Share Market

According to the study by Oracle and author Seth Stephens-Davidowitz, around 90 per cent of business leaders in India have suffered from decision distress -- regretting, feeling guilty about, or questioning a decision they made in the past year. Nearly 82 per cent admit the sheer volume of data and their lack of trust in data has stopped them from making any decision. The survey polled 14,000 employees and business leaders across 17 countries, including 1,000 in India.

The Indian rupee may gain some ground due to year end repatriations and once the supply dwindles the currency may become weaker again, it said. According to the report, the US dollar has conceded some ground to the other major currencies compared to the levels that were prevailing almost a month back.

"Indian equity markets overall are likely to trade in a range-bound manner in the near term. From the 10 per cent fall from their peak, the bounce back was sharp with selling pressure at higher levels as well. This trend of buying at lower levels and selling pressure at higher levels is likely to continue in the near term," the report said.

Fundraising's momentum has all but come to a halt, with only $11.7 billion closed across 99 funds, according to PitchBook-NVCA Venture Monitor. Nationwide, there were an estimated 3,888 deals valued at $37 billion, down from 5,243 deals valued at $82.4 billion a year ago, according to the figures.

India's e-commerce logistics space is on track to comfortably exceed 10 billion shipments by FY28 at a minimum compound annual growth rate (CAGR) of 20 per cent, according to the latest report by Redseer Strategy Consultants. Despite intensifying competition threats, Delhivery remains the largest player in the e-logistics space by a comfortable margin.

The merchant gross merchandise value (GMV) for the quarter (for three months ended March 2023) grew 40 per cent YoY to Rs 3.62 lakh crore ($44 billion). Loan distribution, in partnership with lending partners, also witnessed accelerated growth with disbursements of Rs 4,468 crore (increased 206 per cent YoY) in March 2023, according to the company as it announced its business operating performance for Q4FY23.

The funding is in addition to the $35 million BlackSoil raised during the first half of FY23. The company has recently invested in modern sectors such as battery swapping, online travel agency (OTA), health technology, and deep technology.

Among the PSBs, SBI tops the list with an unclaimed amount of Rs 8,086 crore, while Punjab National Bank has Rs 5,340 crore and Canara Bank has Rs 4,558 crore. According to a written reply by the Minister of State, Finance, Bhagwat Karad in Lok Sabha on Monday, SBI has informed that it assists the family of the deceased in settling all cases of claims. "Settlement of account(s) of deceased constituent are taken up on priority by SBI.

In a research report, Acuite Ratings said India's current account deficit narrowed significantly to $18.2 billion (2.2 per cent of gross domestic product-GDP) in Q3 FY23 from $30.9 billion in Q2 FY23 (3.7 per cent of GDP).

What one saw on Friday was a combination of the first day of the new financial year, a renewed push by bulls to dominate, a large part of NAV supported by mutual funds and above all, hope that the new financial year would be a better one. To support all of this, Dow had a great week as well. The markets gained on three of the four trading sessions and were sideways on the fourth session. Friday was a special day with markets registering huge gains.