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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 […]
Press Trust of IndiaJanuary 23, 2021/11:43 AM IST -
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. […]
Press Trust of IndiaJanuary 23, 2021/11:03 AM IST -
Supreme Court to decide on distribution of money to Templeton unitholders after hearing objections to e-voting
New Delhi: The Supreme Court has said it would decide on distribution of money to Franklin Templeton unitholders after hearing the submissions objecting to the e-voting process for winding up the mutual fund’s six schemes. A bench headed by S A Nazeer granted three days for filing of objections to the e-voting on winding up […]
Press Trust of IndiaJanuary 23, 2021/11:02 AM IST -
IRCTC to resume e-catering services from February
New Delhi: In a big relief to passengers, IRCTC will resume its e-catering services from next month. Due to onset of the COVID-19 pandemic and the consequent unprecedented lockdown, e-catering services were suspended on March 22, 2020. IRCTC, the catering and tourism arm of the Indian Railways, is going to restart its e-catering services for […]
Press Trust of IndiaJanuary 23, 2021/10:40 AM IST -
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 […]
Money9January 23, 2021/10:38 AM IST -
Budget 2021 must build on recent reforms in labour, education: HR experts
New Delhi: The upcoming budget must build on recent reforms in labour and education and the government should continue to provide policy as well as financial support for skilling to ensure that the workforce in India is future ready, say HR experts. The scale of provisions under the Digital India mission and the Skill India […]
Press Trust of IndiaJanuary 23, 2021/9:15 AM IST -
Here’s what AMFI expects from Budget 2021
Mutual Funds need parity with ULIPs.
Harsh ChauhanJanuary 23, 2021/8:52 AM IST -
Mutual fund AUM rises 17% in 2020 on the back of debt and equity funds
Mumbai: A massive rally in the equity markets since May bringing in heavy inflows into equity ETFs and open-ended debt funds has helped mutual fund AUM grow 17 per cent to top the Rs 31-lakh-crore-mark in 2020, which is 1 percentage point lower than 2019, according to a report. During the year, the 44-player industry […]
Press Trust of IndiaJanuary 23, 2021/8:33 AM IST -
Budget 2021 must focus on resolving demand-side issues: India Ratings
Mumbai: The budget must redirect the government focus in resolving demand-side issues by moving away from fixing supply side problem which has been the focus since March when the pandemic began to pummel the economy, says a report. The pandemic induced lockdowns resulted in the economy tanking 23.9% in the June quarter but made a […]
Press Trust of IndiaJanuary 23, 2021/7:59 AM IST
