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
Category: Company Specific News
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
Tata Motors has global ambitions for electric vehicles: N Chandrasekaran | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tata-motors-has-global-ambitions-for-electric-vehicles-n-chandrasekaran-122042900675_1.html Tata Sons Chairman N Chandrasekaran stresses the automaker’s global plans for its EVs over the next three years The model developed ground up
Analyst targets on ICICI Bank soar past Rs 1,000 as lender beats HDFC Bank on all parameters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/analyst-targets-on-icici-bank-soar-past-rs-1000-as-lender-beats-hdfc-bank-on-all-parameters/articleshow/91069908.cms Synopsis The lender said its provision saw a sharp decline along with an improvement in asset quality. The management continues to focus on