Fri, Mar 29, 2024 1:16 PM
Expert View: Valuations are looking expensive for the market as a whole
A Flip by Riya Sharma
After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits. China’s biggest EV maker broke with its usual practice of not providing guidance ahead of its earnings report due later Monday. The stock’s volatility skew this month jumped to the highest since October.
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Stringent asset quality norms set by Reserve Bank of India has made just one out of 11 small finance banks eligible to apply for a universal banking licence while others would need to wait at least a few more quarters to get there.AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator.
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The U.S. dollar was a shade softer in early deals on Monday, thinned by a holiday in Japan, though the yen, euro and sterling stayed near the bottom of the ranges hit during Friday's volatile session. Japan's yen was at 158.05 per dollar, up nearly 0.2% in quiet trading with Tokyo markets closed for the first of the country's Golden Week hour.
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