Here are today's top headlines 1.D-ST resilient after Walla St Slip Markets do not look that bad, 70-80 percent down as far as nifty is concerned. Mid cap small cap linking into red green. Overall looking weak but better. 2. Yields surge after Powell's comment The 10 year US bond yields jumps above 1.5 percent 3. OPEC decision powers crude No changes in the production for the month of April. Crude overnight spikes up 5percent. 4. PM: PLI to help whole ecosystem PLI schemes will help the whole ecosystem says PM Modi in a webinar. 5. Wipro slips post capco buy Wipro slips in the session.
At 6.65%, Kotak Mahindra Bank offers the lowest interest rate on home loan. But why the cut, when the rates are already low? With the cut, what kind of market share gains is Kotak eyeing? Banks have dominant market share in home loans versus NBFCs, does Kotak Mahindra Bank see competitive pressure rising within banks and #NBFCs losing market share? Ambuj Chandna of Kotak Mahindra Bank joins ET NOW to share his insights. According to him, there is a jump in housing sales due to big WFH factor. Home loan rates are at 15-year low and this had made buying homes affordable. Watch this full interview for more details
The ministry of railways ordered IRCTC to terminate all the existing contracts of mobile catering (currently in abeyance) providing cooked food to passengers prepared in base kitchens. Currently only ready to eat (RTE) foods, as was during unlock, are being offered. Starting operations of luxury trains, that is Golden Chariot. Expect revenues to double with situation normalizing Internet booking has reached 92% penetration level of total tickets booked in reserved category. Ad revenues are expected to increase, which will also aid in improvement in margins.