Through techniques like "letters of comfort," "letters of undertaking," and stock collaterals, businesses can cut the cost of borrowing on bank loans and bonds while also raising their credit ratings a few notches.
Analysts at IIFL Capital Services cite their conservative assumptions for oil/GRMs as the key reason for this. The decision to levy excise duty, however, supports the argument that earnings visibility for the sector remains poor and sensitive to such policies.
IRDAI may soon consider a proposal that seeks to have a single limit for expenses made by insurance companies.
The key indices pared early gains and slipped into the negative terrain in morning trade. The Nifty slipped below the 15,700 level after hitting the days high of 15,797.45 in early trade. Metal shares witnessed significant selling pressure. At 10:28 IST, the barometer index, the S&P BSE Sensex, was down 117.84 points or 0.22% to 52,790.09. The Nifty 50 index lost 56.35 points or 0.36% […]
Recently, JSA has been granted Environmental Clearance to expand its existing foundry operations at SIPCOT.
In the first quarter of 2022—23 (FY23), early-stage venture capital (VC) investments in India increased by almost a third compared to the same period in the previous year as investors became more cautious and placed smaller but longer-lasting commitments.
However, a low base from last year and the impact of the COVID second wave-driven demand led to an increase of 14% in the June quarter.
IDFC First Bank gained 4.48% to Rs 33.80 after the total customer deposits rose 20.6% to Rs 1,02,363 crore as on 30 June 2022 as against Rs 84,893 crore as on 30 June 2021.

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
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+91 9892691696
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