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

Market News

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

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 ...

Market News

CNG vehicles surge in India, outpacing petrol sales, driven by affordability, cleaner emissions, and expanding refueling infrastructure.

CNG vehicles surge in India, outpacing petrol sales, driven by affordability, cleaner emissions, and expanding refueling infrastructure.

Compressed natural gas (CNG) is rapidly gaining popularity among Indian car buyers, with sales of CNG vehicles rising by 46 percent in the first eight months of the year. This surge comes as petrol vehicle sales declined by 4.5 percent. Factors driving this trend include new car launches, increased CNG fueling stations, and manufacturers focusing ...

Market News

BJP’s Reddy Rips Rahul: ‘Ask Terrorists About Modi’s Fear,’ as Political Tensions Surge Ahead of J&K Rally!

In Jammu, Union minister G Kishan Reddy responded strongly to Rahul Gandhi’s recent comments criticizing Prime Minister Narendra Modi. Reddy suggested that Gandhi should engage with various groups like farmers, soldiers, and scientists to understand the confidence and support Modi enjoys among the public. He claimed Gandhi’s remarks reflect a misguided perception, arguing that Modi’s ...

Market News

Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.

Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.

Foreign portfolio investors (FPIs) injected over Rs 87,000 crore (over $10 billion) into Indian equities this quarter, marking the highest inflow since June 2023. Key factors driving this investment include improved growth prospects, increased global index weight, and a robust IPO Market, with 50 companies raising Rs 53,453 crore by August 2024. Despite a sluggish ...

Market News

India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.

India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.

India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...

Market News

Infosys’ Cobalt platform propels AI adoption, transforming business models, as executives anticipate a surge in GenAI demand.

Infosys’ Cobalt platform propels AI adoption, transforming business models, as executives anticipate a surge in GenAI demand.

Infosys, India’s second-largest IT services provider, is successfully leveraging its Cobalt platform to enhance artificial intelligence (AI) and generative AI (GenAI) initiatives. Launched four years ago, Cobalt helps clients transition to cloud-led digital transformations. Anant Adya, executive vice president at Infosys, explained that Cobalt now supports “grow, disrupt, and transform” projects, shifting from traditional IT ...

Market News

Bajaj Auto’s Rakesh Sharma discusses the surge in electric scooter sales, challenging startup rivals’ predictions about the demise of ICE vehicles.

Bajaj Auto’s Rakesh Sharma discusses the surge in electric scooter sales, challenging startup rivals’ predictions about the demise of ICE vehicles.

Bajaj Auto is experiencing a significant surge in electric scooter sales, driven by the launch of models priced below Rs 1 lakh and an expanded distribution network. Rakesh Sharma, the executive director, shared insights in an email interview about the company’s ambitious plans for the electric vehicle (EV) Market. He addressed concerns raised by competitors ...

Market News

SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.

SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.

SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...

Market News

KKR bets on industrial assets and digital infrastructure, predicting a 0 trillion investment surge by 2040 amid evolving markets.

KKR bets on industrial assets and digital infrastructure, predicting a $100 trillion investment surge by 2040 amid evolving markets.

KKR & Co. has significantly increased its investment in digital infrastructure, focusing on assets like fiber connectivity, data centers, and logistics. According to Raj Agrawal, KKR’s global infrastructure head, industrial assets such as storage facilities are becoming crucial as Fortune 500 companies seek to sell these for better financial stability. The shift towards renewable energy ...

Market News

Hotel Investments Surge in India: A 3 Million Transformation Ahead!

Hotel Investments Surge in India: A $413 Million Transformation Ahead!

In the first half of 2024, hotel investments in India reached $93 million, showing strong interest from various investors. Listed companies led the transactions, accounting for 44 percent of the total. The JLL report predicts total investments for the year will hit $413 million, a 22 percent rise from 2023. The upscale hotel segment dominated ...

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