Author: Purbalee Dutta

Shares of Ola Electric Mobility surged up to 5 percent on Friday, reaching ₹57.50, and marking nearly 20 percent gains for the week. The rally was driven by policy support and company-specific developments, notably the company receiving Production Linked Incentive (PLI) certification for its Gen 3 scooter lineup. In a filing dated August 26, Ola announced it had received compliance certification under the PLI scheme for automobiles and auto components from the Automotive Research Association of India (ARAI), under the Ministry of Heavy Industries. The approval includes all seven models in the S1 Gen 3 range, such as the S1 Pro and S1 X variants. Ola noted that both its Gen 2 and Gen 3 scooters are now PLI-certified, with the latter forming the bulk of current sales — expected to boost pro...

The Indian stock market remained under pressure for the second straight session on Thursday, August 28, amid growing concerns over former U.S. President Donald Trump’s proposed 50% tariff on Indian imports. The Nifty 50 index slipped close to 1% during the session but managed to stay above the key 24,500 level, touching an intraday low of 24,507. Despite the decline, the absence of a sharp sell-off suggests that the market may already be factoring in the tariff impact and could be nearing a bottom. A positive update on the trade front might spark a recovery. Market experts believe that the current weakness reflects expectations that the proposed tariffs are temporary and part of Trump’s negotiation tactics. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted...

The Ministry of Finance has clarified that first-time borrowers are not required to have a minimum CIBIL score to be eligible for bank loans. During the recent monsoon session of the Lok Sabha, Minister of State Pankaj Chaudhary reaffirmed the Reserve Bank of India’s (RBI) stance, stating that banks cannot reject loan applications solely based on the absence of a credit score or credit history. According to the RBI’s Master Direction dated January 6, 2025, credit institutions must not deny loans to individuals just because they lack prior credit records. Chaudhary further explained that in a deregulated credit environment, lenders evaluate loan applications based on commercial judgment, internal policies, and various inputs — one of which is the credit information report. A CIBIL sc...

Kotak Mahindra Bank demonstrated steady performance, opening at Rs 2035.05 and moving in line with sector trends throughout the trading day. The stock currently trades above its 5-day, 20-day, and 200-day moving averages but remains below the 50-day and 100-day averages, reflecting mixed momentum over the short to medium term. With a market capitalization of Rs 4,01,823.78 crore, the bank has delivered a strong one-year return of 11.61%, outperforming the Sensex, which gained just 1.35% during the same period. However, its recent performance has been uneven, with a 6.66% decline over the past month, while the Sensex dropped slightly by 0.25%. Year-to-date, Kotak Mahindra Bank has returned 13.13%, compared to the Sensex’s 4.94%. Over three years, the bank’s growth stands at 7.64%, la...