BUSINESS
Retail investor exuberance pushing up broader market
Inspite of recent underperformance, safety is now in large caps. Since FIIs turned buyers in the cash market on two days recently, they are unlikely to sell big and may again buy on favourable developments, he said.
IBC Expected to Drive Surge in Personal Guarantor Recovery Cases
However, the recovery rate from personal guarantors under the IBC currently remains low at 5.22 per cent.
CEA Nageswaran Highlights Startups Vital Role in India's Ascent to Third-Largest Economy
Speaking at the Huddle Global 2023 event hosted by the Kerala Startup Mission (KSUM), Nageswaran emphasized the emergence of Tier-2 and Tier-3 cities, including Thiruvananthapuram, as burgeoning hubs for startups.
Rise in Delinquencies Noted in Unsecured Loans, Particularly in Small Ticket Personal Loans
Despite small ticket personal loans contributing about 25% of the incremental origination volume in the past two years, their value accounted for only 2.5% of the overall system personal loans.
Superstar Investors Favor Companies with Minimal or Zero Debt
Vijay Kedia, for instance, exemplifies this preference with his top three holdings—Atul Auto, Tejas Network, and Elecon Engineering—each boasting negligible debt or being entirely debt-free.
IndiGo Achieves Milestone in Indian Aviation, Surpasses 2,000 Daily Flights
The latest OAG Data for October 2023 places IndiGo among the top 10 airlines globally in terms of both frequency and seat capacity.
Israeli Shekel Rebounds to Record High Against USD Amid Ongoing Conflict
Official rates from the country's central bank indicate that the Israeli currency's ongoing appreciation against the US dollar reached 3.728 shekels per USD on Friday, as per reports from Xinhua news agency.
ED Seizes 100% Ownership of M.G.M. Maran, M.G.M. Anand's Shares in 4 MGM Group Companies Amid Money Laundering Probe
The ED clarified that it has taken possession of the complete shareholdings of Maran and Anand in four Chennai-based group entities
Qatar Imposes Rs 239 Crore Tax Penalty on L&T
L&T swiftly appealed against the imposition of these penalties, asserting their belief in the arbitrary and unjust nature of the charges.
Ashneer Grover Claims No Flight Risk, Responds to EoW Summon Received in the Morning
Expressing surprise at the situation, Grover mentioned that despite multiple international travels post the FIR filing in May, this was the first instance where such an issue occurred.
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