After Monday’s sell-off, Indian equity markets may see some rebound today. Entering Tuesday’s session, SHX Nifty was marginally in green hinting at a flat to positive start for BSE Sensex and NSE Nifty 50. “Near term weakness might continue in Nifty given weak global economic cues, crude hovering around $100/bbl and rupee depreciating above 80 levels. Broader market which has been showing st...

The upward revision in the third-party insurance premium for two-wheelers, which has come into force from June 1, is unlikely to materially impact the demand, credit ratings agency ICRA NSE 2.51 % said on Friday.ICRA said it expects a 7-10 per cent year-on-year volume growth in the two-wheeler industry this fiscal, despite inflationary pressures and elongated semiconductors shortage due to the R...

NEW DELHI – Business recovery of Indian non-banking financial companies (NBFCs) is likely to gain traction in the next financial year, although a rise in Covid-19 infections poses a major downside risk for the near-term performance of retail NBFCs, rating agency ICRA NSE -0.70 % said.“Assets under management (AUM) growth in H1FY2022 was quite modest; growth outlook for the current fiscal rev...

Buyers from global companies and departmental stores such as Wikholm Form AB and Nordlys Design AB of Sweden, Landmark Group, Homecentre LLC and Homes R Us, Lals Group of the UAE, Rex London and Harewood International Products Ltd from the UK, and Midway Sales, Webbed Sphere Inc and Uttermost Company, USA, are visiting the IHGF-Delhi fair being held from October 28-31 at India Expo Centre & Mart, ...

MUMBAI: Yes Bank’s proposal to set up an asset reconstruction company (ARC) and transfer its pool of stressed assets, could reduce the necessity of increasing the provision cover on incremental slippages to keep the net bad loans below 6%, rating agency Icra said.“This will also prevent the weakening of the capital ratio arising out of such accelerated provisions. Yes Bank has taken shareholde...