The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023
Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing
CARE Ratings has moved ratings of the company's instruments and facilities to "issuer not cooperating" category.
With the recent fundraise (QIP: Rs 300 crore), the company has strengthened its balance sheet with a repayment of around Rs 300 crore debt, post which Gokaldas Exports has become net debt free.
Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates
The stock was quoting lower for the sixth straight day, down 6 per cent during this period.
While input costs increased at the fastest rate in nearly 14 years, prices charged rose at their quickest rate in around half a decade.
The company has a strong order backlog as of March 31, 2022, at Rs 5,229 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.
The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect
The board will meet on May 12, 2022, to consider the proposal for buyback of equity shares of the company, the quantum, and mode of buyback.
Stocks to Watch: Adani Power, Adani Transmission, CEAT, Dabur India, Marico, Exide Industries, Happiest Minds Technologies, and Indus Towers will be in focus ahead of theur Q4 results.
The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.
The MPC raised the key lending rate or the repo rate by 40 basis points to 4.40%, Governor Shaktikanta Das said.
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
Co-founder and former CEO Anktiti Bose had earlier alleged that she was suspended to suppress her harassment complaint
In 2007, Tata Steel skyrocketed from Rs 100 to Rs 700 in less than four years; Similarly, since 2020 the stock price grew seven-fold to a high of Rs 1,534.50.
The Enforcement Directorate, on Saturday, "seized" over Rs 5,551-crore worth fund of Chinese mobile manufacturing company Xiaomi for violating the Indian foreign exchange law
Analysts anticipate volatility in the grey market to moderate after the US Federal Reserve (US Fed) clears uncertainty over rate hike in its May meeting
The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news
Shilchar Technologies hit a new high of Rs 671.25, zooming 20 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
Shares of Zomato hit a new low of Rs 64.70, down 7 per cent on the BSE in Wednesday's intra-day trade
The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.
The company's board will meet on Monday, May 9, 2022 to consider the issuance of bonus shares.
Titan's jewellery division's revenue growth trajectory disappointed due to the dual impact of Omicron Covid variant in Jan and a sharp rise in gold prices in March deferring customer purchases.
The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22).
The much-awaited IPO of Life Insurance Corporation is set to open for subscription today, after it recorded bumper participation from anchor investors. Find out if you should subscribe to it.
Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.
According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now rally towards Rs 1,070.
Live news updates: "India was hardly counted in start-up ecosystem; it now ranks third in the world," PM Modi said
Imports during the month under review grew 26.55% to $58.26 billion
While the general consensus is of 6-7 rate hikes this year by the US Fed, there are some who expect lower rate hikes and a slowdown in the economy
Live news updates: PM Narendra Modi on Monday held a meeting with German Challancer Olaf Scholz in Berlin as the two leaders look forward to expanding India-Germany cooperation
CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers
Veranda Learning was locked at the upper circuit for the eight straight trading day, up 5 per cent at Rs 291.20 on the BSE, and had zoomed 70 per cent since April 20.
Amber Enterprises is a market leader in domestic room air conditioner (RAC) industry and air conditioning industry for mobility applications such as railways, metros, buses etc.
Sensex and Nifty need to conquer 100-DMA to avoid a major sell-off. Global cues, too, need to remain supportive for the up trend to resume
International demand also jumped robustly to a 9-month high after contracting in March and domestic demand was above average.
The company has guided for a revenue growth between 1 per cent and 3 per cent for the first quarter of FY23
Jitesh Devendra, former CEO and Managing Director (MD) of the company will return to Solara as MD, to steer the reset strategy of the Company
Increased volume, better product mix, and improved operational efficiency all contributed to a growing operating profit in Q4.
The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.
The MCX Gold futures seem to be facing considerable resistance around Rs 52,250 as per the monthly charts. Similarly, the upside for Silver seems likely to be capped around Rs 64,200-64,750 odd levels
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
Tops Rs 1.5 trillion for the first time; record collections for 2 months in a row
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The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 6 per cent decline in total wholesales to 1,50,661 units in April.