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No longer a meme stock? ITC may hit fresh 52-week highs in 1-2 months https://ift.tt/uGZPVgv more than 2 decades, ITC has been in a price-wise to time-wise correction and from there it got its tag of meme stock on social media. But, the last year has been very different amid the strong price action as well as brokerage upgrades.

Exit Mode: FPI sales in 2022 first half at record Rs 2.1 lakh crore https://ifttt.com/images/no_image_card.png​​The selling so far in 2022 at Rs 2.1 lakh crore is the highest ever seen during the first-half of any calendar year and it is also the second-highest monthly outflow at Rs45,000 crore with the ninth straight month of selling by FPIs which began in October, totalling Rs 2.5 lakh crore of outflows during this period.

Tata Cliq likely to be integrated with Tata Neu https://ift.tt/TzdFp6G Cliq has exited the consumer electronics category, which formed 50-55% of its business, and its consumer electronics, smartphones and appliances division has been integrated with Croma, Tatas’ flagship consumer electronics retail chain, officials said.

Rate hikes unlikely to dent demand for homes: Parekh https://ift.tt/QaY3NKG for homes is also unlikely to be impacted by interest rate increases by the Reserve Bank of India (RBI) because current interest rates on home loans are still below pre-pandemic levels. However, the rise in interest rates could impact HDFC's margins in the short term because of a lag in transmission of rates, Parekh said.

India's external debt at $620.7 billion as of March 2022 https://ift.tt/w86jQng gains due to the appreciation of the US dollar vis-à-vis Indian rupee and major currencies such as yen, SDR, and euro were placed at $ 11.7 billion. Excluding the valuation effect, external debt would have increased by $ 58.8 billion instead of $ 47.1 billion at end-March 2022 over end-March 2021.

Dollar shortage may hit companies with overseas currency borrowings https://ift.tt/sm5HFjK the increase in risk aversion and impact of monetary tightening, corporate bond spreads in the US and in emerging markets have widened despite some moderation in June 2022, as valuations increasingly reflect a weak economic outlook, RBI FSR report said.

Private banks outpace public sector peers in lending to MSMEs https://ift.tt/3hHfzBC number of fresh borrowers at 67.61 lakhs for private sector banks under the government's ECLGS scheme is three times the fresh borrowers attracted by public sector banks who managed only 22.65 lakh new borrowers. Private banks disbursed Rs 95700 crore compared to Rs 79800 crore disbursed by public sector banks, according to Reserve Bank's latest Financial Stabilty Report.