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The lack of growth drivers is yet to be fully factored in the valuations.
Lower borrowing costs can’t save India’s shadow banks in crisisIt’s imperative that the health of shadow banks improve because they form the backbone of the Indian economy and lend to everyone from small merchants to business tycoons. Prime Minister Narendra Modi needs to kick-start lend… Read MoreStocks in the news: YES Bank, Infosys, RIL, Wipro, Bharti Airtel, and YES BankYES Bank raised nearly Rs 4,100 crore through anchor allotments ahead of its follow-on public offer’s (FPO) opening on Wednesday.
from Stocks-Markets-Economic Times https://ift.tt/3ev0OY7
… Read MoreIndian stocks to lag rivals as stimulus falls shortDespite pouring about $1.98 billion into Indian stocks since late March, foreign investors are still net sellers this year with outflows of $2.75 billion. In March alone, they pulled out $8.35 billion, according to stock exch… Read MoreGovt must focus on growth, not credit ratings: Rajan“In this environment, focusing on a credit rating is just nuts. Your credit rating just does not depend on your level of debt, it depends on how you are going to grow out of the debt. We cannot worry about spending. We certai… Read MoreRenew to double power generation capacity to 20,000 MWRenew Power, India’s largest clean energy firm, plans to double its portfolio of running plants and projects under implementation to 20,000 MW in five years, an ambitious growth plan that has cheered its major investor Goldma… Read More
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