Indian banks set for core earnings rebound of 17% annually through FY29
Goldman Sachs projects Indian banks' core earnings growth to hit 17% YoY over FY26-29, marking a sharp reversal from recent trends.
Business
AI Demand Seen Outweighing Revenue Pressure for Indian IT by FY30
CLSA report says AI-led volumes could offset revenue deflation for Indian IT by FY30, with growth inflection expected in FY28.
Auto NBFC Disbursements Rise 20.7% in Q1FY27 as Portfolio Mix Broadens
Auto NBFC Q1FY27 disbursements grew 20.7% YoY to ~Rs 1.04 lakh crore, with AUM up ~17% and PAT surging 53.4%.
Why Rising Bond Yields Are Squeezing Borrowers and Rattling Markets
Bond yields are climbing worldwide, raising U.S. borrowing costs and threatening consumer spending. Here's how it affects you.
Indian Private Credit Funds Embrace AI for Deal Sourcing and Underwriting
EY survey finds Indian private credit funds increasingly using AI for deal sourcing, data analysis, and credit assessment, with adoption varying across the market.
FCNR inflows, credit demand brighten FY27 outlook for Indian banks
ICICI Securities sees FY27 bank earnings improving on FCNR inflows, ~15% credit growth, and benign asset quality.
AI capex slowdown could hit India's cyclical recovery: Nuvama
Nuvama warns a global AI capex slowdown could derail India's cyclical recovery, citing weak domestic demand and concentrated investment.
NBFC Growth Outlook Steady; Margin Pressures, Asset Quality in Focus
NBFCs are expected to maintain steady growth with healthy credit demand, though margin pressures and asset quality remain key monitorables.
Hyundai Motor Union Holds First Full Strike in a Decade
Hyundai's South Korean union stages first full strike in 10 years over wages, retirement age, and AI job security.
Guzman y Gomez annual profit jumps 30% on strong Australia network sales
Guzman y Gomez reported a 30% rise in annual underlying profit, driven by strong Australian network sales, sending shares to a near one-year high.
Oil prices steady but set for weekly gain as US-Iran conflict drags on
Oil prices were flat on Friday but on track for a second weekly rise as the unresolved US-Iran war keeps supply from the region curtailed.
Dollar slips as Treasury buyback plan fails to calm debt worries
The dollar is set for a weekly loss as Treasury buybacks fail to reassure investors worried about US debt and fiscal credibility.
Asian Markets Head for Weekly Losses as Bond Yields, Oil Prices Stay Elevated
Asian shares are set for weekly declines as persistent bond market stress and high oil prices weigh on sentiment.
EQT Holdings receives second takeover offer in a week, from BGH Capital
BGH Capital proposes A$24.75 per share for EQT Holdings, topping TPG's offer, as the firm faces regulatory and legal headwinds.
Gold Holds Steady, Set for Third Straight Weekly Gain
Gold prices held steady on Friday, heading for a third consecutive weekly gain, supported by a weaker dollar and Treasury buyback plans.
ACCC takes Subaru Australia to court over repair data access
Australia's competition watchdog sues Subaru's local unit, alleging it breached mandatory repair information sharing rules.
Gold Steadies Near Two-Month High as Treasury Move Weighs on Yields
Gold hovers near its highest since June after the U.S. Treasury doubles liquidity support for long-dated bonds, pushing yields and the dollar down.
AIA's Half-Year New Business Value Up 10% on Broad-Based Growth
AIA Group's H1 VONB rose 10% to $3.21 billion, led by strong Hong Kong performance and broad segment growth.
Global bonds steady after US Treasury doubles long-duration buybacks
US Treasury's move to double long-bond buybacks calms markets, pulling yields down and lifting stocks, though debt concerns persist.
Oil prices hold steady as Middle East tensions keep markets on edge
Oil prices were little changed on Thursday as investors weighed Middle East risks against ample US crude stockpiles.