Articles for tag: Card, Credit, Delinquencies, Festival, Growth, Loom, ominously, Prospects, Regulatory, Rising, Scrutiny, Season, Spending, Surge

September 27, 2024

Credit card spending may surge during the festival season, but rising delinquencies and regulatory scrutiny loom ominously over growth prospects.

Credit card spending is anticipated to increase during the upcoming festival season, driven by discretionary purchases and promotional offers. However, growth may be tempered due to stricter regulations on unsecured lending and rising delinquencies in credit card payments. In August 2024, credit card transactions rose by 13.51% year-on-year, but there was a slight decline compared ...

September 21, 2024

Market News

Business

Overseas funds are surging back into India’s trillion market, driven by political stability and promising growth prospects.

Overseas funds are surging back into India’s $5 trillion market, driven by political stability and promising growth prospects.

Overseas funds are making a strong comeback in Indian stocks, as net foreign purchases reach $8.5 billion this quarter, the highest since mid-2023. Investors are encouraged by Prime Minister Narendra Modi’s stable government and India’s growing economy, which is set to become the third-largest globally by 2028. Despite Indian equities being pricier than many emerging ...

September 17, 2024

Market News

Business

Caste inequality in India shapes economic prospects, prompting debates on focusing support for lower castes versus broader poverty alleviation.

Inequality in economies often stems from inherited advantages, not just wealth but also social status. In India, caste plays a significant role in shaping economic opportunities, particularly for those from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC), collectively known as lower castes. While affirmative actions aim to uplift these groups, there ...

September 5, 2024

Market News

Business

Government ITIs excel in new grading, boosting employment prospects and skills training for millions, signaling a brighter future.

Industrial Training Institutes (ITIs) in India have shown improved performance, signaling better employment prospects for students. In the latest grading by the Ministry of Skill Development and Entrepreneurship, nearly 19% of approximately 15,000 ITIs scored above 8 out of 10, up from 12.4% last year. The highest scorers, with grades of 9.6, are located in ...

August 30, 2024

Market News

Business

HCLTech Soars: Brokerage Upgrades Target Amid Promising Growth Prospects!

Nuvama, a domestic brokerage, has upgraded its target price for HCL Technologies (HCLTech) to Rs 2,020 per share, a 15.5% increase from the previous Rs 1,800. The upgrade reflects HCLTech’s robust growth potential and improved capital allocation strategy. Key drivers include significant growth in data, AI, and cloud services, with management predicting double-digit industry growth ...