Clipped from: https://www.business-standard.com/article/companies/brokerages-retain-bullish-call-on-reliance-industries-despite-windfall-tax-122070401218_1.html Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade
Category: Company Specific News
Asian Paints stock hits 52-week low. 2 things bothering investors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/asian-paints-stock-hits-52-week-low-2-things-bothering-investors/articleshow/92200502.cms Synopsis On each of these occasions, Asian Paints and Berger Paints have held onto their gross margins and their operating margins because of
Oil taxes: Reliance stock falls over 7%, ONGC shares tumble more than 13% | The Financial Express
Clipped from: https://www.financialexpress.com/market/oil-taxes-reliance-stock-falls-over-7-ongc-shares-tumble-more-than-13/2580037/ Analysts at Jefferies observed that if RIL’s SEZ refinery is exempted from the tax, the impact on GRMs will be just $1 per
Asian Paints sees scope to reinvent amid continuing global uncertainties | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/asian-paints-sees-scope-to-reinvent-amid-continuing-global-uncertainties-122062901138_1.html Chairman Deepak Satwalekar tells investors at AGM that the firm’s network penetration and brand strength saw its decorative business deliver 31% growth by
RBI may appoint additional director on Dhanlaxmi Bank Board – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-appoint-additional-director-on-dhanlaxmi-bank-board/article65497423.ece The bank posted a robust 344 per cent year-on-year (yoy) jump in fourth quarter (FY22) net profit at ₹23.42 crore The Reserve Bank
*Axis Bank Aims for the Top Spot – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/editors-note/story/axis-bank-aims-for-the-top-spot-335400-2022-05-27 After acquiring the consumer banking business of Citi, Axis has its eyes firmly set on becoming No. 2 among private sector banks by
Indian Hotels unveils ‘Ahvaan 2025’ for profitable growth; stock gains 4% | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/indian-hotels-unveils-ahvaan-2025-for-profitable-growth-stock-gains-4-122052300909_1.html The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution
Analysts expect Paytm shares to more-than-double from here on. Here’s why | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/analysts-expect-paytm-shares-to-more-than-double-post-q4-results-here-s-why-122052300658_1.html While investors have preferred to stay on the sidelines on Paytm stock, Goldman Sachs believes the risk-reward for Paytm are skewed to the
We will arrest the fall in market share: LIC chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/we-will-arrest-the-fall-in-market-share-lic-chief/article65424475.ece Apart from focusing on agency channel, to ramp up digital and bancassurance segments Amidst weak global sentiments, the initial public offering of Life
*****Profiting from loss: Why ICICI Lombard is happy to lose market share – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/icici-lombard-losing-market-share-for-right-reason/articleshow/91612380.cms SynopsisICICI Lombard and Bajaj Allianz are 2 of the most efficient players accounting for almost half of the industry profits of the last
Will Ambuja Cement-ACC sale get CCI approval with a penalty overhang? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/will-ambuja-cement-acc-sale-get-cci-approval-with-a-penalty-overhang/article65416470.ece While the large corporates are vying to acquire the priced assets of Ambuja Cement-ACC combine from the Swiss-headquartered Holcim Group, the deal may
‘L&T will become a zero-debt company soon’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/lt-will-become-a-zero-debt-company-soon/article65416747.ece Have identified three entities to pare stake in — Hyderabad Metro, Nabha Power and L&T Infrastructure Development, says MD & CEO May 15
*****Bid to delist Asian Paints holding Co at ₹1.61 lakh per share rejected by shareholders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/bid-to-delist-asian-paints-holding-co-at-161-lakh-per-share-rejected-by-shareholders/article65411074.ece Vakil family offered ₹1.61 lakh per share for EIL shares, against the book value of ₹6.5 lakh per share An effort to de-list
Asian Paints Q4 Results: Firm posts profit of Rs 850 crore; misses estimates – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/stocks/earnings/asian-paints-q4-results-firm-posts-profit-of-rs-850-cr-misses-estimates/articleshow/91464131.cms Synopsis The profit is lower due to an exceptional loss of Rs 115.70 crore towards Sri Lanka business and expected delay in receivable
*Loan portfolio lapses cloud growth plans of IndoStar Capital Finance | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/loan-portfolio-lapses-cloud-growth-plans-of-indostar-capital-finance-122050900025_1.html The financiers of Indo-Star Capital Finance include State Bank of India, HDFC Bank, and ICICI Bank, according to the Annual Report for FY21
*****HDFC Ltd Q4 net profit rises 16.4% as disbursements hit record levels in March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/hdfc-ltd-q4-net-profit-rises-164-per-cent/article65375241.ece To pay dividend of ₹30 per equity share of face value of ₹2 each The country’s largest mortgage financier HDFC Ltd recorded its
IDBI Bank aims to bring down GNPAs to below 14% by FY23-end – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-bank-aims-to-bring-down-gnpas-to-below-14-by-fy23-end/article65376285.ece Rakesh Sharma, MD and CEO of IDBI Bank Sale of non-core assets only for legal purposes; FY23 credit growth target 10-12% IDBI Bank
*****YES Bank Q4 Preview: Lender may report losses despite doubling of NII growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/earnings/yes-bank-q4-preview-lender-may-report-losses-despite-doubling-of-nii-growth/articleshow/91198332.cms Synopsis Analysts said a further decline in the special mention account (SMA) book would be a key thing to watch for in the
*Tatas plan to go atmanirbhar with chipmaking, EV battery plans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/tatas-plan-to-go-atmanirbhar-with-chipmaking-ev-battery-plans/articleshow/91200090.cms Synopsis The initiatives by the $103 billion Tata Group are aligned to Prime Minister Narendra Modi’s attempts to make India a leader in
Ambani readies for mega IPOs of Reliance Retail, RJio – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/ambani-readies-for-mega-ipos-of-reliance-retail-rjio/article65365066.ece Mukesh Ambani A global listing for both RRVL and RJPL simultaneously, along with listing in India, cannot be ruled out, say sources Mukesh