Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years.
Heads of various public and private sector banks on Thursday sought to present a counter-narrative on RBI Governor Shaktikanta Das warning lenders about the perils of extreme risk aversion in the pandemic-stricken environment where credit demand is on the wane.
Apple CEO Tim Cook has said the company's share in India "is quite low relative to the size of the opportunity" and setting up retail stores in the future in the country will be a great initiative. Apple launched the Apple Store online in India on September 23, offering Apple's full range of products and support directly to customers across the country for the first time. "If you take India as an example, we doubled our business last quarter compared to the year ago quarter. But our absolute level of business there is still quite low relative to the size of the opportunity. "And you can kind of take that and go around the world and find other markets that are like that as well," Cook said on Wednesday in the company's Q1 2021 results earnings call.
Force India's Adrian Sutil recorded his best qualifying performance of the season by capturing the 10th place on the grid while teammate Paul di Resta will start Sunday's European Grand Prix at the 12th spot.
'67 per cent of our transactions happen digitally and about 93 per cent of transactions happen outside the branch.' 'Despite that, there is ample scope for promoting banking-related activities in branches.' 'So, for some time, we will have to, probably, live with the same structure.'
Mid- and small-cap companies seem to have done better than top-tier companies
The consolidated revenue of the country's second largest software exporter rose to Rs 6,198 crore
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
Among the lot, Rallis India, Escorts, Jubilant Life Sciences, and Crisil added half of the total gains made in the ace stock-picker's portfolio.
Robust same store sales, margin growth mark June quarter.
Accenture -- considered as one of the top-most employers in India among the global technology services companies -- is believed to have over 150,000 workers in India, next to IBM.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Advance corporation tax collections grew 8 per cent in H1FY17 against 6 per cent last year. A moderate pick up in advance corporation tax collections suggest the sector might not witness significantly high growth in FY17, says Dilasha Seth.
Sensex in green, JSW climbs higher.
Gold fell to, and held near-term support at $914.00 in overnight trading in Asia before turning higher in the morning hours, ahead of the New York opening. New York spot trading opened with gold at $ 926, up $ 1.20 as players watched the dollar dropping under 71.60 on the index, and crude oil rise to just above $ 111 per barrel. Silver was down 6 cents on the open, quoted at $17.68 but the noble metals took a harder fall. Platinum lost $48 at $1960.00 & palladium dropped $13.
Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.
The progress of the GST Bill in Parliament is also likely to remain in focus
The RBI had on August 7 announced a five-member expert panel under former ICICI Bank chairman Kamath to make recommendations on the required financial parameters for recasting corporate loans.
'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
Satyam Computer Services announced on Wednesday that it added 27 new clients in the quarter ended September 30, 2003.
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
The government on Thursday sanctioned Rs 17,772 crore (Rs 177.72 billion) cash subsidy to fuel retailers like IOC to cover for half of the revenues they lost on selling diesel and cooking fuels below cost in the September quarter.
Check out some of the stocks that will react on the basis of their numbers in the near term.
But it is likely that campaign spending resulted in some positive activity through this period.
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
Banking and capital goods stocks were out of favour, while oil and auto stocks saw buying interest.
Asian markets were trading mixed with the Nikkei gaining after the US dollar strengthened against the yen.
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
Total revenue dropped to Rs 5,406 crore in the first quarter of the current financial year from Rs 5,508 crore in the same period a year ago
After a robust Q4 FY14, thanks to election spends on advertising across platforms, media entities might see slightly lower ad revenue growth at 12 to 14 per cent.
Auto and realty shares were among the top Sensex gainers.
Company's revenue growth is likely to be volatile going ahead
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Credit Suisse thinks it possible for the company to narrow its forecast ('guidance') range.
