BNP Paribas fears lofty valuation of India’s equity markets

BNP Paribas fears lofty valuation of India’s equity markets

BNP Paribas, one of France’s largest banks and global equity research house, says that India’s premium valuation to the global peers and other Asian markets is unsustainable. Even as markets in the US, Europe and other Asian countries are down between 7 per cent and 23 per cent year to date, India’s Sensex and Nifty … Read more

Market cap of six of top-10 most valued firms tumble by ₹2 lakh crore

Market cap of six of top-10 most valued firms tumble by ₹2 lakh crore

Six of the top-10 most valued firms suffered a combined erosion of ₹2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid weak trend in equities. Last week, the Sensex fell 952.35 points or 1.59 per cent. While Reliance Industries, TCS, HDFC Bank, Hindustan … Read more

Was Rakesh Jhunjhunwala India’s last stock market billionaire?

Was Rakesh Jhunjhunwala India’s last stock market billionaire?

It’s tough to become a billionaire but almost impossible if you want to take the Dalal Street route to riches as the late Rakesh Jhunjhunwala did by starting with just Rs 5,000 and a CA degree in his pocket. While a small motley group of traders and investors have become crorepatis in the last few … Read more

HDFC Bank partially recovers market share in credit card spends lost to embargo

HDFC Bank partially recovers market share in credit card spends lost to embargo

The country’s largest credit issuer, HDFC Bank, has regained a large chunk of the market share in credit card spend that it had lost after an embargo was imposed on it for issuing new credit cards. The ban was subsequently lifted by the Reserve Bank of India in August 2021. The latest RBI data … Read more

gartner: Two-thirds of CMOs aim to boost marketing technology spending: Gartner

gartner: Two-thirds of CMOs aim to boost marketing technology spending: Gartner

About 68% (two-thirds) of the chief marketing officers (CMOs) aim to increase their technology spending on marketing this year, a new report said on Monday. In 2021, Gartner estimated that Martech (marketing tech) made up 26.2% of the average marketing budget. This is clearly not enough, as CXOs want to expand their Martech stack further. … Read more

tcs: Mcap of seven of top-10 valued firms tumbles over Rs 1.54 lakh cr

tcs: Mcap of seven of top-10 valued firms tumbles over Rs 1.54 lakh cr

Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors and emerging as the biggest laggards. Last week, the BSE benchmark index tanked 812.28 points or 1.36 per cent. Limited, and were the only gainers in the top-10 pack. The market valuation of … Read more

HDFC leads the credit card market while SBI tops the chart in the debit card market

HDFC leads the credit card market while SBI tops the chart in the debit card market

The State Bank Of India (SBI) the largest bank in the nation, maintained its leadership position in the debit card market and HDFC Bank in the credit card market as of June 2022, according to the most recent data, despite a 6% decline in year-over-year growth. According to data compiled by PGA Labs, public sector … Read more

Mcap of five of top-10 firms declines ₹30,737.51 cr last week

Mcap of five of top-10 firms declines ₹30,737.51 cr last week

Five of the top-10 valued firms together lost ₹30,737.51 crore in market valuation last week, with Reliance Industries Limited taking the biggest hit. In the holiday-shortened week, the Sensex advanced 183.37 points or 0.30 per cent. While Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of Indiaduck Bajaj Finance were the laggards from the … Read more

ipo: Three companies file papers to raise Rs 7,500 cr as buzz returns to IPO market

ipo: Three companies file papers to raise Rs 7,500 cr as buzz returns to IPO market

Mumbai: The activity in the primary market has picked up of late boosted by the rebound in equities in the past two months. Go Digit General Insurance, Concord Biotech, an Ahmedabad-based firm backed by RARE Enterprises, and Kolkata-based Balaji Solutions have filed their draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange … Read more