On 4 March, Small Industries Development Bank of India (SIDBI), among the frequent borrowers in India’s debt market, withdrew its plans to raise up to ₹8,000 crore through bonds maturing in July 2029. Earlier on 20 February, the National Bank for Financing Infrastructure and Development, also called as NaBFID, had canceled the sale of the…
This shift matters for the market. IT, at roughly 9% weight, remains the second-largest sector in the benchmark Nifty 50 index, while BFSI dominates with about 37% weight. In theory, BFSI’s expanding profit share and heavier index presence should have cushioned broader market weakness. In practice, however, IT’s slide has exerted an outsized drag on…
Ramco Cements Ltd is striving to impress investors through the monetization of non-core assets, debt reduction, and its recently launched construction chemicals business. Amid this, weak December quarter (Q3FY26) results didn’t help, even as cement volumes grew year-on-year for the first time after three straight quarters, up about 4% to 4.43 million tonnes (mt). Still,…
