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YES Bank reports Q3 net at Rs 147 crore; Covid ups stressed assets
Private sector lender YES Bank on January 22 reported a consolidated net profit of Rs 147 crore for the December quarter and a jump in asset quality stress due to Covid-19. The bank had posted a loss of Rs 18,564 crore in the year-ago period, when it recognised all the hidden stress in the balance […]
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Stove Kraft mobilises over Rs 185 crore from anchor investors ahead of IPO
Stove Kraft Ltd, manufacturer of kitchen appliances, has raised a little over Rs 185 crore from anchor investors ahead of its initial public offer, which will open for subscription on Monday. A total of 48,22,290 shares have been allotted to 32 anchor investors at Rs 385 apiece, which is the upper end of the price band. […]
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Indigo Paints IPO subscribed 117 times; key things you should know
Indigo Paints’ Rs 1,170-crore initial share-sale garnered an overwhelming response from investors and was subscribed 117 times on the final day of bidding on January 22. Here are the key things you should know about the public offer: 1) The IPO has received bids for 64.58 crore shares against an offer size of 55.18 lakh […]
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Reliance Industries Q3 results: Net profit rises 12% on strong momentum at retail, Jio
Billionaire Mukesh Ambani’s Reliance Industries on January 22 reported a better-than-expected 12% rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio. Consolidated net profit in October-December stood at Rs 13,101 crore, compared to Rs 11,640 crore net earning in the same period a year […]
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Reliance Jio Q3 results: Net profit rises 15.5% to Rs 3,489 crore
Jio Platforms recorded 15.5% quarter-on-quarter rise in net profit to Rs 3,489 crore for October-December 2020, its parent firm Reliance Industries Limited said on Friday. Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter. The revenue of the company stood at Rs 22,858 […]
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After Sensex hits 50,000, market experts say 1,00,000 on radar
Analysts on Dalal Street maintained their bullish view on the domestic equity market after the benchmark equity index BSE Sensex scaled 50,000 for the first time on January 21. Their views came after the market witnessed spectacular bull run from the lows of March 2020, when the market tanked due to the nationwide lockdown. The […]
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CLSA bullish on insurance stocks; ups target price
Global brokerage firm CLSA is most bullish on Max Financial Services in the insurance space. It was followed by SBI Life then HDFC Life Insurance and ICICI Prudential Life Insurance Company. In its report on January 19, CLSA said that private life insurers have recovered well from the pandemic with positive APE (annual premium equivalent) […]
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Sensex hits 50,000: Here’s what analysts are saying
The benchmark equity index BSE Sensex scaled another psychological level of 50,000-mark for the first time on Thursday. Heavy buying in index heavyweights including Reliance Industries, Bajaj Finance and ICICI Bank lifted the sensex past 50,000.Overall, the index has gained around 95% from the lows of March 24, 2020, when the market tanked due to […]
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Here’s what top D-St investor Radhakishan Damani bought and sold in December quarter
Billionaire investor Radhakishan Damani hiked stake in at least two smallcap companies during the September-December quarter when the benchmark BSE Sensex and NSE Nifty indices jumped nearly 25%. Latest data available with stock exchanges showed that Damani and his family held 21.14% stake in India Cements as of December 31, up from 20.40% in the […]
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Upstox launches digital gold platform
Upstox, also known as RKSV Securities India, on January 19 launched a digital gold investment platform for its clients. Apart from investing in the stock market and mutual funds, over 20 lakh Upstox clients can now also invest in gold online and right from the mobile app. The platform enables customers to buy 24-karat digital […]
