Thursday, 18 July 2024
Trending
Stock Market

SBI falls 3%; Sensex and Nifty are in red

  • Infosys has decided to provide its workers quarterly performance incentives for the July-September period.
  • The unauthorized loan risk weighting was increased from 100% to 125% by the RBI.
  • Financials will be negatively impacted by the RBI’s decision to increase the risk weighting on unsecured loans.

The Economic Times reports that Infosys has decided to provide its workers quarterly performance incentives (up to 80% on average) for the July-September period. Employees level 6 (PL6-manager) and lower are covered by the variable pay.

The unauthorized loan risk weighting was increased from 100% to 125% by the Reserve Bank of India (RBI) for both banks and non-banking financial firms (NBFCs).

RBI’s Decision

Investment banks, asset managers, and hedge fund traders have come to love Dubai because of its ease of doing business, tax-free status, and appeal as a worldwide travel center.

Product lines produced by Mobius, a class A foundry firm, include CI brake blocks, MG coupler components, WDG4 loco adapter, electrical loco bearing housing, and corner casting for container motor hub traction motors. For Rs 133–140 per share, the company’s initial public offering (IPO) is scheduled to begin on November 22.

For India’s macroeconomic and industries that depend on petroleum inputs like paints, tires, and aircraft, the dramatic drop in Brent oil to $77.5 is encouraging.

Financials will be negatively impacted by the RBI’s decision to increase the risk weighting on unsecured loans. Falling US bond yields have an impact on FII purchases, and shortly, there is likely to be increased buying in the IT, car, telecom, and construction-related sectors.

Related posts
Stock Market

Market Update: Sensex Surges, Nifty IT Hits Milestone, Company Earnings Show Mixed Results

Sensex gains 600 points, Nifty rises above 24,750. Nifty IT Index surpasses 40,000 mark for the…
Read more
Stock Market

Asian Shares Surge as Nikkei Hits Record Highs Following Wall Street Rally

Nikkei 225 surpasses 42,000, a historic milestone. Tech giants like Nvidia drive Wall Street to…
Read more
Stock Market

Market Movers: Key Stock Highlights and Financial Updates

Oriental Carbon surges over 50% in July after NCLT demerger approval. Ganesh Housing Corp’s…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

Stock Market

Beginning of the Last Samvat to March 2023, Markets Were Under Pressure

Worth reading...