Page 1698 of Corporate Markets Archives

Equitas SFB Q1 profit after tax slides 79% on higher provisioning

The bank said the PAT was affected due to provisions made on restructured accounts.

July 31, 2021 08:14 IST

Pradeep Kumar Agarwal, chairman and managing director of CCI, cotton stocks, Cotton Corporation of India, bales ofcotton left, textile industry

Cotton Corporation stocks drop down to 9 lakh bales

Pradeep Kumar Agarwal, chairman and managing director of CCI, said the corporation had an opening stock of 115 lakh bales…

July 31, 2021 08:06 IST

Analyst Corner – Nestle: Maintain ‘hold,’ cut earnings estimates by ~4%

Gross margin expanded 60bps YoY to 56.8% due to higher realisations and mix benefit partly offset by RM pressure –…

July 31, 2021 06:30 IST

CV segment NPLs was elevated, while cards/personal fared better. Total COVID-19 restructuring invoked was only

ICICI Bank rating – Buy: A mixed first quarter for the company

Asset quality suffered even as loan and core PPOP growth were positives; EPS for FY22/23 down ~3%; TP up to…

July 31, 2021 05:45 IST

Analysts have a valid concern that the bank may be behaving leniently with borrowers. If it is doing so, it needs to make this known upfront.

Bandhan Bank Q1 net falls 32% on higher provisioning

Ghosh said during Q1FY22, around Rs 4,661 crore of loans were restructured, while gross slippages stood at Rs 1,661 crore.

Updated: July 31, 2021 20:53 IST

Factoring in firm underlying cement prices, we are raising FY22e and FY23e Ebitda by ~7% each. Our revised Ebitda/t is Rs 1,417 for FY22e and Rs 1,402 for FY23e vis-à-vis Rs 1,338 in FY21.

UltraTech Cement rating – Buy: Yet another stellar performance by firm

Prospects for sector have improved; FY22/23e Ebitda up ~7%; upgraded to ‘Buy’ with TP rising to Rs 8,627

July 31, 2021 05:15 IST

On Friday, the minister said, to further strengthen the regulatory framework for prevention of unfair trade practices in e-commerce, the government has sought suggestions on the proposed amendments to the Consumer Protection (e-Commerce) Rules, 2020.

Complaints against e-commerce players being looked into: Govt

The complaints were received from traders, retailers and industry associations, minister of state for commerce and industry Som Parkash said…

July 31, 2021 05:00 IST

Norwegian renewables player Scatec has also agreed to buy 50% stake in Acme’s upcoming 900 MW generation assets in the same state.

Acme Solar raises $334 million through green bonds

Acme Solar’s current portfolio stands at 4,800 megawatt (MW), of which 2,200 MW are operating and the remaining are under…

July 31, 2021 04:00 IST

Many of the borrowers and the staff of Chola were impacted by the second wave, whereby the priority shifted from business to protecting the well being of affected persons.

Cholamandalam profit after tax down 24% in Q1

Total income of the company, however, grew 17% to Rs 2,467 crore from Rs 2,114 crore, said a Chola statement.

July 31, 2021 03:45 IST

Covid-19: Sputnik, AstraZeneca-Oxford vaccine combination safe, finds RDIF study

The trials, however, will need to be approved by the Drugs Controller General of India. The application to mix the…

July 31, 2021 03:30 IST

Market participants pegged the increase in VRRR auction is a gradual step towards policy normalisation and the central bank is likely to hike the reverse repo rate in December policy.

Spreads between government securities, corporate bond narrow on weak demand

Currently, the spread between government securities and AAA-rated corporate bonds maturing in 10-year is hovering at 65 basis points, which…

July 31, 2021 03:15 IST

To ramp up domestic manufacturing, the Union Cabinet has already approved the introduction of production-linked incentive (PLI) scheme in 10 key sectors, under which Rs 4,500 crore has been earmarked for Indian solar module manufacturers for a five-year period.

First Solar plans $684-million solar manufacturing unit in Tamil Nadu

Hyderabad-based Premier Energies recently said it intends to invest around Rs 1,200 crore in the next two years to expand…

July 31, 2021 03:00 IST

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