- Indian stock markets achieved record highs, but profit-taking led to a slight dip by week’s end.
- Tech IPOs surged, raising ?15,000 crore, marking 2024 as the best IPO year since a 3-year lull, with India leading globally in IPOs.
- A CIBIL report showed rising credit scores among borrowers, indicating improved credit culture.
- Non-banking financial companies (NBFCs) showed strong growth, including an 11% rise in total borrowings and improved asset quality
- S&P predicted slower loan growth in FY25 for finance companies due to increased risk weights but projected robust retail loan growth for India.
- SEBI proposed new regulations to enhance transparency in mutual fund (MF) disclosures and reduced the listing timeline for public issues of debt securities.
- New delisting rules introduced a fixed price mechanism and relaxed thresholds for counteroffers.
- A dedicated FPI outreach cell was launched to simplify access to the Indian securities market.
- An updated SEBI F&O study revealed that 93% of individual traders incurred losses.
- S&P and Moody's maintained India's growth forecasts at 6.8% and 7.1% respectively for FY24.
- India rose to 39th place in the Global Innovation Index 2024, maintaining its top rank among lower middle-income economies.
- India overtook Japan as the third-largest power in the Asia Power Index, with economic growth and youthful demographics cited as key drivers.
- Indian startup funding grew 5.1% in volume and 53.1% in value in the first eight months of 2024, reaching $7.5 billion.
- However, Tracxn reported a marginal decline in startup funding for the first nine months of 2024, with the fintech sector seeing a 39% drop in funding year-to-date.
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