Latest Stock Market News

The company proposes to utilise the net proceeds towards the funding of repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions estimated to be Rs 170 crore.

Having said that, the reason why we feel that we are pretty confident in pent-up demand, because of the asset quality being much better than what we really expected and possibly also the fact that whatever had happened during the pandemic, I think that is all over now. We made all write-offs and provisions and we have nothing more to practically look at in terms of stability and once all these factors start kicking in, our cost-to-income ratios, as well as ROAs, everything will have a positive impact in terms of whatever guidance we have given.

The Nikkei fell 0.87% to 33,242.59, with chip-making equipment maker Tokyo Electron shedding 5.23% to become the biggest drag and the worst performer on the index.

Investors remained cautious ahead of interest rate decisions by major central banks this week, including the U.S. Federal Reserve on Wednesday and Bank of England, Swiss National Bank, Riksbank, and Norges Bank on Thursday.

Vaibhav Jewellers is one of the earlier entrants in the organised jewellery retail market of Andhra Pradesh and continues to focus on regional expansion into the high-growth untapped regions within the micro-markets of Andhra Pradesh and Telangana. About 77% of its retail showrooms are in tier 2 and tier 3 cities and the rest are in Hyderabad and Visakhapatnam catering to urban consumers.

This not only ensured the uninterrupted operation of their businesses but also laid the groundwork for a digital-focused future. Wealth managers took proactive steps by investing in digital operational frameworks and harnessing data-driven insights.

Indicating that price pressures remain a pain point even after a significant moderation from the peak, the Fed said it was watchful to inflation risks and was committed to bring it down to its target of 2% annual increase.

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. The momentum can sustain into next year and beyond as owners of Indian companies are keen to raise funds for other investments, said Abhinav Bharti, India head of equity capital markets at JPMorgan. Demand from local asset managers as well as foreign investors is also driving share sales, he added.