“We expect recovery in credit growth over the medium term for our coverage universe, ” the report said.
The company, which got listed on BSE and NSE last year, had posted a net profit of Rs 5.30 crore in the year-ago period.
Profit-booking in banking, finance and metal counters further weighed on bourses, traders said. The 30-share BSE Sensex opened on the backfoot and stayed in the negative territory throughout the session, ending 340.60 points or 0.69 per cent lower at 49,161.81.
However, this was much lower than an inflow of Rs 9,115 crore seen in March, data from the Association of Mutual Funds in India showed on Tuesday.
In July 2020, Yes Bank garnered Rs 4,098 crore from anchor investors, a day ahead of its follow-on public offering.
Sensex tumbles 448.10 pts to 49,054.31 in opening session; Nifty slumps 141.65 pts to 14,800.70. Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled US benchmarks lower. Japan’s Nikkei 225 sank 2.8% and Hong Kong lost 2.4% early Tuesday. Despite reassurances from the Federal Reserve and[Read More…]
Under this, a dedicated section on the bigbasket mobile shopping app for Ayurveda has been activated with products and lifestyle tips powered by Sri Sri Tattva.
The proposed capacity addition by the wholly-owned subsidiary is 13.50 million square metre per annum while the existing capacity of the company is 24.90 million square metre per annum, it said.
In January, the company had raised Rs 200 crore from three top debt companies in the country — Alteria Capital, InnoVen Capital and Trifecta Capital, having later raised additional capital from ICICI Bank and Axis Bank.
The group is in the process of airlifting 60 cryogenic containers from overseas and building around 400 oxygen generating units that can be used by hospitals in smaller towns to aid combat the devastating second wave of the pandemic.
The company had posted a net profit of Rs 271.28 crore in the January-March quarter a year ago, Avenue Supermarts said in a BSE filing.
Profit before interest, depreciation and tax was Rs 3,751 crore in Q4 FY21 vis-a-vis Rs 2,645 crore in the corresponding period of previous year, the company said in a statement.
Last month, the bank’s digital banking platforms, including Yono, Yono lite, internet banking, Unified Payments Interface (UPI) was affected due to maintenance.
Tata Steel on Wednesday posted a consolidated net profit of Rs 7,161.91 crore for the quarter ended March 2021, mainly on account of higher income.
Highly valued technology companies including Microsoft Corp , Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc fell between 2.3% and 4.2%.
Over the course of the pandemic year, consumers prioritised online food delivery, pharmacy, entertainment, digital payments and OTT, among others, according to market research firm CMR’s ‘Alpha Brands 2021’ listing.
The size of the proposed solar power plant will be 12.5 MW and will cater to the energy requirements of Anupam Rasayan’s major units.
Shriram City Union Finance on Friday reported a nearly two-fold rise in consolidated net profit at Rs 298.28 crore for the last quarter of fiscal ended March 2021.
Consolidated net profit of Rs 13,227 crore in January-March compared with Rs 6,348 crore earned a year back, the company said in a statement.
These are being sourced globally and will be donated to hospitals and NGOs in India for distribution as the country gasps for oxygen amid the lethal second Covid wave.
Also, Rahul Bajaj will step down as the non-executive director and the chairman of the company with effect from April 30, 2021.
Responding to the surge in demand for LMO, the company has ramped up production and would commence supply of 1,000 tons per day from April 30, it said in a statement on Thursday.
“Most companies have protections to limit the effect of currency fluctuations,” said Annalisa Di Chiara, a Moody’s Senior Vice President.
According to the company, the decision was taken in view of the current severe situation on account of the second wave of Covid-19 and subsequent multiple lockdowns across various cities in the country.
Bajaj Finance Ltd (BFL) on Tuesday reported a 42 per cent jump in consolidated net profit at Rs 1,347 crore for the fourth quarter of the fiscal ended March 2021.