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Aerem secures 12 million dollars in series A funding for solar financing

Mumbai-based solar financing startup Aerem has raised $12 million in a Series A funding round led by Japan’s University of Tokyo Edge Capital Partners, with participation from British International Investment, SE Ventures, and others. Founded in 2021, Aerem provides loans for solar installations and plans to use the funds to expand its market presence and technology platforms. The company reported a significant revenue increase in FY24, with earnings jumping nearly ninefold to $20.52 million.

Goldman Sachs identifies ten stocks with potential for significant returns

Goldman Sachs identifies ten Indian stocks, including HDFC Bank, Adani Ports, and Power Grid, with potential returns of up to 45% over the next year, despite a recent 10% market correction. The firm emphasizes that the current economic slowdown is cyclical, with expectations of a GDP growth rebound in late 2025 due to recent policy easing measures. Key stock picks are supported by strong earnings growth forecasts and favorable valuations, positioning them well for future performance.

goldman sachs identifies ten indian stocks with 23 percent upside potential

Goldman Sachs anticipates volatility in Indian stock markets but sees potential for a 23% average upside in ten selected stocks over the next year, including HDFC Bank, Titan, and Mahindra & Mahindra. Analysts highlight strong sector tailwinds and expected earnings growth of 25% for these companies.

Brokerage Updates IndusInd Target Price and Upgrades Indian Oil to Buy

UBS has downgraded its target price for IndusInd Bank to ₹1,150 from ₹1,350, reflecting a neutral stance and a 5% cut in EPS for FY25/26. Similarly, Axis Bank and AU Small Finance Bank also saw target reductions. HDFC Bank, ICICI Bank, and Federal Bank remain top picks amid rising non-performing loan risks.Citi maintains a neutral call on Infosys with a target of ₹1,965, noting improvements in discretionary spending, particularly in the US financial services sector. Goldman Sachs favors Syngene and Neuland in the pharma sector while expressing caution on Divi’s, Gland, and Laurus.
03:43 13.12.2024

RBI's December meeting to decide on repo rate and financial updates

The Reserve Bank of India (RBI) will hold its Monetary Policy Committee meeting on December 6, with expectations that the repo rate will remain at 6.5%. Home loan interest rates and EMIs will stay unchanged if the status quo is maintained. Additionally, Axis Bank is introducing a redemption fee for EDGE Rewards and revising credit card charges, while AU Small Finance Bank is updating its reward point policy for the Ixigo AU credit card, prompting cardholders to review the new terms.

AU Small Finance Bank maintains profitability amid rising credit costs

AU Small Finance Bank reported a mixed Q2FY25 performance, maintaining a profitability with a RoA of 1.6% and a 6% QoQ loan growth. However, credit costs rose to 1.6%, exceeding guidance due to increased stress in secured retail assets and higher slippages in MFI and credit card segments. The bank has revised its FY25 credit cost guidance to 1.3% and is implementing measures to mitigate slippages, while maintaining a HOLD rating with a target price of INR 630.

au sfb faces asset quality challenges amid emerging strengths and market recovery

AU SFB's recent performance reflects improved realisations, yet asset quality issues overshadow emerging strengths. Despite decent gross loan book growth and a recovering deposits market, the stock has underperformed, with elevated credit costs expected in the near term. The transition to a universal bank and gradual improvement in return on assets are long-term positives, though premium valuations remain a concern.
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