Digant Haria, Founder of GreenEdge Wealth Services, believes financial stocks are unlikely to drive the next bull run due to structural and cyclical challenges in the sector. In an interaction with CNBC-TV18, Haria explained that tight liquidity, regulatory changes, and the dominance of public sector undertaking (PSU) banks will keep growth in check. While some […]
Thomas Cook launches Borderless Travel Card: A look at other forex cards for international trips – CNBC TV18
1 / 8 Key features of Thomas Cook Borderless Travel Card | The card supports 12 global currencies and is accepted at over 70 million Mastercard and Visa merchants worldwide. It offers free emergency cash assistance and card replacement for lost or stolen cards. Travellers receive a complimentary global SIM card and access to airport […]
What’s next for IndusInd Bank? Bernstein analyst on key triggers and risks – CNBC TV18
A key factor that could drive IndusInd Bank’s recovery is the appointment of a new CEO with a longer-term tenure, according to Pranav Gundlapalle, Senior Analyst for India Financials at Bernstein. He believes that bringing in an external candidate with stability and credibility could restore market confidence. Bernstein maintains an outperform rating on IndusInd Bank […]
NCLAT upholds ICICI Securities delisting – CNBC TV18
ICICI Securities shows a strong recovery from its lowest point. The National Company Law Appellate Tribunal (NCLAT) has upheld the decision to delist ICICI Securities from stock exchanges, clearing the way for its merger with ICICI Bank. To give some background, in June 2023, ICICI Securities announced plans to delist and become a wholly-owned subsidiary […]
Stocks to Watch on Feb 20: Bharat Forge, Mahindra Group, Waaree Energies, Orchid Pharma and more – CNBC TV18
SUMMARY We have compiled a list of key stocks to watch out for on Thursday, Feb 20, including Bharat Forge, Waaree Energies, Sundaram-Clayton, Orchid Pharma, and others. 1 / 6 Bharat Forge | The defense company’s unit, Kalyani Strategic Systems, has signed a Letter of Intent (LOI) with AM General, USA, for the supply of […]
Prudential is said to hire Citigroup for $1 billion India IPO – CNBC TV18
Prudential Plc has hired Citigroup Inc. to help work on a potential initial public offering of Indian unit ICICI Prudential Asset Management Co., according to people familiar with the subject. Company Value Change %Change A listing could raise about $1 billion, the people said, asking not to be identified because the matter is private. Preparations […]
Rahul Chadha’s investment strategy for industrial and consumer stocks – CNBC TV18
Shikhara Investment is taking a selective approach to the consumption space, favouring autos, hospitality, hotels, travel, and tourism, while staying cautious on certain consumer staples due to high valuations. Founder and CIO Rahul Chadha, pointed out that some segments, like paints, value retail, and quick commerce, face rising competition and margin pressures, making them less […]
Four of ten most valued firms lose Rs 1.25 lakh crore in market valuation – CNBC TV18
The combined market valuation of four of the top 10 valued firms declined by ₹1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors’ sentiment at Dalal Street. Company Value Change %Change Last week, the BSE benchmark index declined by 428.87 points or 0.55%, and the Nifty dipped 111 […]
Kotak Mahindra Bank outperforms peers in Q3FY25 with strong growth across key metrics – CNBC TV18
With the third quarter (Q3FY25) results of major private sector banks announced, Kotak Mahindra Bank (KMB) has emerged as the leader of the pack, delivering impressive growth across critical business parameters. Company Value Change %Change Indian banks are facing headwinds in recent quarters vis-à-vis securing deposits. Kotak Mahindra Bank, however, has shown remarkable momentum, with […]
ICICI Bank Q3 results preview: Net profit may rise 10%, asset quality likely to remain stable – CNBC TV18
ICICI Bank is set to announce its financial results for the October-December quarter (Q3FY25) on Saturday, January 25. Analysts expect the bank to report a healthy growth in profit, driven by strong loan growth and stable asset quality. According to a CNBC-TV18 poll, ICICI Bank’s Profit After Tax (PAT) is expected to grow by 10.3% […]