The cuts are one the largest to its China-focused investment banking team and follow similar measures by other banks also stung by decline in deal making activities in China amid a slowing economy ..read more

The strikes reported around targets in Isfahan prompted a jump of more than 4% in crude to above $90 a barrel, before erasing that gain to trade lower on the day as Iranian media seemed to downplay the incident. While central bankers won’t have lost sleep at the level it reached, the backdrop isn’t comforting ..read more

Out of this, Rs 66,806 crore was secured through QIPs. Notably, the peak for QIP fundraising was in FY21, with companies raising Rs 78,045 crore. FY23 saw a 6-year low equity fundraising ..read more

At present, AIFs have to intimate any change in the terms of PPM through a merchant banker to Sebi, along with a due diligence certificate from them. It has to be done on a consolidated basis within one month of the end of each financial year ..read more

Lakshmi Iyer suggests strategies for lump sum investments in equity and debt portfolios, emphasizing largecap skew in equity allocation. Discusses concerns about inflation, bond yields, and foreign investors anchoring bond yields. She points out that after 20 years, we are seeing the future price of copper trade about $100 higher. It is in some sort of a contango mode. The seasonality of food prices will continue to weigh on sentiments from every central banker perspective and hence the plateauing or an extended pause seems to be the way out for rates ..read more

The smooth execution of such deals dispels long-held concerns about Mumbai's ability to handle mega stock trades without causing massive disruptions in prices that previously took weeks to heal ..read more

The stock hit its 5% upper circuit while witnessing a 1.47 times spurt in the volumes on India's oldest exchange ..read more

India's credit growth, supported by economic expansion and retail lending, faces NPA challenges. The FICCI-IBA survey predicts a positive banking outlook with a resilient economy, robust investment, and optimistic non-food industry credit growth ..read more

Education-based NBFC Avanse said it will use the funds to shore up its position in the education financing segment through sustained profitable growth with a focus on improving customer experience ..read more

Abu Dhabi's Mubadala Investment Company and Avendus Future Leaders Fund II invest Rs 1,100 crore in Avanse Financial Services, an education-focused NBFC. The funding aims to enhance customer experiences and drive profitable growth. Avanse, with an AUM of ₹12,147 crore, plans to go public to raise Rs 4,000 crore, potentially becoming India's first listed education-focused NBFC ..read more