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ICICI Bank standalone net plunges 76 pct: The country's largest private sector lender, ICICI Bank, on Friday reported a standalone net profit of Rs 702 crore for the March quarter, a fall of 76% year-on-year (y-o-y), owing to the creation of a collective contingency reserve of Rs 3,600 crore for possible bad loans along with provisions of Rs 3,326 crore. (PTI Graphics)
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The BSE Sensex and NSE Nifty closed flat on Friday after ICICI Bank Q4 results disappointed markets amid weak global cues. The BSE Sensex closed 3.52 points up at 25,606.62, while NSE Nifty closed 2.55 points up at 7,849.80. (PTI Graphics)
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The top gainers on the Sensex were Lupin up by 1.94 per cent, Cipla up by 1.89 per cent, HDFC Bank up by 1.69 per cent, Maruti Suzuki up by 1.24 per cent and Adani Ports & Special up by 1.21 per cent. Bharti Airtel shares were down by 2.32 per cent, SBI down by 1.67 per cent, Reliance Industries down by 1.48 per cent, ICICI Bank down by 1.48 per cent and Hindustan Unilever down by 1.14 per cent were among the top losers. (PTI Graphics)
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Cartoon by Rohnit Phore
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Govt rolls back decision to lower EPF rate; fixes it at 8.8%: Bowing to employee protests for the third time in two months, the government on Friday rolled back its decision of lower interest rate on provident fund deposits to 8.7 per cent for 2015-16 and agreed to fix it at 8.8 per cent as decided by retirement fund body EPFO. (PTI Graphics)
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The Indian rupee on Friday recovered by 19 paise against the American currency to close at 66.33 on fresh selling of dollars by banks and exporters in view of weaker greenback overseas. (PTI Graphics)
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Rallying for the third straight day, gold climbed by Rs 350 to trade above the Rs 30,000-mark at Rs 30,250 per 10 grams, its highest level in almost two years at the bullion market on Friday, largely in tandem with firming trend overseas. (PTI Graphics)
