Business / Business Today
According to the minority shareholders, the current valuation is based on a report fromJune 29, 2023.They allege that it is does not factor in the bull market run during the period and improved position of ICICI Securities.
With headline indices marching northwards in the last few months, one should remain cautious while picking buzzing sectors. Be selective in PSU stocks; defence sector poised for solid growth, says Ajay Garg, CEO of from SMC Global Securities.
Navratna status is accorded to PSUs who are authorised to take up investments of up to 1,000 crore without Central nod.
IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter, which was higher than Rs 6,424.35 crore reported in the year ago period.
Further, reports have revealed that five breaks in the underwater cable significantly affected internet connectivity, especially from eastern routes. The restoration efforts are estimated to take around a month to fully repair the damaged sections of the fibre optic cable.
Gross NPA stood at 2.16 percent, down from 2.81 percent in the same quarter last year. The net NPA for the quarter stood at 0.42 percent compared to 0.48 percent last year.
Yes Bank MD and CEO Prashant Kumar said it recorded 3.3 million before the partnership.
The Mumbai Indians all-rounder is battling poor form this IPL season, raising questions about his inclusion in India's T20 World Cup squad, which is to be announced soon.
The BSE Sensex surged 642 points, or 0.88%, at 73730.16 during the week ended on April 26, 2024. While the Nifty50 index gained 273 points, or 1.23%, to 22419.95.
The stellar earnings reports from both tech giants assuaged concerns regarding the profitability of their significant AI investments, following Meta's tepid forecast.
RBL Bank's net profit was at Rs 353 crore for the quarter as against Rs 271 crore reported in the year ago period. The total revenue for the reporting quarter was Rs 2,475 crore, which is 7% growth QoQ
The lender earned an interest income of Rs 7,447.17 crore up from Rs 6,216.24 crore reported in the corresponding quarter of the last financial year.
The case, involving a woman and two others, who likely contracted HIV at an unlicensed spa in New Mexico, has prompted widespread concern over the safety of such beauty businesses.
The case, involving a woman and two others, who likely contracted HIV at an unlicensed spa in New Mexico, has prompted widespread concern over the safety of such beauty businesses.
Having returned to the sport after a three-year hiatus, Hulkenberg's stint with Haas commenced last year, where he currently holds the 13th position in the driver's standings.
As per a Bernstein note from January, Zomato held a roughly 54% share in the food delivery from a gross merchandise value perspective as of the first half of calendar year 2023, while Swiggy held the rest.
Brokerage firms tracking YES Bank said the lender may report a strong performance in the terms of bottomline, but the net interest income and asset quality may remain under pressure
The combined entity is valued at Rs 22,481 crore, positioning it as a leading retail health company in India. The merger aims to deliver substantial industry benefits and a pan-India presence, enhancing access to genuine medicines for 1.4 billion Indians within 24 hours.
YES Bank Ltd is set to announce its earnings for the quarter and financial year ending on March 31, 2024 on Saturday, April 27.
The net profit for the March quarter is expected to surge up to 18% year-on-year (YoY), most brokerages predicted. The Profit After Tax (PAT) is expected to reach Rs 10,323.3 crore.
Apollo Health offers a comprehensive range of diagnostic services, from basic tests to specialised and super-specialised genetic testing. With over 100 labs currently, Apollo Health plans to add approximately 70 more labs in the next 12 to 18 months.
The central bank has said the SFBs aspiring to become a universal bank need to have scheduled status with a satisfactory track record of performance for a minimum period of five years.
Though Raymond, the listed entity, has yet to propose her removal from the board, Modi alleges that Singhania is attempting to exert influence over the decision.
The SBI credit card arm said that its interest income surged by 28% to Rs 2,139 crore in the January-March quarter and its fees and commission income grew by 6% to Rs 2,209 crore in the fourth quarter.
Earlier this week, Patanjali Foods incorporated two wholly owned subsidiaries, Contemporary Agro and Rishikrishi Farming in India.
The RBI said banks and NBFCs should ensure that their LSPs provide a so-called digital view of all the loan offers available to the borrower from all the willing lenders that the LSP has arrangements with.
Axis Securities has maintained a 'Buy' rating on the stock with a target price of Rs 210.
Bhat, a founding member and former CEO of the widely acclaimed comedy group AIB, rejected reports of his Rs 665 crore net worth.
HCL Technologies Q4 earnings: The board declared an interim dividend of Rs 18 per shareequity share of Rs2/- each of the company for the financial year 2024-25. The payment date of the said interim dividend shall be May 15, 2024.
The court ordered that all maintenance tasks in respect of the aircraft shall be undertaken by the lessors and all of their authorized representatives up to and until the time the aircraft are de-registered and exported, in pursuance of Rule 32A of the Aircraft Rules.
The global ratings agency said the curb will not materially affect Kotak Banks ratings (BBB-/Stable/A-3) as credit cards make up a small (4 per cent of total loans) portion of the portfolio.
Thisproduct promises to be a game-changer, addressing the growing demand for sustainable building materials while not compromising on performance or durability.
Maruti Suzuki Q4 results: Net profit rose to Rs 3,877.8 crore in the March 2024 quarter. The board of the firm recommended a final dividend of Rs 125 per share, its highest ever.
IRFC share price: The stock today settled 5.19 per cent higher at Rs 158.05. At this price, it has gained nearly 12 per cent during this week.
The court has granted access tolessors to their aircraft. The Airports Authority of India (AAI) will communicate with the lessors regarding export of aircraft and airworthiness
Sensex closed 609 points lower at 73,730 and Nifty lost 150 points to end at 22,419 today. Market cap of BSE-listed firms fell to Rs 404.46 lakh crore.
The consolidated net interest income (NII) for the fourth quarter rose 22.27 per cent to Rs 5,543.47 crore compared with Rs 4,533.63 crore in the same period last year, Shriram Finance said.
Emkay Global has upgraded the stock to 'Buy' from 'Reduce' earlier with a revised target price of Rs 5,100 from Rs 4,800.
CSB Bank shares fell 8.3 per cent to hit a low of Rs 371.05 on BSE. The bank said its net interest income (NII) rose 11 per cent YoY to Rs 386.03 crore from Rs 348.45 crore. Gross NPA percentage was up sequentially.
GMR Airports Infra share price: The stock surged 8.50 per cent to trade at a high value of Rs 92.34 in Friday's deals. It saw heavy trading volume on BSE today.
ACC stock slipped 2.53%to Rs 2514 against the previous close of Rs 2579.70 on BSE. Market cap of the firm fell to Rs 47,604 crore.
New government to take a call on implementation; senior official says preparatory work is underway for several provisions in the codes such as the social security fund for informal workers
The plea, filed by a law student, came in the wake of Delhi Chief Minister Arvind Kejriwal's arrest in connection with the alleged irregularities related to the liquor policy case.
Shares of Jai Balaji Industries jumped to Rs 1086.95 on April 25, 2024, from Rs 53.03 on the same day a year ago.
Multibagger stock: KPIT Technologies shares rose to an intraday high of Rs 1,455 today, up 5.89% against the previous close of Rs 1374.05 on BSE. Market cap of the firm stood at Rs 39,142 crore.
Shares of Aavas Financiers rose about 5 per cent during the trading session on Friday to Rs 1,687, commanding a total market capitalization of more than Rs 13,000 crore.
In his latest post, Zerodha co-founder Nikhil Kamath, talking about weddings in India, said that traditionally uncool industries appear to hide the biggest opportunities.
YES Bank shares rose about 1.89 per cent to Rs 26.44, during the trading session on Friday, commanding a total market capitalization of around Rs 76,000 crore.
The company reported a 47.5 per cent decline in its net profit to Rs 320 crore, compared to Rs 609 crore in the year-ago period.
HUDCO share price: The stock rose 15.28 per cent to hit a high of Rs 234.20 on BSE. ICRA on April 24 suggested a stable outlook for HUDCO, as it feels the PSU will remain strategically important to the government