PSB stocks sustain rally on hopes of another re-rating

PSB stocks sustain rally on hopes of another re-rating

Public sector banks have continued their good run on the bourses this year with the Nifty PSU Bank index gaining 33 per cent in the year to date. For two- and three-year periods, the index is up 123 per cent and 226 per cent, respectively. “The difference in financials and asset quality between public and […]

Crisil Ratings downgrades Bandhan Bank’s NCD rating

Crisil Ratings downgrades Bandhan Bank’s NCD rating

Crisil Ratings has downgraded its rating on non-convertible debentures of Bandhan Bank Ltd to ‘Crisil AA-/Stable’ from ‘Crisil AA/Negative’ and reaffirmed its ‘Crisil A1+’ rating on the certificate of deposits. The rating action reflects the longer than anticipated delay in restoration of asset quality and overall profitability of the bank, to pre-Covid levels. Despite momentary […]

Stock Market Live Updates: Asian stocks tread cautiously as Japan’s central bank eyes policy shift

Stock Market Live Updates: Asian stocks tread cautiously as Japan’s central bank eyes policy shift

*Researchbytes Analyst App * https://play.google.com/store/apps/details?id=com.intelegain.rb Recent Interview… As of 17:57 PM Friday 15 December 2023 CenturyPlyboard: Keshav Bhajanka, ED Nobody Expected The Boom, Especially In The Real Estate Market: Century Plyboards Federal Bank: Shyam Srinivasan, MD & CEO Federal Bank’s MD & CEO Shyam Srinivasan On Growth & Expansion Plans Of The Bank Fusion Micro […]

Rupee logs best single-day gains in over 8 months

Rupee logs best single-day gains in over 8 months

The rupee on Friday logged its biggest single-day gain in over eight months, propelled by robust dollar inflows and a continuing rally in the domestic equity markets. The rupee closed at 83 per dollar , 33 paise stronger compared with the previous close of 83.33. the rupee appreciated below the 83 level to an intraday high […]

CottonConnect launches digital traceability platform TraceBale

CottonConnect launches digital traceability platform TraceBale

CottonConnect, which helps global brands source cotton fairly and sustainably by creating robust and resilient raw material supply chains, has launched a traceability platform, TraceBale. The platform is now available as a tool to all in the apparel industry to help brands address the growing challenges around trust and transparency in the supply chain. The […]

G-Sec yields decline, tracking US Treasury yields

G-Sec yields decline, tracking US Treasury yields

Government Securities (G-Secs) yields dropped on Thursday, following sharp decline in US Treasury yields after the US Fed left the benchmark interest rates unchanged at 5.25- 5.50 per cent for the third straight meeting even as its rate setting panel signalled it expects 75 basis points rate cut in 2024 from the current levels. The […]