Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-sees-rising-stress-in-home-loan-and-msme-book-in-june-quarter/articleshow/85037804.cmsSynopsis The lender has already pulled back Rs 4700 crore from its fresh slippages in July. The stress list for the loans due between
Category: Company Specific News
Enforcement Directorate threatens Flipkart, its founders with $1.35 billion fine, say sources – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/enforcement-directorate-threatens-flipkart-its-founders-with-1-35-billion-fine-say-sources/articleshow/85056916.cmsSynopsis India’s brick-and-mortar retailers say Amazon and Flipkart favour select sellers on their platforms and use complex business structures to bypass the foreign investment
Vodafone Group CEO Nick Read rules out fresh fund infusion in Vi | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/vodafone-group-ceo-nick-read-rules-out-fresh-fund-infusion-in-vi-121080302021_1.html Vi has a debt of about Rs 1.8 trillion, including deferred spectrum obligations and AGR dues Vodafone CEO Nick Read. PHOTO: BLOOMBERG Vodafone Group Plc
No error of judgement in PNB Housing Finance deal: PNB MD – The Financial Express
Clipped from: https://www.financialexpress.com/industry/no-error-of-judgement-in-pnb-housing-finance-deal-pnb-md/2303557/ While speaking at a conference on the bank’s June quarter earnings, Rao said PNB is awaiting a decision from the Securities Appellate Tribunal
For swift remedial action on telecom – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/for-swift-remedial-action-on-telecom/articleshow/85016111.cmsSynopsis Make it clear government wants three players Dither will debilitate India’s telecom sector. The government needs to make it clear whether it wants three
HDB Financial IPO: HDB Financial: how Aditya Puri’s dream IPO is now HDFC Bank’s headache – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/how-aditya-puris-hdb-financial-services-ipo-dream-has-now-become-a-headache-for-hdfc-bank/primearticleshow/84984737.cms SynopsisFrom aiming for an INR80,000 crore IPO to now engaging with investors for stakes, things have changed rapidly for HDB Financial Services. At
Kumar Mangalam Birla proposes to hand over stake in Vodafone Idea to govt – BusinessToday
Clipped from: https://www.businesstoday.in/industry/telecom/story/kumar-mangalam-birla-proposes-to-hand-over-stake-in-vodafone-idea-to-govt-303072-2021-08-02 Birla said investors are not willing to invest in the company in the absence of clarity on AGR liability, adequate moratorium on spectrum
bharti airtel: Does it make sense to buy telecom stocks now? Ajay Bagga answers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/does-it-make-sense-to-buy-telecom-stocks-now-ajay-bagga-answers/articleshow/84941552.cmsSECTIONSDoes it make sense to buy telecom stocks now? Ajay Bagga answersLast Updated: Aug 01, 2021, 12:38 PM ISTSynopsis “Telecom players have really flattered
We’ll have even better results in the coming quarters: IDBI Bank CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/well-have-even-better-results-in-the-coming-quarters-idbi-bank-ceo/articleshow/84887900.cmsSECTIONSWe’ll have even better results in the coming quarters: IDBI Bank CEOLast Updated: Jul 30, 2021, 02:24 PM ISTSynopsis “We have been able to
Big Boys and their Toys — Jhunjhunwala & Akasa Air – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/big-boys-and-their-toys-jhunjhunwala-akasa-air-302859-2021-07-30 For billionaire Rakesh Jhunjhunwala, the investment in Akasa Air is a thought out play on India’s growth bouncing back. India’s most successful investor,
India should nationalise Vodafone Idea, head off Jio-dominated duopoly | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-should-nationalise-vodafone-idea-head-off-jio-dominated-duopoly-121073000120_1.html Merging state-run telcos with a nationalised Vodafone Idea could save jobs and capital. Managed professionally, it could be a credible third player. India’s
No prima facie evidence with CCI and HC to order probe: Flipkart tells SC | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/no-prima-facie-evidence-with-cci-and-hc-order-for-probe-flipkart-tells-sc-121072701586_1.html Karnataka HC last week upheld a single-judge order dismissing Amazon and Flipkart pleas challenging a probe initiated by CCI for alleged competition law
Signals of revival | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/signals-of-revival-121072600009_1.html Telecom sector faces the risks of a duopoly The Supreme Court verdict dismissing the petition of telecom companies regarding the adjusted gross revenue (AGR) calculation
Despite SC verdict on AGR dues, Airtel, Voda Idea look good on charts | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/despite-sc-verdict-on-agr-dues-airtel-voda-idea-look-good-on-charts-121072300412_1.html While the Street has given a thumbs down to the development, technical charts suggest a completely different picture. MTNL has the best chart
After blockbuster listing, what should you do with Zomato stock? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/after-blockbuster-listing-what-should-you-do-with-zomato-stock-121072300395_1.html Zomato IPO has opened the doors for new-age tech businesses to tap primary markets. Paytm, PolicyBazaar and Mobikiwik are some other names gearing
SC: Telecos tried to recalculate AGR under guise of correcting ‘arithmetical errors’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/sc-telecos-tried-to-recalculate-agr-under-guise-of-correcting-arithmetical-errors/article35509591.ece?homepage=true The court said this was not the first time the companies had tried to alter the dues The Supreme Court said what major
Good luck to Zomato, I am not buying it: Rakesh Jhunjhunwala – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/good-luck-to-zomato-i-am-not-buying-it-rakesh-jhunjhunwala/articleshow/84704577.cmsSynopsis “What I buy is very important, at what price I buy is the most important. Let Zomato be worth Rs 99,000 crore and
Avoid aggressive buys in richly-valued companies like Zomato: Analysts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/avoid-aggressive-buys-in-richly-valued-co/articleshow/84691807.cmsSynopsis While the stock could extend the opening day gains in the coming days, thanks to appetite from institutional investors, higher valuations make it
Vodafone Idea’s future hinges on relief from government, say analysts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/vodafone-ideas-future-hinges-on-relief-from-government-say-analysts/articleshow/84696885.cmsSynopsis Without funding, Vi may “find it a challenge to meet its immediate Rs 24,000 crore-plus payment obligation (by April next), and if all
ICICI Bank’s Q1 net rises 78% to Rs 4,616 cr as provisions fall sharply | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/icici-bank-s-q1-net-profit-soars-78-to-rs-4-616-crore-121072400741_1.html The lender’s net interest income (NII) rose 18 per cent to Rs 10,936 crore in the June quarter Photo: Shutterstock Private lender ICICI Bank on
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