Clipped from: https://www.business-standard.com/article/companies/second-month-in-row-walmart-s-phonepe-logs-over-1-billion-transactions-121050701417_1.htmlIn March, it had processed 1.19 billion transactions amounting to Rs 2.31 trillion For two consecutive months, Walmart-backed PhonePe has processed more than a billion transactions
Category: Company Specific News
Reliance Industries may renegotiate Future group valuation: Bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/reliance-industries-may-renegotiate-future-group-valuation-bankers-121050800056_1.html FRL sales to drop by 71% in FY21 owing to pandemic impact; sales in FY22 to remain about 30% lower than in FY20,
PSBs will only lead bad bank, pvt banks also need to support it: SBI MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-will-only-lead-bad-bank-pvt-banks-also-need-to-support-it-sbi-md/articleshow/82434371.cmsSynopsis If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per
IDBI expects 2% of small borrowers to opt for recast – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/idbi-expects-2-of-small-borrowers-to-opt-for-recast/articleshow/82448203.cmsSynopsis IDBI Bank exited RBIs prompt corrective action (PCA) framework after four years in March this year, posted profits of Rs 512 crore at
Parekh brings Infosys back to a position where it is bagging large deals | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/parekh-brings-infosys-back-to-a-position-where-it-is-bagging-large-deals-121050501345_1.html Analysts across the segment agree that Parekh’s presence and focus on recharging the company has worked Salil Parekh, CEO of Infosys It has
Despite rangebound performance, FPI shareholding in RIL hits record 24.9% in March 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/despite-rangebound-performance-fpi-shareholding-in-ril-hits-record-24-9-in-march-2021/articleshow/82391667.cms SynopsisMajor factors that make RIL attractive to FPIs include the rising contribution of consumer facing businesses to the revenue, a balance sheet with
Steel makers raise prices by up to Rs 4,500 per tonne – The Financial Express
Clipped from: https://www.financialexpress.com/industry/steel-makers-raise-prices-by-up-to-rs-4500-per-tonne/2245856/ Despite anaemic domestic demand primarily due to lockdown and restrictions on mobility, the price hike is mainly to align with the international prices,
FPIs bet big on private insurers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fpis-bet-big-on-private-insurers/article34480992.ece Between FY19 and FY21, FPIs pumped in ₹52,527 crore into the insurance sector Foreign portfolio investors (FPIs) are going strong on the Indian
API supply concerns from China fuel Alembic Pharma’s global prospects – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/api-supply-concerns-from-china-fuel-alembic-pharmas-global-prospects/article34481925.ece Company’s segment revenues surge 35% during the year The Covid-led supply disruptions of Active Pharmaceutical Ingredients (API) from China last year has proved
RBL Bank Q4 net profit down 34% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbl-bank-q4-net-profit-down-34/article34480127.ece Sharp rise in provisions and lower interest income hit bottomline Private sector lender RBL Bank reported a 34 per cent drop in its
Pricing pressure in US market to impact margins of pharma companies | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pricing-pressure-in-us-market-to-impact-margins-of-pharma-companies-121050401041_1.html Lack of new launches due to inspection delays, intensifying competition key headwinds Representational image The margins of Indian generic drug makers could be
RIL’s Rs 53,124-cr rights: Partly paid premium shrinks as call date nears | Business Standard News
lipped from: https://www.business-standard.com/article/markets/ril-s-rs-53-124-cr-rights-partly-paid-premium-shrinks-as-call-date-nears-121050401025_1.html Analysts advice investors to make switch to fully-paid shares Photo: Shutterstock The price of Reliance Industries’ (RIL’s) partly-paid (PP) and fully-paid (FP) shares
Wistron: Foxconn, Wistron, Dell, 16 other cos apply for investments under PLI scheme for IT hardware – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/foxconn-wistron-dell-16-other-cos-apply-for-investments-under-pli-scheme-for-it-hardware/articleshow/82386724.cmsSynopsis Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 lakh crore, and domestic companies have proposed production
Airtel Bank offers 6% interest rate for deposits over ₹1 lakh – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/airtel-bank-offers-6-interest-rate-for-deposits-over-1-lakh/article34470974.ece Airtel Payments Bank has over 55 million engaged users across its operations Airtel Payments Bank on Monday said that its customers will get
May look at raising capital on economic recovery, credit offtake: Yes Bank chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/may-look-at-raising-capital-on-economic-recovery-credit-offtake-yes-bank-chief/article34470172.ece “Citi’s business offers a good potential, not only credit card but wealth and retail also.” Optimistic about economic prospects despite the second wave
Two-wheeler makers report double-digit decline in sales in April on MoM basis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/two-wheeler-makers-report-double-digit-decline-in-sales-in-april-on-mom-basis/article34473960.ece Honda, Bajaj Auto post record export sales Just like passenger vehicle manufacturers, major two-wheeler companies in the country, including Hero MotoCorp, Honda Scooter
‘Saw 5-fold growth in account opening by women last year’: Ravi Kumar, co-founder and CEO, Upstox | INTERVIEW – The Financial Express
Clipped from: https://www.financialexpress.com/market/saw-5-fold-growth-in-account-opening-by-women-last-year-ravi-kumar-co-founder-and-ceo-upstox-interview/2245385/ The fast-spreading second wave of Covid-19 in India along with vaccine supply issues have caused volatility in the markets for a while now,
IDBI Bank’s Q4 net profit soars to ₹512 crore – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-banks-q4-net-profit-soars-to-512-crore/article34471388.ece?homepage=true Sees robust 37.5 per cent increase in net interest income IDBI Bank’s standalone net profit soared almost four times in the fourth quarter
Kotak Mahindra Bank’s consolidated net profit rises 36% in Q4FY21 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kotak-mahindra-bank-s-consolidated-net-profit-rises-36-in-q4fy21-121050300721_1.html Private sector lender Kotak Mahindra Bank on Monday reported a consolidated net profit of Rs 2,589 crore in the March quarter of FY21, up 36
Vodafone Idea: Can raise $1 billion by June, Vodafone Idea tells lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/can-raise-1b-by-june-vodafone-idea-tells-lenders/articleshow/82360491.cmsSynopsis Separately, one of Vi’s domestic lenders, a large public-sector bank, recently extended a bank guarantee for about Rs 1,420 crore by another year,
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