Subho Moulik, CEO of Appreciate, explains the increased interest of Indian investors in US markets, emphasizing diversification, higher returns, and advanced sector opportunities like AI and biotech. He highlights the importance of strategic risk management and regulatory frameworks. Moulik also discusses emerging trends, market opportunities, and the role of AI in transforming investment strategies.
IDFC First Bank's CEO V Vaidyanathan outlines the bank's strategic investments in new business lines like cash and wealth management, aiming for profitability and reduction in cost-to-income ratio over the next four years. Despite current challenges, particularly in the MFI sector, he remains confident in achieving growth targets, supported by strong deposit growth and asset quality.
Feathers and bloodstains from Baikal teals were found in both engines of the Jeju Air plane that crashed in December, killing 179 people. The pilots had encountered a bird strike and attempted an emergency landing before the plane exploded into flames upon hitting a concrete barrier.
Fundamentally, things are not all that bad post the kind of correction we have seen. Valuations have become reasonable on the largecap side at least if we see across the board and mid and smallcaps in selected pockets.
Bangladesh's interim government is preparing to remove Saima Wazed, the daughter of former PM Sheikh Hasina, from her WHO position amid corruption allegations. Wazed remains in her role as an ACC investigation continues, with political instability in Bangladesh drawing international scrutiny.
IDFC First Bank shares decreased by 7.2% following a 15% YoY decline in net profit due to higher bad loan provisions in microfinance. Despite a 14% increase in net interest income, the bank was impacted by elevated credit costs and operational expenses. Gross NPA ratio improved from 2.04% to 1.94%.
Shakti Pumps shares dropped by 5% to Rs 1,084.70 on the BSE despite a 130% YoY increase in net profit for Q3 2024. The company posted a net profit of Rs 104 crore and a revenue surge of 31%. However, the stock remains below its critical moving averages.
With a 2% negative return so far, January appears to end the same way as December which also closed 2% down. But despite the consecutive negative months, it must be noted that unlike October 204, which saw a 6.2% fall, the subsequent months close have not been too deep in the red, pointing to the presence of buying interest.
