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Provisions for bad loans and contingencies during the reported quarter fell to Rs 1,865.69 crore as against Rs 2,440.32 crore put aside in the year-ago period.
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On the asset front, the bank's gross non-performing assets (NPAs) as of March 31, 2021 stood at 15.41% of the gross advances, slightly down from 16.80% in the year-ago period.
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Net profit of Jio Platforms increased by 47.50% YoY to Rs 3508 crore in Q4FY21 against Rs 2379 crore in Q4FY20
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The private sector lender Yes Bank on Friday posted a whopping standalone net loss of Rs 3,788 crore for the fourth quarter ended March 2021.
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The biggest surprise in Bajaj Auto results was 7% rise in average realisation per unit because of better product mix and price hikes
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Nomura believes that Reliance Industries may report 135% year-on-year growth in net profit at Rs 14,950 crore.
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Barring near-term uncertainties due to rising COVID-19 cases, HUL management is confident of achieving volume-led earning growth on the back of a strong product portfolio, agile supply chain and relatively higher presence in rural India
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The scrip traded 1.23% down at Rs 1,487 at around 9.58 am (IST), while the benchmark BSE Sensex was down 300 points, or 0.60%, at 49,466.
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Bajaj Auto announced a dividend of Rs 140 per share and will be credited by July 27. In a separate filing, Bajaj Auto informed that Rahul Bajaj has resigned as Chairman with effect from close of business hours on April 30, 2021
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Bajaj Auto posted a 14.57% growth in consolidated net profit at Rs 1,551.28 crore for the quarter ended March 31
