Clipped from: https://www.thehindubusinessline.com/todays-paper/icici-bank-buy/article65088640.ece At 3x FY23 price-to-book, ICICI Bank’s valuations are far from cheap especially seen against its historic average of 1.7x. But past numbers were
Category: Company Specific News
Reliance takes control of Future Retail stores, offers jobs to employees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/reliance-steps-up-efforts-to-take-control-of-future-retail/articleshow/89842743.cms Synopsis Reliance Retail has started to take possession of the premises in which Future Retail is operating its stores such as Big Bazaar
GST intelligence body widens investigation on fintech firm BharatPe | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/gst-intelligence-body-widens-investigation-on-fintech-firm-bharatpe-122022600074_1.html Audit at BharatPe had suggested deeper investigation on deals with non-existent vendors A spokesperson for BharatPe said the company is cooperating with the
Unity SFB not affected by BharatPe tussle: Centrum Capital’s Jaspal Bindra | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/bharatpe-saga-centrum-s-partnership-with-funds-like-sequoia-not-grovers-122022400678_1.html Jaspal Bindra says Centrum’s partnership is with funds like Sequoia, not Grovers Jaspal Bindra, Chairman, Centrum Capital The heating up of the tussle
Paytm at INR700? How being Jack of too many trades is hurting profitability, investor confidence – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/paytm-at-inr700-how-being-jack-of-too-many-trades-is-hurting-profitability-investor-confidence/primearticleshow/89806421.cms Synopsis–Paytm is trading at INR778, down 64% from its issue price. And a latest Macquarie report pegs the stock price around INR700. While
lic ipo: How LIC policyholders can get discounted IPO shares: 29 FAQs answered by LIC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/how-lic-policyholders-can-get-discounted-ipo-shares-29-faqs-answered-by-lic/articleshow/89658962.cms Synopsis According to the DRHP, up to 10 percent will be reserved for eligible LIC policyholders under the Policyholder Reservation Portion. Here is
Ashneer Grover Updates: Ashneer Grover praises ‘legend’ Uday Kotak amid legal battle – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/ashneer-grover-praises-legend-uday-kotak-amid-legal-battle/articleshow/89222740.cmsSynopsis “Uday Kotak is a legend. I had the fortune of starting my career in Kotak…and can tell you no one understands or does
RIL projects to save $300 million interest costs in FY23 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-projects-to-save-300-million-interest-costs-in-fy23/articleshow/89223255.cmsSynopsis India’s largest company by market capitalisation raised the debt just before interest rates started firming up globally. The estimated benefit on its borrowing
IDBI selloff: Potential investors want Rs 34kcr NPAs given to bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/idbi-selloff-potential-investors-want-rs-34kcr-npas-given-to-bad-bank/articleshow/89234148.cmsSynopsis These suggestions have been made in the investor feedback sought by KPMG, the transaction advisor for the IDBI Bank strategic sale, according to
Former directors of Cox & Kings under Mumbai Police scanner – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/former-directors-of-cox-kings-under-mumbai-police-scanner/articleshow/89234980.cmsSynopsis The city police had earlier arrested the promoter, Ajay Ajit Peter Kerkar, and former chief financial officer Anil Khandelwal, who are now in
Buy back shares, offer good premium, repeat. Can TCS give investors risk-free return this time, too? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/buy-back-shares-offer-good-premium-repeat-can-tcs-give-investors-risk-free-return-this-time-too/primearticleshow/88979536.cms SynopsisThis is the fourth share buyback by TCS in five years. The latest one is the largest at INR18,000 crore. When the company
Have not terminated services of any employee, says BharatPe Board | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/have-not-terminated-services-of-any-employee-says-bharatpe-board-122012901205_1.html The Board said it remains committed to an independent and thorough audit process. It said no action has been taken or will be
IndusInd Bank admits to procedural lapses in MFI lending | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/indusind-bank-admits-to-procedural-lapses-in-mfi-lending-122012901110_1.html The bank’s chief executive and managing director Sumant Kathpalia stressed that it will not lead to any financial hit Private sector lender IndusInd Bank on
PMC depositors move SC against final merger plan with Unity SFB | Business Standard News
lipped from: https://www.business-standard.com/article/finance/pmc-depositors-reject-merger-scheme-with-unity-sfb-will-appeal-before-sc-122012700316_1.html Among other haircut terms, depositors have to wait for 10 years to get back their money if the amount is more than Rs
Torrent Pharma tumbles 14% on disappointing Q3 results | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/torrent-pharma-freezes-at-10-lower-circuit-on-disappointing-q3-results-122012700259_1.html In Q3FY22, earnings before interest tax and depreciation and amortization (EBITDA) margins declined 490 bps YoY to 25.5 per cent driven by price
Asset quality issues are behind us, and it is a growth path now: Yes Bank Chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/now-it-is-a-growth-path-yes-bank-md-and-ceo/article64941370.ece We are trying to increase the value of our security in Dish TV issue, but the Essel Group is trying to stall everything.
Payout to be Rs 4k cr to return up to Rs 5 lakh to PMC depositors: Centrum | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/payout-will-be-rs-4k-cr-to-give-up-to-rs-5-lakh-to-pmc-depositors-centrum-122012701490_1.html In a Q&A Jaspal Bindra, Chairman of Centrum Group says Unity SFB will take some cash assistance from DICGC to meet the liquidity
96% PMC Bank depositors to be paid upfront: Unity SFB | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/96-pmc-bank-depositors-to-be-paid-upfront-unity-sfb-122012701486_1.html On January 25, the finance ministry had approved the merger of PMC Bank with Unity SFB, protecting it from liquidation and bringing relief
SC gives SpiceJet a three-week reprieve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/sc-gives-spicejet-a-three-week-reprieve/article64943085.ece Earlier, a Division Bench of the Madras High Court had dismissed the appeal by SpiceJet against a Single Judge Bench order of December
AAI may encash SpiceJet’s bank guarantees ahead of court decision on Credit Suisse matter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/aai-is-mulling-to-encash-spicejets-bank-guarantees-amid-headwinds-in-the-credit-suisse-matter/article64942179.ece SC gave multiple deadlines to the airline to repay dues in tranches, but the latter failed to do so The Airports Authority of
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