Page 1710 of Corporate Markets Archives

DHFL has been undergoing insolvency proceedings at NCLT in Mumbai since December 3, 2019. The troubled mortgage lender has admitted claims of Rs 87,120 crore, with SBI being the lead creditor.

DHFL: NCLAT dismisses 63 Moons plea for stay on Piramal resolution plan

A two-member bench comprising its officiating chairperson Justice A I S Cheema and member Alok Srivastava rejected 63 Moons Technologies’…

July 24, 2021 04:15 IST

Yes Bank June quarter net jumps 360% on lower provisions, higher other income

“The corporate recoveries and resolutions during the quarter at Rs 1,643 crore outpaced the slippages of Rs 1,258 crore,” Kumar…

July 24, 2021 04:00 IST

Analyst Corner – ICICI Bank: ‘Buy’ with TP of Rs 780 & ADR TP of $20

Its discount to HDFCB’s vals has narrowed to 35-40%, but val at 2.1x is attractive & disc. could narrow to…

July 24, 2021 03:45 IST

After posting highest quarterly revenue growth in 5 yrs in Q1, Persistent Systems to hire 2,000 freshers this year

“We have been aggressively hiring ahead of the curve. In the last two quarters, we have hired 1,650 and 1,250…

July 24, 2021 03:30 IST

Solar and wind plants can produce green hydrogen with the help of electrolysers, and the company intends to wheel electricity from its wind power project in Rajasthan to generate hydrogen in Mathura refinery.

Indian Oil Corporation to build green hydrogen plant at Mathura refinery

State-run NTPC also plans to generate green hydrogen on a commercial scale from the electricity generated by the solar panels…

July 24, 2021 03:00 IST

Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter was Rs 23,368 crore, up by 38.5% annually as Ebitda for Jio Platforms increased 21.3% to Rs 8,892 crore and retail Ebitda rose 79.9% to Rs 1,941 crore.

RIL profit declines 7.3% to Rs 12,273 crore, misses estimate

Ebitda for RIL’s oil to chemical business improved by 49.8% annually to Rs 12,231 crore while its gas production business…

July 24, 2021 02:30 IST

India is one of the world’s fastest growing markets for alcoholic beverages, with an estimated market size of $52.5 billion in 2020. The market is expected to grow at a CAGR of 6.8 % between 2020 and 2023. (Representative image)

Phased reduction of alcoholic beverages tariffs needed: Icrier report

In a report titled ‘Developing Principles for Regulation of Alcoholic Beverages Sector in India’, jointly developed with PLR Chambers, Icrier…

July 24, 2021 02:00 IST

JSW Steel posts highest Rs 5,900-crore quarterly net, beats Street estimates

During the quarter, the joint venture operations, mainly Bhushan Power & Steel and JSW Ispat Special Products, performed satisfactorily. The…

July 24, 2021 01:30 IST

Other Saving products (ULIP/Par) saw moderate growth, while retail protection expectedly weakened (-10% y-o-y) as HDFC Life adopted stringent underwriting.

HDFC Life Insurance rating – Buy: Mortality reserves spike affected Q1

VNB CAGR of 19% estimated over FY21-24; ‘Buy’ retained with TP lowered to Rs 800

July 24, 2021 01:00 IST

Provisions and contingencies stood higher at Rs 641.83 crore, against Rs 394.62 crore in the year-ago period. The provision coverage ratio (including technical write-offs) was strengthened substantially and stood at 78.66%.

Federal Bank Q1 net falls 8.3% on higher provisioning

The bank recorded the highest-ever operating profit of Rs 1,135.18 crore in the quarter, 22% higher y-o-y. Net interest income…

July 24, 2021 00:30 IST

Coffee exports declining, Covid causes shift in consumption patterns: Report

The ‘Coffee Report’ by the fintech company, based in Palo Alto , mentions that the pandemic led to a shift…

July 23, 2021 08:27 IST

The company is upgrading its consumer app. The current app as 12.9 million customers.

Analyst Corner: Downgrade Bajaj Finance to ‘hold’ with TP of Rs 6,390

Bajaj Finance (BAF IN) reported net profit of Rs 10bn (+4% y-o-y/-26% q-o-q.

July 23, 2021 08:21 IST

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