Mint Mid Day Digest: Indexes flat, Zerodha fintech startup management tips and more

Yes Bank announced on Friday that the board has signed a binding term list with JCF ARC LLC and JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) for strategic partnership in relation to the sale of identified stressed loans from the bank. read more

Earnings downgrades are pouring in for ACC due to the gloomy margin development in June

The pan-India-focused cement manufacturer ACC Ltd. reported a gloomy earnings trend in the June quarter of the calendar year 2022 (Q2CY22). The company follows a financial year for January to December. read more

IT shares fell 48% from a 52-week high. Brokers say buy after Q1 results

The IT company Larsen and Toubro Infotech on Thursday had an increase of over 27% in the group’s net profit at ₹633.5 crore in the first quarter which ended on 30 June 2022. It had registered a profit of ₹NOK 496 million in the same period a year ago. read more

Share Market LIVE: Sensex, Nifty flat; banks, IT case, FMCG, auto gain

Indian benchmark indices rose on Friday in early trading after four days of decline, but were moving in a range amid mixed global market trends. read more

Zerodha boss Nithin Kamath has some advice for fintech startups

Nithin Kamath, co-founder and CEO of Zerodha, whose online discount brokerage firm has changed the dynamics of retail investment in the country, has some advice for fintech startups. read more

Mint Morning Digest

Trading in rupees can increase investment in government debt

The Reserve Bank of India’s (RBI) policy of allowing trade settlements in rupees could lead to greater investment in government bonds and drive India’s exports to sanctioned Russia. read more

When markets fall, what investors should keep in mind when buying on the fall

Investing is not a linear journey. Sometimes markets fall or even plunge and portfolios turn red. Investors find it difficult to stop the decline in the value of their portfolios. Then investors need to analyze their portfolio and identify weak links. In fact, it is how investors handle volatility that determines how much they can earn in the long run. read more

The Adani 5G bid raises debate about direct spectrum allocation

Adani Group’s decision to participate in 5G spectrum auctions to launch its captive networks does not derail the plans of other companies seeking airwaves through the non-auction route, sector monitors said. read more

LIC impairment falls ₹40,000 cr on stock market falls, rising prices

Life Insurance Corp. of India (LIC) has suffered from one ₹40,000 crore hit the valuation due to the extended fall in the stock markets and rising interest rates that affect the return from the debt investment, said a top manager. read more

SBI raises lending rates with effect from today. Borrow EMIs to go up

The State Bank of India (SBI) has decided to increase its marginal lending rate (MCLR) on loans by 10 basis points or 0.10 per cent. The new lending rates will take effect from today, 15 July. read more

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