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Global crypto exchanges looking at the Indian market are awaiting more clarity on crypto regulations to make entry and investment decisions even after the government announced a tax regime in the Budget.

Hindalco, M&M, Zomato, Piramal Enterprises, Hero MotoCorp, ABB, Page Industries, HAL, Trent, IRFC, Bharat Forge, MRF and Cummins are among the companies that will announce their December quarter results today.

Stocks lose steam in Asia before US inflation test

Updated at : 2022-02-10 09:25:02

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A tech-fuelled global stocks rally cooled in Asian trade on Thursday as investors took a more cautious posture amid uncertainties around the outlook for inflation and interest rates.

SBI Cards and Payment Services Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 81454.56 Crore) operating in Financial Services sector.

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he government is eyeing a valuation of over Rs 13 lakh crore to Rs 14 lakh crore for state-run Life Insurance Corporation of India (LIC). Although a final decision has not been sealed yet.

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Gold exchange-traded funds (ETFs) saw the highest-ever repurchase or redemption of Rs 671 crore in January 2022, leading to an outflow of Rs 451 crore. This was primarily driven by rising 10-year Indian government bond yields and expectations of a more hawkish US Fed stance. Redemption or repurchase refers to fund houses buying back ETF units from investors.

"There is no deference (in classification of Future Retail as NPA) or so. All of us (banks) have recognised the account as an NPA as on date," said a banker. Most of the lenders to the company have also made adequate provisions for it.

Oyo may cut IPO size, valuation as tide turns

Updated at : 2022-02-10 08:20:02

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The IPO issue size is expected to be much lower than $1 billion, these people said, while in its draft IPO papers with the markets regulator Oyo had sought to raise $1.2 billion.

‘All we can do is deliver on the fundamentals and if the valuation goes up or down with the broader market, there is nothing that we can do about it,’ Nayar told ET after her company announced its Q3 results for FY22 on February 8.

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While volatility has battered the U.S. retail horde of late, Indian market watchers including Dharmesh Mehta, chief executive of Mumbai-based DAM Capital Advisors Ltd., expect the torrid inflow of local moms and pops to continue.

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