overseas engineering centre expansions over the past year to deepen its presence in electric vehicle components and premium automotive interiors,…
India can still build AI winners despite US, China lead, says Accel’s Subrata Mitra
As capital pours into India’s artificial intelligence and deeptech startups, the country’s chances of producing globally significant AI companies are improving—even if the race to build large language models is…
Axis
