NEW DELHI: State-owned Bank of Baroda on Monday reported a standalone net loss of Rs 864 crore during the quarter ended June of the current fiscal year, due to higher provisions and contingencies. The bank had posted a net profit of Rs 710 crore in the same quarter a year ago. “On account of provisioning … Read more
MUMBAI: Aditya Puri, managing director and chief executive officer of the country’s largest private sector lender HDFC Bank has sold 95% of his stake valued Rs 843 crore in the bank this week. According to insider trading data published by the stock exchanges on Saturday, Aditya Puri has sold 74.2 lakh shares of the bank … Read more
Mumbai/ Kolkata: JSW Steel exported nearly 53% of its total sales volume during the June quarter of FY21. A drop in domestic demand, disruption in supply chain and acute shortage of construction labour were among the factors that led one of the top steelmakers to boost export volumes during the quarter. “The company achieved a … Read more
MUMBAI: Triple A corporate fixed deposit rates have come down a bit reducing their attractiveness over bank and post office offerings. But senior citizens can still opt for them as they provide flexibility and higher rates. Over the last fortnight, AAA rated companies such as Mahindra Finance, Bajaj Finance, HDFC Ltd and LIC Housing Finance … Read more
Shares of Indian Hotels and Federal Bank hogged the limelight on Monday after latest shareholding data showed that ace stock picker Rakesh Jhunjhunwala bought shares in these firms during the April-June period. Indian Hotels closed 2.64 per cent higher at Rs 81.65 on the BSE, while Federal Bank settled nearly 3 per cent up at … Read more
NEW DELHI: YES Bank‘s Rs 15,000 crore follow-on public offer saw 52 per cent subscription by midday of Day 3, the last day of the bidding process. By 11.45 am, the issue had attracted bids for 4,77,19,82,000 shares, 52 per cent of the issue size of 9,09,97,66,899 shares, data compiled from BSE and NSE showed. … Read more
New Delhi: Foreign portfolio investors (FPI) have pulled out Rs 2,867 crore from Indian markets in July so far, mainly on account of profit booking after surge in Indian equities. The overseas investors pulled out a net Rs 2,210 crore from equities and Rs 657 crore from debt segment, taking the total net outflow to … Read more
Mumbai: Titan Company said on Tuesday it has reopened 83 per cent of its stores across all businesses as at the end of June, and said its revenues in jewellery, watches and eyewear division saw a significant drop in the month of May from a year ago. The Tata-group owned watch and jewellery company said … Read more